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Mortgage notes are quite easy to come by. There are several note auction sites like Note Trader Exchange, Stackfolio, or Debexpert. Not all are great, and some are overpriced, but they are designed for small investors. If you want to buy the bigger and better notes, you have to find them yourself. Listen in if you want to know where you can find them.

Join Dan Deppen as he sits down with the legendary Matt Kelley to talk about his presentation from the recent Paper Source conference. Matt goes on a deep dive on specific places you can go to buy mortgage notes right now. Matt is a full-time note and real estate investor acquiring nationwide delinquent loans and real property. As a certified foreclosure expert in the states of California, Arizona, Nevada, and Washington, Matthew has been called upon as an expert witness in the fields of foreclosure, default, and loss mitigation. He also advised some of the largest mortgage servicing companies, Credit Unions, Law Firms, and investors throughout the United States.

Learn more about mortgage notes and where you can find them today!

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Watch the episode here

 

Listen to the podcast here

 

Matt Kelley On All Things Mortgage Notes And Where You Can Buy Them Right Now

Before I dive into the show, I want to give you a little bit of a heads up on what to expect in a bit of a preview. In this episode, I’m going to have Matt Kelly who has an amazing amount of experience in notes and in my opinion, is a legend in the business. We ended up talking for a long time, longer than planned. What I’m going to do here is break this into two parts.

In this episode, which you’re going to find super valuable, there’s going to be a lot of general information on notes with a lot of detail you may not have seen in other places but more importantly, Matt talks about a laundry list of sources where you can go and buy. We do talk about some of the sources but he was sharing a screen and had a relatively long list. If you’re interested in finding new places where you can go to buy notes, I highly recommend that you check out the video version on the Fusion Notes’ YouTube channel where you can get that list.

In part two, Matt talks about a website he’s got called AfterAuctionBid. It’s too much a note-related discussion but it talks about a unique opportunity in real estate in California of all places. If you’re interested in learning more about notes, I highly encourage you to go to FusionNotes.com/Newsletter, where you can sign up for my email newsletter. I’m sending things out, usually at least once a week, sometimes more. I have a lot more detailed information about how to become a note investor and then occasionally include things like discounts for some of my online training courses like Note Launchpad. Without further ado, we’ll get onto the show.

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I am joined by Matt Kelly. Matt, how are you doing?

I’m doing very well. I appreciate your time.

Thanks for joining. We met up at Paper Source. We had talked on the phone once or twice in the past but I had been meaning to get you on here for a while because you’ve got in-depth knowledge of notes that goes beyond a lot of the folks that I bump into. Maybe you could start by talking a little bit about your background and what you do.

I’m the Founder and Owner of a company called AfterAuctionBid. This is a separate website that provides information, documentation and education required to purchase real property pursuant to California’s SB 1079 and the AfterAuctionBid process separately from that. I’m a full-time note in real estate investor, acquiring nationwide delinquent loans and real property. I’ve been a certified foreclosure expert in the states of California, Arizona, Nevada and Washington. I’ve been called upon as an expert witness in the fields of foreclosure and default loss mitigation and advise some of the largest mortgage servicing companies, credit unions, law firms and investors throughout the United States.

Everything in real estate moves very slowly. So when things seem to be going on, the reality is that it actually started years ago. Click To Tweet

The very quick way to phrase that would be, I have been the one that people would call similar to yourself when needing to enforce their creditor rights, being a foreclosure trustee. I believe in what I do or at least did because I’ve converted over into being a full-time investor but I can share the resources, knowledge and tools that I developed over the years. Not only by processing paperwork and advising others similar to yourself and those that may be reading but I’ve implemented those into my investing strategy.

How did you get started in notes? Were you an attorney originally?

I’m not an attorney. I’m not here providing legal advice in regards to debt collection or anything else. We’re here having a conversation about what I do, how I do it and why I do these things. I got started effectively back around 2010-ish and bought on the courthouse steps of the courthouse. I was a foreclosure trustee and advised private beneficiaries, similar to yourself and many others along those lines. With that knowledge, I knew where it was that a lot of loans were coming from, as in where it is that private investors, similar to myself, yourself and many others where these notes were coming from, the pricing at which they were being acquired for and a lot of the nuances involved because I’d have to solve a lot of those problems that would come about.

