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Can You Really Buy a Non Performing Second Mortgage?
When you get into ten and even single digits, you're talking about much lower quality loans. I think that pricing has increased pretty significantly in 20 21. There are some underlying market forces there, and that's why i think 60 % for a higher quality loan is like a really good deal now. The real estate values were, you know, all time hides this year, but then also the mortgage notes that are being traded on those properties. So i think next year, i think the market as a whole will cool down. Property values should come down when there's more inventory brought to the market. And then note value will be brought downas soon as more inventories and brought to the