Author Topic: What's the weirdest note you ever sold on Foliofn?  (Read 1950 times)

yojoakak

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What's the weirdest note you ever sold on Foliofn?
« on: November 24, 2012, 11:56:46 AM »
If you're not comfortable giving specifics, maybe just describe it in general. Round the numbers off, etc.

I'll start off:

I once sold a 50 cent note for $17. It happened last year, so I don't think it's going to get reversed.

rawraw

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Re: What's the weirdest note you ever sold on Foliofn?
« Reply #1 on: November 24, 2012, 01:29:35 PM »
I buy distressed notes for pennies and so far have made absurd profits (3000% or something).  Those sellers probably thought I was foolish to buy their notes.  But it's only a handful of notes, I'm finding its extremely hard to scale due to FolioFN not being very user friendly

J2E

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Re: What's the weirdest note you ever sold on Foliofn?
« Reply #2 on: November 24, 2012, 10:03:02 PM »
I made a stupid sale and sold a note that showed 31+ days late because they'd only made a partial payment.  I had a few others that are 60+ days late with $22-23 remaining and I marked them all at $7 including the partial payment one.  So a $15 or so loss for a loan that probably could have sold for par.  Just have to be more observant in the future.