We saw about everything that was out there. I’m going to be involved in this myself. We believe in what we do. It’s a fair question for anybody that is involved within this industry for there’s a lot of ancillary services, things that can be outsourced some of which we’ll be talking about, whether it be some of the underwriting and some of it from the actual collection. I’m reaching out to some of those parties and asking them the basic question, “Why don’t you do this?” There’s a very honest response that should come about.

We could talk a little bit about a lot of the audiences who are new to this space and a lot of people don’t even realize that it’s possible to buy distressed debt from banks or other institutions. The next step beyond that is they don’t realize that you can often buy this debt at a discount.

We’re going to talk a little bit as you requested during our conversation. As I understand, I cover some things that very few other peoples talk about. Please note that I’m not here selling anything or pushing any particular message. The only thing I promised was that I’d be honest. Some of the things that most often people pay tens of thousands of dollars through various education programs to learn are not just some of the systems that are included with their level of investing but also understanding of the industry as a whole and wanting to find sources in which they can acquire debt.

I’m happy to share those quiet and I share them freely. We’re also going to talk a little bit about not just the systems and places but also why this exists, to begin with. If you don’t mind elaborating, from your standpoint, what is distressed debt investing? I’m going to share some very expensive programs that I’ve been involved with or presented out as well as seminars that I’ve presented nationwide as to this exact subject. What’s your understanding? What is distressed debt investing?

 

To me, it’s buying debt in the distressing case where the borrower is not making their payment every single month or even if they are now, maybe they haven’t in the past. That’s another thing that some folks find.

Distress debt investing is a form of deep value investing typically with an event-driven element as well. COVID could be described as that but in the past, it was the recession that took place around 2008 to 2013. Please understand that everything in real estate moves very slowly. When things seem to be going on, the reality is that it started years ago.

There’s a lot that’s ongoing that much of which will not necessarily come to the surface until, quite honestly, it’s too late for many. Distress debt investing, as it sounds, does carry risk. This risk can be measurable, manageable and predictable. This is strong underwriting carried by a solid foundation of knowledge, a network of resources and cost-effective tools, in addition to solid business practices that have transformed many investors over time into successful businesses.

This is something that can happen certainly overnight and it’s possible to grow quickly. The vast majority of small investors that I have known transitioned from being small individual investors, buying small, having targeted investments to being able to gradually and over time purchase larger portfolios and taking more diverse risks. Distressed debt investing has been around for many years. This is not a new industry. There has been proven to be room for many different types of investors. Large or small investors often thrive within this industry largely due to specialized knowledge and targeted investments. Larger entities often find their success in larger acquisitions, balancing the risk with volume as the successes more than compensate for the loss as well.

Balanced acquisitions often allow for quick recapitalization sometimes of which by selling to investors similar to ourselves and those that might be reading and liquidity by having authorized buyers ready to acquire portions of any said portfolio. We’re talking about distressed debt investing about money being owed. A lot of the time, it started with yourself, myself or at least other small investors because then they’re 100% invested in the debt. They loaned all the money. Rarely, they’re willing to accept steep discounts to accommodate my investing requirements. Why are notes sold, Dan?

A lot of times, for an institution, the debt has a certain face value but if it’s distressed, it’s probably worse than something less than that. A lot of times, whether it’s an institution or an individual, they’re often selling a note because they want to redeploy that money into something else. For example, some of the best deals I got were when a fund had run its course and was winding down or sometimes I’ve bought notes from individuals who wanted to put the money into some other investment or sometimes they had an investor that wanted to cash out. There are all sorts of different reasons why.

The screen that I’m sharing says, “Out of traditional investment area, closing of a funder or cash call.” There are different levels. Any of these can be an entry point for an investor. One of the things that I’ve done in the past because I’ve been involved in some very large trades all go back within the chain. The chain we’ll talk about is looking at the prior owners, who ended it, who bought it, what price did they buy it for and how did they acquire this? It’s about everything in between. A lot of the loans that we’re referencing originated with institutional lenders or banks. With these things, if you’ve ever seen the movie, The Big Short, which I imagine you have, that’s a movie about insurance or the ones that happen after that.

There are a lot of reasons notes may be discounted. It's not necessarily a flaw or something that's terminal. Click To Tweet

What happens to those tranches after they collapse? How does it end up from Wall Street to Main Street where I’m at? This is verifiable. I not only have examples of everything I’ll be talking about but all of the information can be looked up and verified as well. The pooling and servicing agreements are registered most often with the FDAC. As defined within it, they have this pooling and servicing agreements that explain exactly how, when, where and why these notes may be sold. One of which is defining a charge off. This is not one to 1099-C that has been issued, the Cancellation of Debt. This is effectively the explanation of why it is that certain lenders will stick notes in a drawer and sell them at a later point in time.

