Buying Discounted Notes May 2026

First position notes are paid first in a foreclosure, while "second" or junior notes are riskier but often cheaper. Key Benefits

AI responses may include mistakes. For financial advice, consult a professional. Learn more Should You Only Buy First Position Notes? - BiggerPockets buying discounted notes

When a lender (like a bank or private seller) wants to free up cash, they may sell their mortgage notes at a discount. First position notes are paid first in a