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y
  • Posts: 182
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OP: November 24, 2012, 12:00:00 AM
If you're not comfortable giving specifics, maybe just describe it in general. Round the numbers off, etc.

I'll start off:

I once sold a 50 cent note for $17. It happened last year, so I don't think it's going to get reversed.
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r
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  • Posts: 568
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#1: December 31, 1969, 07:00:00 PM
I buy distressed notes for pennies and so far have made absurd profits (3000% or something).  Those sellers probably thought I was foolish to buy their notes.  But it's only a handful of notes, I'm finding its extremely hard to scale due to FolioFN not being very user friendly
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J

J2E

  • Posts: 13
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#2: December 31, 1969, 07:00:00 PM
I made a stupid sale and sold a note that showed 31+ days late because they'd only made a partial payment.  I had a few others that are 60+ days late with $22-23 remaining and I marked them all at $7 including the partial payment one.  So a $15 or so loss for a loan that probably could have sold for par.  Just have to be more observant in the future.
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