In any business, especially in the note business, don’t count your chickens before they hatch. When you’ve been in this business long enough, you realize that people say a lot of things that they never come through with. Chris starts off with an email from his servicer and a boarded note, and then proceeds to answer some questions with Gail about high-UPB assets, doing partials on a CFD, joint ventures, the difference between a pre-bid and a post-bid, using AVMs, when to BPO and O&E reports, and more. They’re also joined by one of their friends, a full-time note investor, who shared one of his horror stories about a note he bought out of a partnership. Find out how that plays out in this episode.

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