They define it as a mortgage loan that’s been at least a certain number of days delinquent, as long as they believe according to accepted servicing practices that effectively, there’s a much longer explanation but they’re effectively saying that they will make as much money by charging it off at that given point in time as they will by collecting upon it or doing anything else at that moment.

As time passes, notes may increase in value. That may be that there’s more money owed on them, underlying collateral is worth more or circumstances have changed for the individual involved in that loan. Regardless, some value exceeds the charge off of mount and they’ll fulfill their fiduciary duty by selling this to an investor similar to myself, whereas they’ve effectively agreed not to collect upon it themselves within the past

You referenced out of a traditional investment area. I’ve been involved in trades where I’ll buy a nationwide portfolio of notes. This may be hundreds, if not thousands of notes. A few of them will be within certain states that I don’t have preferences in. Dan, you invest in areas like Indiana, Michigan and a couple of other states. Those are less desirable for an investor like me. I only say that because you’re talking about a judicial state where it’s more costly and there’s a longer timeline involved with collection inquiring said property.

I’m aware that there are a lot of alternatives. We’ll get into those. On the institutional side, there’s very little differentiation in value between, let’s say, a California note versus an Indiana note. The next of which is the closing of a fund or a cash call. That’s when they need to get some money to meet some requirements so they’ll end up selling some notes to meet those deadlines. It is certainly hard. We’ll get there. Passing the buck is not necessarily a good way.

You’re referring to notes with title flaws or other problems.

That’s one of which. We can talk about those if you want. We’re just having a conversation and I’ll answer anything you want but let’s not get stuck on the nuances because I will point out that the vast majority of loans we’re talking about, Freddie Mac, Fannie Mae, VA and even the most conventional loans can fit into a nice, pretty little box where all loans fit and that’s perfect. However, we’re dealing with the stain on the carpet.

 

This is the out of traditional investment areas. These are discounted, often defaulted notes or scratch and dent loans. There are a lot of different ways these things can be classified, including a very traditional description of non-QM or a non-Qualified Mortgage for various reasons, such as why it is that those other lenders that would perhaps pay significantly more than myself would acquire those notes. Regardless, there are a lot of reasons notes may be discounted. It’s not necessarily a flaw or something terminal. There are a lot of examples.

You made a movie reference to The Big Short. I rewatched the movie Rounders. It was about poker players. In there, Worm goes to prison and he had all this outstanding debt that this gangster guy bought at $0.30 on the dollar and then beat him up to collect. It was funny because I was watching that and I was like, “This gangster guy is doing distressed debt investing.”

Let me clear it. First, I don’t support buying unsecured debt at $0.30 on the dollar. That’s insane. The next to which is distressed debt investing, especially when it comes to secure debt, which what you referenced is not, secured debt their rights and remedies are very clearly spelled out within the law. If the law is my friend, there are a lot of individuals, companies support and most importantly, case law, state and federal that are there to support my rights within this scenario. There are very few new scenarios that come into play.

As much as people love gambling and poker, you and I on many different levels underwrite risk for a living. What that means is we don’t want to get into scenarios. If the outcome is different than what we predicted, we did something wrong that may be quite honestly, we made more money than anticipated and maybe less or even when it was made.

There are ways to underwrite that and be very accurate within one’s predictions. You wanted me to talk about some of those things but this is not gambling. I would hate to think of it that way as much as people think, “It’s all about when you lay your cards out or what you do.” It’s more about knowing your rights and a lot of information, which there’s a scary amount available. These are all things that are entirely possible. Dan, where do people buy notes?

In all kinds of different places but I’m interested to see what you had to say here because that’s the number one question I get from folks.

I have a different list of note auction sites. Keep in mind that they have much more extensive ones that I’ll be showing as well for those that watched the video version of this. “Note auction sites can certainly be overpriced and highly picked over. They are designed for small investors and individual purchases. Performing notes do sell on average about 75% to 90% of the unpaid principal balance. 8% to 14% returns are common. That’s over a 20% yield. Non-performing notes typically sell for 21% to 68% of any balances. Returns vary but are traditionally significantly higher.”

