In this episode of the Paper Trail Podcast, host Chris Seveney delves into the common mistakes investors make when bidding on note investments.

He breaks down a top 10 list of these errors, highlighting the complexities of foreclosure processes, especially in non-judicial states.

Chris provides valuable examples and insights, stressing the importance of thorough due diligence, understanding potential delays, and realistic financial modeling.

The episode is a must-listen for both active and passive investors looking to deepen their understanding of the mortgage note investment space.

00:00 Introduction to Note Investing

01:01 Top 10 Mistakes in Bidding on Assets

02:39 Case Study: Borrower A vs. Borrower B

04:11 Challenges in Foreclosure and Bankruptcy

09:17 Real-Life Examples and Investor Pitfalls

20:03 Understanding Non-Judicial vs. Judicial States

21:24 Conclusion and Resources