06/21/2026
There's a written set of rules for buying and selling mortgage notes — and then there's the unwritten one.
The unwritten one determines whether sellers send you their next deal, whether buyers trust your tape, and whether your reputation in this industry works for you or against you.
So we asked the people who live it every day. Active note investors, fund managers, and marketplace pros weighed in on what professional etiquette actually looks like at the negotiating table — from honoring your bids to communicating clearly when a deal falls through.
Featured voices include Chris Seveney (7e Investments), Justin Bogard (American Note Buyers), Cody Cox (Bridge City Factors), Tracy Z & Fred Rewey (Note Investor), Jay Redding (Cassidy Investment Group, LLC), and Brett Burky (Paperstac).
The full roundup is live on the Paperstac blog — Read what the industry says about note etiquette here: https://paperstac.com/blog/mortgage-note-buying-selling-etiquette/