Broker is a licensed term, so there are legal requirements to describe oneself as such. Click To Tweet

I listed a number that is data and my opinion of some of them. DebExpert.com, PaperStac.com, preREO, NotesTrader, NLEX, Watermark Exchange, Stockfolio, Note Trader Exchange and NotesDirect. Not all of these are great but there are different strategies. This is referenced as the bottom-up. I’m also going to talk about a top-down sourcing campaign. The bottom-up is looking at some of the aggregating websites where a lot of these notes are individually available. It’s not usually the first stop for this note. Usually, it’s some other investor that had them, did some things with it and is selling it for one of the reasons that we previously discussed.

When one is on here, one can look at the chain of titles. You can often look at some of the notes that are in relation to the transaction. I’m talking about underwriting notes. There’s a lot of different information that’s available. Some of which we’ll go over the actual underwriting process. That may include bankruptcy history but regardless, looking at individual notes and seeing where it has been in the past, looking at the chain of assignments. When you buy notes, sometimes there are 2, 3 or 4 assignments recorded prior then it makes its way to me.

I want to know how those that came before me were able to acquire this presumably at a lower price where they can afford to sell it to me at a price that is still attractive to me and make a profit, especially being so far out from the source. I can go there and find some of the assignments, including the deed of trust. I can find the names of some people that are involved or at least worked at those companies and see if I can track some of the individuals down via LinkedIn.

If they’re no longer at that company, they’re usually at another one that’s more active with a similar type of product. They can find some of those companies and see the people that were involved as they sold at one point, see if they’re selling now or if they’re involved with other companies that have a similar activity that’s taking place and see if there’s a diamond in the rough.

I have one that says, “Today is the marketplace for the small buyer. These are various brokers, not representing them as licensed because a lot of them are not necessarily licensed brokers. Please note that describing oneself as a broker is a licensed term and that there are legal requirements to describing oneself as such.”

These are some of the ones that I provided a little bit earlier and ones that anybody can get on their mailing lists. If one does so, they will send you tapes of notes that will provide various opportunities. Generally speaking, they don’t care if you ever buy but it can provide the best way to learn, in my opinion, which we’ll get into in the actual underwriting portion of this conversation.

It allows oneself to do what’s called the dry run. You go through it, do all the underwriting, look at all the information, develop one’s pricing and then don’t buy. What I mean by that is to compare notes with somebody else. If it’s such an amazing deal that you can’t pass up, do it but if it’s anything short or quite honestly seems amazing, we’re not pushing anybody to get into situations that they may deem uncomfortable.

 

There’s no harm in doing some of the free work, doesn’t cost anything or has extremely low costs to go through the underwriting process, learning all the information and then comparing notes to somebody else, whether it be a trusted advisor or someone else within the industry, maybe it’s even the winning bidder because you’ll be able to find out most often through the broker, website or even public records who eventually won that trade and see if there’s something that you overlooked that caused them to price it lower or something that they felt made this note more valuable than otherwise predicted.

There are also other servicers who list available notes. Please note, servicers. They do not hold any beneficial interest. This may be companies like PHA and Bank of America. They may not necessarily be the ultimate investor so they cannot necessarily authorize the actual sale of a note. Other core beneficiaries do regularly sell, similar to me, yourself and others that may be selling.

One thing I want to call out to you for the people who are reading, you’ve got a lot of great information on where to potentially find notes, which is the biggest thing that people struggle with. I highly encourage you to go back and look at the YouTube version of this. There is some more great information here.

A lot of the things I’m presenting here are one of the education programs and most treasured information that I freely share. I’m not in education. I answer questions freely. I make my money by investing and doing. That’s one of the reasons I freely share. I don’t view anybody else as competition. What I mean by that is there are more than enough notes that are out there for everyone. I’ve rarely ever competed with somebody else, head-to-head for any particular note or even a portfolio. There’s more than enough business for everyone.

Indeed, note sellers don’t usually sell their best notes. Note brokers are often used to distance themselves from a troubled note or broke borrower. There’s a lot that can be covered up in those aggregating websites. Note auction sites are often over-priced and highly picked over. Servicers can not authorize the sale of a note because they do not hold beneficial interests. Private lenders are often 100% vested and rarely accept steep discounts.

Other beneficiaries often sell what’s outside their business model but are difficult to catch at the right time. Professionals do not use Facebook or LinkedIn to market their availability and notes. How do I find these not holders who sell, do not heavily work them and do not open the market and their availability of the notes? It’s conferences, which are great. You can network with other individuals similar to yourself. I spoke at a couple of conferences and they said the very least the newer investor is going to some of them, look around the room, hear some people that have done this with some success in the past and some have immense success. If some of those guys can do it, trust me, you can too.

