The Challenge
Original noteholder had health issues and needed liquidity. The file had thin documentation, no current proof-of-insurance, and a missing assignment from a prior holder.
RAW's Approach
- 1Performed RAW's 11-point note diligence (title, payor credit, payment history, collateral inspection).
- 2Cleaned the assignment chain and forced-placed insurance to make the file institutionally salable.
- 3Marketed the seasoned note to RAW's private buyer list with full digital tape.
The Outcome
Cash-out within 90 days at full unpaid principal balance to a 1031 buyer. Original holder netted ~$87k in 7 business days at acquisition.