CMI purchases nonperforming notes for one reason: their advantages far surpass traditional real estate investments. The objective in purchasing nonperforming notes is to incentivize the borrower to begin making their payments. Many of the nonperforming notes we purchase have 15 to 20 years remaining until the maturity date of the Note. It therefore allows us an opportunity to collect monthly payments for a very long time.

By comparison, nonperforming notes as an investment are much more predictable than the stock market. The stability they offer is unlike any stock or mutual fund; a Nonperforming Note is secured by a Mortgage or a Deed of Trust (real estate). You always have the safety net of real estate to fall back on if a borrower is unable to pay.

In short, we teach people how to "Be the bank." Banks have amassed enormous wealth in real estate finance because they control the asset and income stream of real estate without any headaches of ownership. A homeowner does not call their bank (lender) when the roof begins to leak, they call a roofer. A tenant who lives in a rental house does not call the bank (lender) when there is a major plumbing problem in the house, they call their landlord or a plumber. The bank (lender) gets paid first every month or the homeowner risks losing their property in a foreclosure sale. Who would you rather be, the Bank or the Landlord? Truly "An Investment like No Other."