Part of the philosophy of Philanthropic Properties is to do something good for people.  Sometimes, that’s people in general, other times it’s people in developing countries where we plant trees.  Yet another time we try to do good is with buying notes.

Mortgages, commonly called notes in the business, can be a burden on a family.  When the job market is down, you’re out of work, and the horizon doesn’t look so bright, you need a helping hand.  Those notes have become what the banks call a non-performing note, and they sell it to investors, hedge funds, and other banks.

The note doesn’t even have to be non-performing for the bank to sell it.  How many times have you heard someone say something about how they suddenly have a new bank to pay their mortgage to?  It happens a lot.

But back to the cases where the borrower hasn’t been paying their mortgage.  Usually, it’s for a good reason.  Bad things happen to good people, and we want to help.  We have access to large pools of investors where we can leverage their buying power into purchasing a note at a steep discount.  Then, we work with the seller to restructure that note to something they can afford, get their credit back on track, and help them make their life normal again.

Sadly, in some cases that just isn’t possible.  Fortunately, we have programs to help people find a way out of the burden their mortgage is bringing on them.  Helping those families find a way out from under the rock, and moving them on to a new life, a new home, often with a little cash in their pocket.

We’re here to help.  We want you to be in a good place in life.  And yes, with each successful note deal, we’ll still plant 100 trees in a developing country.