What Notes JKP Holdings Buys (Our Buy Box)
Here’s exactly which mortgage notes we buy directly. If your note fits, get a free written offer within 24 hours.
Is Your Note in Our Buy Box?
Answer 5 quick questions. Five yeses? You’re a fit.
1. In one of our 17 states?
AL, CO, FL, GA, ID, IN, MI, MO, NJ, NC, OH, SC, TN, TX, UT, WV, VA.
2. BPO between $50K and $300K?
That’s the broker price opinion — the estimated value of the property securing the note.
3. UPB between $50K and $5M?
That’s the unpaid principal balance — how much the borrower still owes.
4. In a city of 15,000+ or a county of 100,000+?
The property needs to sit in a market with real population depth — city residents or county residents, whichever gets you there.
5. Secured by something other than raw land?
We buy notes on single-family homes, multi-family, and detitled mobile homes. Raw land is something we’re exploring — see below.
Five yeses? Get a free written offer in 24 hours.
Population Requirement
On top of our 17-state list and BPO/UPB ranges, the property also has to sit in a market with real depth — enough people to support a resale, a rental, or a future buyer if we ever have to take the property back.
- A city or town with at least 15,000 residents, OR
- A county with at least 100,000 residents (if the city itself is smaller)
Not sure if your property qualifies? Submit it and we’ll check.
The 17 States We Buy In
Our core non-performing buy box covers 17 states with predictable foreclosure timelines. Performing notes can be evaluated in any of these states too.
Not in the list? Performing notes outside the core 17 are evaluated case-by-case — submit it for review.
Note Size Ranges
Concrete numbers, not vague “any size” claims. Here’s exactly what JKP buys:
BPO range (property value): $50,000 – $300,000
BPO = broker price opinion (an estimate of the property’s current market value). This range is JKP’s residential collateral sweet spot — bigger gets case-by-case review, smaller doesn’t justify the per-note diligence cost.
UPB range (unpaid principal balance): $50,000 – $5,000,000
UPB = what the borrower still owes on the note. JKP buys from a single $50K asset up to $5M. Above $5M is referred to JKP’s bulk-notes desk.
Raw Land — Exploring, Carefully
Our core buy box is notes secured by single-family homes, multi-family properties, and detitled mobile homes — not raw land. That said, raw land (vacant lots, hunting parcels, agricultural land with no permanent structure) is something we’re actively exploring. We’re very careful about which ones we’d consider, so it’s not an automatic no — submit it and we’ll tell you honestly whether it’s a fit right now.
Performing & Non-Performing — We Buy Both
Performing (RPL / PL)
12+ months of on-time payments. Smallest discounts (top of the price range). Evaluated on payment history, interest rate vs market, and LTV.
Sub-Performing
Recent late payments or a partial-payment pattern. Priced between performing and non-performing. JKP evaluates the cure path before bidding.
Non-Performing (NPL)
12+ months delinquent or in default. Deeper discount — buyer takes on the cost and time of resolution (modification, deed-in-lieu, short sale, or foreclosure).
Lien Position
JKP buys both 1st and 2nd position liens. 1st-position notes are the senior claim on the property — JKP gets paid first if the property is sold or foreclosed. 2nd-position notes are evaluated case-by-case based on the equity cushion behind the 1st.
Property Type
Residential is the core — single-family, multi-family, and detitled mobile homes. Commercial notes secured by small-business or owner-operated commercial property are evaluated case-by-case within the BPO/UPB ranges above.
Wraparounds, Partials & Land Contracts — Yes, Yes, Yes
Wraparound notes
Yes — with a condition. JKP buys wrap notes, but we must pay off the underlying first-mortgage debt at closing so the note we acquire becomes a clean first-position lien.
Partials
Yes. Sell a defined block of upcoming payments for a lump sum today and keep the back end. Good fit when you need a specific dollar amount without giving up the long-term income.
Land contracts
Yes. Seller-financed land contracts (contracts for deed) are bought on the same terms as mortgage notes — performance, BPO, UPB, state, and property type all evaluated.
Note Types We BUY
Performing 1st
Residential or commercial. 12+ months on-time. Tightest pricing.
Non-Performing 1st
Residential. 12+ months delinquent. 17 favorable-foreclosure-timeline states.
Sub-Performing 1st
Recent partial-payment pattern. Mid-discount pricing.
Wraparound notes
Underlying debt paid off at closing. Becomes a clean first-position note.
Partials
Sell a block of future payments. Keep the back-end income stream.
Land contracts
Seller-financed contracts for deed. Same evaluation as mortgage notes.
Notes We DON’T Buy (saves you time)
Being honest about the no’s is faster than wasting your time on a no-fit deal. JKP does not buy:
- Non-performing notes outside our 17-state buy box — performing notes outside the list are evaluated case-by-case.
- Notes with BPO under $50K or over $300K — outside the residential collateral sweet spot.
- Notes with UPB under $50K or over $5M — above $5M is referred to JKP’s bulk-notes desk.
- Notes outside a qualifying population area — the city needs 15,000+ residents, or the county needs 100,000+.
Raw land is the one exception that’s not a flat no — see above. If your note is one of the others, no hard feelings — we’ll point you to the right buyer if we can.
Your Note Fits the Buy Box?
Get a free written offer within 24 hours. No upfront fees. Direct buyer since 2010 — hundreds of notes transacted.
Need to talk through a non-standard situation? Talk to Dave — or check the FAQ and About Us.
Last updated September 2026. JKP Holdings has been buying mortgage notes since 2010 — see About Us, Note Investing, or our FAQ. Selling a portfolio? See Sell My Bulk Notes.
