The Note Closers Show - The #1 Podcast for Note Investing How Do You Calculate Legal Balance
In this episode of the Note Closers Show, Scott Carson breaks down the different ways for you to calculate the legal balance of a note when that information is not provided on the tape or spreadsheet. Scott shares how to calculate the number of months behind and how to figure the amount past due plus late fees and what else you can add to the unpaid principal balance when comparing that to market value. Scott also discusses the importance of knowing the statute of limitations on debt collections in each state and how that affects the amount and number of years that you can collect on.
Scott also discusses the upcoming live webinar where he will be breaking down a tape of over 400 nonperforming notes and how you can join in LIVE at http://noteinvesting101.com.
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