Our first round of The Pricing Game has concluded! Actual purchase price: $32,211 (~53% of UPB) ๐ฏ Closest guess (the winner!): @Roman Bassovski , who came within ~$1,200 of the actual sale price. Honorable mentions to: @Jeff Vincent: $30,000 @Smitty Smith: $30,200 (45โ50% range) Join Round 2 here ๐ And here is the original post: This is how you train your pricing instincts without risking real money. Your job: guess the final sale price as closely as possible. Most new investors struggle with one thing: โWhat do notes actually trade for?โ This game compresses years of deal exposure into minutes. You'll learn to: โข Price notes realistically โข Understand how equity actually gets discounted โข Start thinking like a buyer How to Play (Simple): 1. Review the deal data below 2. Comment with your best guess for the final sale price 3. Optional: add 1โ2 sentences explaining your logic 4. Closest guess wins the round ๐ Todayโs Deal: a REAL Closed Transaction Asset Type: Charged-Off, Non-Performing 2nd Mortgage HELOC (Junior Lien, NPL) Sale Date: 12/26/2023 Property Type: Single Family Home Location: Fort Washington, MD 20744 - Prince Georgeโs County Property Fair Market Value: $424,500 1st Mortgage Payoff (Current Senior Lien): $175,608.46 2nd Mortgage (Unpaid Principal Balance, "UPB"): $60,449.90 Status Notes: โข Subject asset is a Non-Performing Junior Lien โข Charged off by the bank on 11/02/2022 โข Subject Junior lien is behind a Current Senior (1st mortgage) โข Sold to a member of the Mastermind Accelerator on 12/26/2023 in a package of 3 assets What do you think this note actually sold for? Leave your guess down below!