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News & Blogs

  • September 12, 2016 11:30 AM | Mahir Allan (Administrator)

    Many times we encounter a problem in the Note Business.  The borrower, the attorney, the homes.  What do you do you do when faced with a problem?

    Let's try to tackle this one at a time.

    The Borrower

    The borrower is the biggest variable when purchasing a note.  Cooperation or resistance is a huge X Factor in ensuring your workout process goes smooth or goes the distance.  The way we deal with it is by understanding the situation of each loan before even making the first contact with the borrower.  What is our position on the property? What kind of leverage do we have? Where is the home located?  Understanding these factors will change the type of interaction needed to work with the borrower.

    The Attorney

    The attorney can either be your friend or your enemy when they represent the borrower. The way you deal with them will be the difference.  Understand the attorney has a job to do.  That job is to resolve this loan.  Your end goals are mutual.  Now you need to figure out how to get the attorney on board.  Being combative is not going to help either party but that might be a strategy for the attorney.  Use the information you have to your advantage to work through the process with the attorney.

    The Home

    This is what I get the most questions about.  What is the value of the home?  It seems simple.  Most people will stop after they get a few internet values.  After you acquire the loan why stop there?  Take the extra step and send a realtor to check out the location, the home condition, the values, etc.  Gather as much info as possible so that you predict the track your note will go rather than the other way around.

    If you like this format send me some questions to cover for our next monthly newsletter.

  • August 01, 2016 11:35 AM | Mahir Allan (Administrator)

    This time of the year marks two years of MJS successfully enjoying the note industry!!

    As our assets under management continue to grow, so has our time and flexibility.  One of the things I appreciate about this business is the ability to work anywhere. 

    In notes getting double digits returns has become the norm for us.  Two years in we are always looking to challenge ourselves and see the many different ways of getting those same results with less effort.

    Fortunately for us here at MJS our team is strong, our internal operations are solid, which gives the ability to drop many loans in the pipeline and with ease be able to see the results we targeted.

    Your time like our time should be your most valuable asset.  If you are interested in getting the most out of your money contact us and let's see what plan we can put together.


  • May 31, 2016 1:46 PM | Mahir Allan (Administrator)

    We all know that Dodd-Frank's main purpose was to get the financial institutions and Wall Street back in order.  Dodd-Frank also created the CFPB. 

    The idea of Dodd-Frank and the CFPB is great.  Regulating the mortgage business and protecting the consumer is something everyone can get behind.  Many feel that Dodd-Frank has over stepped its boundaries and have actually hurt the consumer more than helped.

    Read more about it the upcoming fight to reform Dodd-Frank and the CFPB in the link below. 

    http://www.dsnews.com/news/05-31-2016/major-dodd-frank-reform-proposals-are-imminent 

  • May 04, 2016 10:58 AM | Mahir Allan (Administrator)

    There are a lot of questions about self servicing. 

    Can you service your own loans? What are you required to do when you acquire a loan?

    These questions have been asked many times without the most clear answer.  So I went to the source.  Check out what the CFPB has to say about it.

    http://www.consumerfinance.gov/policy-compliance/guidance/implementation-guidance/title-xiv-mortgage-rules/ 

  • March 30, 2016 3:40 PM | Mahir Allan (Administrator)

    We got started in July of 2014.  After success on our first pool purchase we decided to take the business to the next level.

    In the Non-performing Note space I wouldn't say we have the notoriety as big as some but, our reputation is great with those in the industry. For the people who know us well know that our service is at another level, as well as our support.  We have been very active in all facets of the business since we made the leap.

    During the period of December of 2014 to November 2015 we closed on over $2M in trades.  We purchased over 270 Non-performing junior liens during that time.  We hold monthly seminars in NY and NJ, soon to be expanding into PA.

    Our strengths are analyzing and educating people the RIGHT way.  We want to be able to help the new investor and the more experienced investor to avoid the problems we have seen happen too many times, which causes them to fail.

    We want this site to become a platform to help all of us become partners and well educated note buyers.  If you have a deal question that has you stumped, post it in the forums.  There are many experienced note investors registered to this site and our stories will help the note community grow.

    My main goal in building this site is to work with well educated partners.  I hope that you will come along for the ride.

  • February 19, 2016 3:39 PM | Mahir Allan (Administrator)


    Hello All,

    I am glad you are taking the opportunity to learn a business that can change your life. 

    This websites purpose is for education.  We want to build a community of sophisticated members that will help grow the industry. 

    Take a look around the site. We have video seminars, important documents, events and so much more that will help you grow into the expert in the note business.
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