Many investors who are experienced in real estate investing may be unfamiliar with the process of acquiring NPLs.  We strive to simplify the acquisition process, by offering straight forward information that is easy to understand.

Are you receptive to working with brokers and/or broker chains?

We do not work with broker chains. Our preference is to deal directly with real buyers who are the decision makers.  If you are a buyer rep or buyer mandate, and have authority to purchase bulk portfolios on behalf of the buyer, we will determine if a working relationship can be established.  We review this on a case by case basis.

Who does the valuations for the properties?

We use several nationally recognized valuators who provide BPO values.  You can perform your own valuations online at web sites like, and

What is the next step after I pay for the portfolio?

Once funds are transferred (RESPA) laws require that the seller service the loans for 15-days and during this time the seller will send out the goodbye letters letting the borrower know that their loan has been sold.  After the 15-days are up all files will be sent to your companies or your servicers address for the loans to be boarded with the new servicer.

When will I receive the property deeds?

These deeds can take from a few weeks to several months due to the banks paper trails, county clerks and title companies.  The buyer will receive affidavits of sales within days of the purchase directly from the financial institutions.

What slows down processing an order?

Inaccurate and Incomplete information, unreasonable requests, unsigned documents, inaccurate dates on forms, inability to verify funds in a timely manner and busy and slow compilers.  Please review all forms are complete and current before submission.

Can I cherry pick the offering?

Yes, but some of our offerings must be purchased exactly as it is packaged.

What is a non-performing loans?

A non-performing loan is a loan that has become delinquent by the borrower.

Are non-performing loans clear of liens?

Encumbrances such as unpaid water bills and county taxes may have accumulated since the borrower is no longer paying on the loan there is a high chance that other bills are delinquent also.  A Title search is highly recommended.

Is a mortgage loan acceptable as financing?

No, mortgage financing is not permitted, you are not actually purchasing the real estate, you are purchasing the delinquent note.

Can I review the list of loans so I can make an informed decision?

Yes. A general summary of the portfolio is be provided to the investor.  Once you have reviewed the information on the spreadsheet and if they decided to move forward we will provide a link to the collateral files for your review.

Are there closing costs involved?

Closing cost are negotiated between buyer and seller and are spelled out in the purchase and sales agreement.

Do you support buyers interested in selling part of their portfolio, since properties are all over the US?

If you do not already have a strategy in place to dispose of the properties you purchased once you have foreclosed, we can assist you in the sale of your inventory.

Direct Source LLC


307-201-7674 Direct Line
307-203-7588 Cell Number


Postal Office Box 35
Victor, Idaho 83455, USA


info [at]