There’s a little bit of education exposure fund and a write-off but realistically, you don’t need to go to conferences because with the smaller ones, no major hedge funds attend those events and large investment companies don’t require education. If I learned something at a conference, it means that I may have been doing something wrong on files. I may have done things wrong in thousands of files, which is deeply problematic. You don’t need to go to get the information you need. It listed some conferences such as IMN, CLO, MBA, which is the Mortgage Bankers Association, the FiveStars.com and StructuredFinance.org.

There are more than enough notes out there for everyone. But it's true that note sellers don't usually sell their best notes. Click To Tweet

These are all mega conferences that are very expensive to attend. One would also be the smallest fish in a very big pond by going. Realistically, all one wants is the attendee list that’s going through and separating investors similar to ourselves but also setting aside all the vendors that want my business, the ones that I don’t want to talk to. They want to talk to me, all the title companies, skiptracers, accountants and lawyers, setting those aside, weeding through and trying to find the larger companies with a product that I’m looking for so that I can call and solicit them.

I don’t even necessarily need the individual that attended because, quite honestly, maybe his boss or even maybe their underlying that I’m needing to talk to. I want to know the active companies with products that have what I want. I found that conference attendee lists are one of the best ways to acquire that but there are off-market notes. I talked about the bottom-up approach by looking at some of the aggregating websites.

We can also follow large trades as the top-down approach. This is very easy to qualify for these. This can be from FFN Corp, Mission Cap or Devex. Those are all the FDAC licensed brokers. This is where often banks are required to sell because keep in mind, some other people have talked about bank-direct trades. That’s often very misleading. The very honest truth about it is if there was one person at a bank that could authorize the sailor transaction of any given note or even a portfolio, some of which are tens of millions of dollars either an acquisition costs or at least an unpaid principal balance.

Some would be very tempted to ask that one person at that one bank, “Discount this stuff a little bit more in what color of Porsche would you like in your driveway?” For those reasons, they deliver every time. I’m not saying necessarily that’s myself but regardless, the truth is that most often, these banks are required to sell via arms’ length third-party transactions. That’s why licensed brokers are most often involved in some of these aggregating websites are utilized.

You can follow some of these large trades. Whereas myself, I’m not going to be able to acquire the entire thing from the cost perspective. Also, it may not be cost-effective to underwrite the entirety of the portfolio. That’s because certain hard costs are involved very often, some for time’s sake and others because of necessity in trying to look at the various risk factors involved with this debt.

Rather than trying to buy the entire whale, we can see who acquired that portfolio, either acquiring some of the recently acquired portfolios that they just bought or rather what they’re liquidating to be able to have the capital to acquire this new debt. This old list and context are certainly worth their weight in gold. That’s finding out who purchased the larger trades, following up with them, purchasers are performing pools, do often sell notes, which become delinquent for a discount and larger hedge funds will sell notes from trades that do not necessarily fit their business model. People covered in the trading desk involved in certain trades often do transfer to similar jobs at other locations but more active companies.

For new investors, it’s reverse engineer success. This is why as investors pursue opportunities, it takes place in many forms. Most investors, including season ones, do fall into habits of focusing regionally on areas in which they are familiar and have a strong legal network or legal representation. This is not bad but certainly, limited. Educators pushing “investor identity” are selling something but it’s not notes and education. Understanding fundamentals distress underwriting. This is an understanding title, borrower underwriting, asset evaluation and data-driven investing.

 

Starting with a performing note to understand the process is advice given most often by experienced investors looking to offload re-performing notes onto significantly less-informed investors. Do not base your exit strategy on a best-case scenario but rather on the worst and see if it still works. Do not trust what you see on Facebook. Email marketing verifies everything and everyone. Almost anything can be taught, except for the ability to ask a question and information is freely available. There you have a podcast.

For the intermediate investors, the tide of notes is always out there but sometimes it goes in a different direction. New sources are extremely valuable. Relationship buying is not professional. A very important component to aggressive acquisitions and competitive bidding is possessing the ability to lose bids and not have a detrimental amount of cost to be rolled into the next investment, knowing not only the information where it comes from but how to verify it.

