The homeowner is contacted and agrees to allow an investor to bring their default current. The homeowner signs a note for that amount (with a high interest) to pay back the investor and if the homeowner defaults on the note, the house is taken by the investor.

If I have it correct, is that something that you have experience with and/or do you have any advice/tips either pro or con?

Any help is truly appreciated.

Thank you. I plan to live forever...so far so good!