br How to Buy and Sell Real Estate Notes br br I think this information will be of value to you, so read along and pay close attention. br br Assuming there are no Junior Lien Holders... br br In CA, I could find buyers willing to pay 75 of market value for an REO. br br In CA, I could roughly buy non-performing notes aka real estate notes for 50 of market value. br br So the act of taking a property to sale, and eliminating primarily the BK risk, is worth a full 25 of the homes value.