Realty411 Magazine Featuring Lori Greymont | Page 24

notes
Turning DISTRESS
Into SUCCESS In
The Paper Business
Article by
Tim Houghten
Staff Writer
Fuquan Bilal, founder of
National Note Group
Distress has a unique way of polishing success.
M
uch like the abrasive grain of sand that results in
the development of magnificent, beautiful pearls,
the trials and tribulations of the mortgage indus-
try are now revealing their silver lining.
While the pain of foreclosures, an economy in rehab,
and building a business in turbulent times shouldn’t be
minimized, the tests we’ve been through are being turned
into something positive by those that really care, and are
willing to put in the effort.
Fuquan Bilal, founder of National Note Group, knows
this better than most. While some media outlets have
posed that distressed property is declining in America, as
of February 2015 there were almost 5,000 banks holding
over $150 billion in non-performing mortgage notes, $600
million of this pool are newly defaulting real estate loans.
National Note Group has been working to not only help
heal the economy, and offer investment opportunities to
help individuals get ahead, but has been going to extreme
lengths to turn distress into sustainable success for home-
owners.
Recently, in an exclusive interview Fuquan Bilal pro-
vided some of the most transparent, and detailed insight
behind the scenes of the mortgage note industry.
Realty411Guide.com

“THERE’S A HEARTBEAT IN EVERY HOME”
While some funds, firms and individual real estate inves-
tors have purely seen the financial struggles of American
homeowners behind on their mortgage payments, or in
foreclosure as an opportunity to seize more property and
make a quick buck; National Note Group’s founder says
his firm takes a very different approach.
Bilal says it is crucial not to forget that “there’s a heart-
beat in every home,” and how “devastating” foreclosure
is. NNG goes to great lengths not to foreclose, and to find
winning, and sustainable solutions for both homeowners
and investors. In fact, Bilal says out of hundreds of loans
purchased in 3rd and 4th quarter of 2014, the firm had just
six REOs on the books in first quarter of 2015.
Going beyond simply offering loan modifications
to borrowers, National Note Group’s team has gone to
great lengths to aid them in improving their finances so
that they can hold onto their homes, and enjoy a brighter
future. This has reportedly included “helping individuals
leverage smarter spending and personal finance, without
becoming miserable by switching to more affordable >
PAGE 24 • 2015
Continued on pg. 30

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