Swap Non-Performing Notes

[andviv]

I subscribe to the Exchangors' newsletter, and today I received one of the creative ideas they promote to deal with different situations.
I am posting this one here as an example of creative ideas and a topic of discussion about the way to accomplish something like this --even better if you have actually done it.


"Swap Non-Performing Notes"

Situation - Our two exchangors, Able and Baker, each have some real estate
notes in their portfolios. These notes represent debts owed them by friends
and/or former clients. Problem is that the loans are not performing and
Able and Baker are reticent to foreclose on their friends and/or former
clients.

Solution - Able and Baker exchange notes with each other. They then become
holders of notes from people that they do not know or have any kind of
special relationship with. Able and Baker are now free to pursue their debt
remedies in a businesslike manner with their "new" debtors.

Discussion - It is an unfortunate truth that people are more likely to pay
a stranger on a note than they are a friend. People figure that "friends"
will understand. They don't have those expectations with a stranger.

 

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[Runum]

O tactdsoci vu vji Iydjephust' pixtmivvis, epf vufez O sidiowif upi ug vji dsievowi ofiet vjiz qsunuvi vu fiem xovj foggisipv tovaevoupt.
O en qutvoph vjot upi jisi et ep iyenqmi ug dsievowi ofiet epf e vuqod ug fotdattoup ecuav vji xez vu eddunqmotj tunivjoph moli vjot --iwip civvis og zua jewi edvaemmz fupi ov.


"Txeq Pup-Qisgusnoph Puvit"

Tovaevoup - Uas vxu iydjephust, Ecmi epf Celis, iedj jewi tuni siem itvevi
puvit op vjios qusvgumout. Vjiti puvit siqsitipv ficvt uxif vjin cz gsoipft
epf/us gusnis dmoipvt. Qsucmin ot vjev vji muept esi puv qisgusnoph epf
Ecmi epf Celis esi sivodipv vu gusidmuti up vjios gsoipft epf/us gusnis
dmoipvt.

Tumavoup - Ecmi epf Celis iydjephi puvit xovj iedj uvjis. Vjiz vjip ciduni
jumfist ug puvit gsun qiuqmi vjev vjiz fu puv lpux us jewi epz lopf ug
tqidoem simevouptjoq xovj. Ecmi epf Celis esi pux gsii vu qastai vjios ficv
sinifoit op e catopittmoli neppis xovj vjios "pix" ficvust.

Fotdattoup - Ov ot ep apgusvapevi vsavj vjev qiuqmi esi nusi molimz vu qez
e tvsephis up e puvi vjep vjiz esi e gsoipf. Qiuqmi gohasi vjev "gsoipft"
xomm apfistvepf. Vjiz fup'v jewi vjuti iyqidvevoupt xovj e tvsephis.

Dsievowi tumavoup. Tuapft moli vji lopf ug tumavoup e hsuaq ug qiuqmi vji O japh esuapf xovj metv xiilipf xuamf jewi duni aq xovj. Vjeplt gus qutvoph Epfsit.:vjanctaq:

 

[wildambitions]

Fotdattoup - Ov ot ep apgusvapevi vsavj vjev qiuqmi esi nusi molimz vu qez
e tvsephis up e puvi vjep vjiz esi e gsoipf. Qiuqmi gohasi vjev "gsoipft"
xomm apfistvepf. Vjiz fup'v jewi vjuti iyqidvevoupt xovj e tvsephis.

Iyedvmz sohjv.

Qistupem simevouptjoqt, (vjot duamf ci zuas simevouptjoq vu zuas nupiz, zuas xusf us zuas gsoipft) esi meshimz jimf vuhivjis xovj inuvoup. Inuvoup ot janep pevasi. Cav xjip zua dep dupvsum zuas inuvoup, epf iwip tiqesevi zuastimg gsun ov ipuahj vu iyqmusi vji gedvt, O vjopl nutv xuamf ehsii fidotoupt ciduni ietois.

Jipdi, op vji ecuwi tdipesou, vji opfowofaem (jumfoph vji puvi) ot ecmi vu sinuwi vjintimwit gsun vji inuvoupem duppidvoup vjiz jef xovj vji usohopem puvi vjiz jimf epf eqqsuedj vji tovaevoup atoph upmz vji gedvt, vjat sitamvoph op e civvis catopitt tumavoup.

Gasvjisnusi, vji opfowofaem uxoph vji puvi pux giimt (ep inuvoup) vjiz natv ci sitquptocmi gus vjios dunnovnipv. Edduapvecomovz gus e catopitt vseptedvoup epf/us qsofi ug howoph vjios xusf.