Creatively sourcing notes is encouraged but creatively collecting is litigious. Please find additional sources through ancillary vendors and conferences. What that last statement was is that there are conferences very specific to note investing but there are a lot of areas involved with note investing. That includes the actual collecting on the non-performing debt such as a foreclosure conference. This may also include things like title conferences, some of the skip tracing and things like that.

There is a huge amount of good details in there. The sources, in particular, are a level of depth that a lot of people have been looking for for a long time. I appreciate you taking everyone through that.

We can go over some of the technology systems and underwriting. This is a real problem. Very few reputable and seasoned investors are often facing growth problems, cashflow problems and personnel problems. Forbids and underwriting costs, I did emphasize how it’s important to be able to bid but also lose comfortably and not have to roll the cost of underwriting to the next transaction, which makes one less aggressive and less likely to win the next trade as a result.

With excessive options available to investors, many at a cost, few entities are seeing the consequences of this bidding strategy. Some of these services can be very expensive while much can be outsourced. Not all of it should be. A lot next is lack of understanding, which is not understanding the information products provide, which translates not being able to double-check or source the information. I’m most often talking about title reports. This is being able to understand where the information comes from because, most often, title reports are not insured products similar to a title policy.

I’ve seen errors on title reports as well.

Do not trust what you see online. Verify everything. Almost anything can be taught, except for the ability to ask a question. Click To Tweet

Outsourcing and vendors can add value but it also can greatly diminish one’s bottom line. It’s, “Price is what you pay. Value is what you get.” For bankruptcy, there’s nothing that’s the gold standard as PACER. Directly searching the court’s website costs a couple of pennies. If you don’t know much about bankruptcy, the best thing to do is to read active bankruptcy documents as every document is self-explanatory and bankruptcy is a great way of understanding a given investment opportunity for a note or an individual because it is a snapshot of a person’s life at a given point in time, why they filed, what the bankruptcy did, what debts they had and things along those lines.

Credit reports can also be very helpful. CoreLogic Credco is a great resource for individual and new small investors. As these credit reports tend to elaborate upon much of the debt that exists with that individual’s life, it helps determine their ability to repay but also see in the event somebody is buying such as second mortgages as to what may be taking place with their senior debt, such as the first mortgage.

For data and statistics, more data-driven investment in given areas, industry trends and insights, AttomData.com has a wealth of information. For property values, I’m a fan of Zillow. There’s a ton out there. I’m not saying Zillow is accurate because it’s not but it tends to be a good guideline as we do surgery with shotguns rather than lasers. It’s not always the most targeted of investments but it tends to be fairly accurate over time. If one is investing in very rural areas where there’s not a lot of data, then that’s something that will be less accurate than somewhere like Los Angeles and areas where there’s a lot of volume and data that’s available.

For title investing, most can utilize things like TitleFlex, which is Data Tree. Other ones are free services that are pretty good. They’re not bad for a glance. I do stress to go to the county recorder’s website, do a grantor grantee index search with the borrower’s name and see what’s out there. There are occupancy and skip tracing. TLO.com is great for small investors to be able to locate the homeowner, their contact information and quite a bit of personal information about them. Don’t worry. I did look up yourself. You do on a considerable amount of properties. That’s how I knew where you invested. I could have gone over your sources but they’re quite honestly already included in my slides.

 

Important Links

• AfterAuctionBid
• Fusion Notes – YouTube
• FusionNotes.com/Newsletter
• Note Launchpad
• DebExpert.com
• PaperStac.com
• preREO
• NotesTrader
• NLEX
• Watermark Exchange
• Stockfolio
• Note Trader Exchange
• NotesDirect
• IMN
• CLO
• MBA
• FiveStars.com
• StructuredFinance.org
• FFN Corp
• Mission Cap
• Devex
• CoreLogic Credco
• AttomData.com
• Zillow
• TitleFlex
• TLO.com
• www.FusionNotes.com

 

About Matt Kelley

Matthew Kelley is the founder and owner of AfterAuctionBid.com. A site which provides the information, documentation, and education required to purchase property pursuant to California’s SB1079 and the AfterAuctionBid process. Presently, Matthew is a full-time note and real estate investor acquiring nationwide delinquent loans and real property. As a certified foreclosure expert in the states of California, Arizona, Nevada, and Washington, Matthew has been called upon as an expert witness in the fields of foreclosure, default, loss mitigation, and advised some of the largest mortgage servicing companies, Credit Unions, Law Firms, and investors throughout the United States.

 

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