Thank You for Contacting Us

We’ve received your message and a member of our team will be in touch soon.

Sophisticated Capital. Professional Execution.

Your Trusted Partner for Small and Large Pool Divestitures and Individual Note Sales.

In a market often crowded by brokers and middlemen, Colonial Funding Group stands apart as a direct, well-capitalized principal buyer. We specialize in the acquisition of residential debt, bringing decades of combined experience in underwriting, valuation, and asset management to every transaction.

Our reputation is built on transparency and reliability. We understand that for our sellers, certainty of close is just as critical as the purchase price. We leverage proprietary valuation models and deep market insights to provide fair, data-driven offers without the typical “re-trading” or delays found elsewhere in the industry. When we commit to a file, we close.

Eddie Speed

President/CEO

Eddie Speed, a pioneering force in the seller financing and non-performing note industry since 1980, brings unparalleled expertise to his role as President of Colonial Funding Group LLC. His contributions include:

Introducing innovative strategies that have shaped the modern note industry
Founding NoteSchool, a highly recognized training company for buying performing and non-performing discounted mortgage notes
Leading Colonial Funding Group LLC in acquiring and brokering discounted real estate secured notes
Serving as a principal in Private Equity funds that acquire bulk note portfolios

With over four decades of experience, Eddie’s visionary leadership has positioned Colonial Funding Group to capitalize on the opportunities in today’s dynamic real estate market. His expertise encompasses:

Identifying and evaluating lucrative note buying opportunities
Developing cutting-edge strategies for note acquisition and management
Mentoring professionals in the intricacies of the note business
Adapting to market shifts to maintain a competitive edge in note buying

Eddie’s longstanding industry presence and innovative approach continue to drive Colonial Funding Group’s success in the note buying arena.



Susan DeLaGarza

Chief of Staff

Susan D. DeLaGarza, a veteran of the mortgage industry since 1984, is a cornerstone of Colonial Funding Group’s note buying process. Her extensive experience includes:

Loan processing and closing management
Credit analysis and appraisal review
Collections and real estate law

Joining Colonial in 1993, Susan has become an industry-recognized expert in:

Managing the entire note buying process from marketing to closing
Overseeing individual and small portfolio note acquisitions
Streamlining the hand-off of purchased notes

Susan’s reputation as one of the most knowledgeable and capable closers in the seller-financed note industry makes her an invaluable asset to Colonial Funding Group’s operations.



Michael Barry

Advisory Board

Michael Barry is a seasoned real estate and mortgage executive with more than 20 years of experience spanning the full property and lending lifecycle—from rehabilitation and origination through servicing, default management, and asset disposition. Known for bringing strategic clarity to complex operations, he has built a career around turning underperforming portfolios into profitable ones, scaling processes that drive efficiency and compliance, and developing high-performing teams that deliver results. His breadth of expertise encompasses acquisitions, portfolio and asset management, loss mitigation, market and credit analysis, and regulatory compliance across a wide range of lending environments including FHA, FNMA, VA, sub-prime, and Seller Finance.

A collaborative and solutions-driven leader, Michael has a proven track record of partnering with cross-functional stakeholders to close operational gaps, optimize ROI, and unlock sustainable growth. His ability to translate intricate financial and regulatory processes into clear, actionable strategies makes him an invaluable voice in the boardroom—equally fluent in the language of executives, operators, and clients. The advisory board is privileged to draw on his rare combination of transactional depth, operational acumen, and people-first leadership.



Ben Haught

Sr. Director, Trade Desk

Ben is a seasoned entrepreneur and note investing expert with over 15 years of experience building and operating a successful note business. Since purchasing his first investment property in 2000, he has developed a deep, hands-on understanding of how to acquire, structure, and manage performing and non-performing mortgage notes as a scalable business.

After leaving the corporate world in 2005 to invest full-time, Ben focused on mastering the operational side of the note industry. His experience spans deal sourcing, underwriting, transaction structuring, asset management, and portfolio performance optimization across multiple market cycles. This real-world expertise has earned him multiple industry awards and recognition as a trusted authority in the space.

What sets Ben apart is his ability to translate complex note strategies into practical business systems. As an author, speaker, and trainer, he has helped thousands of individuals across North America not just invest in notes, but build sustainable, profitable note businesses. His approach emphasizes execution, consistency, and creating long-term income through proven, time-tested strategies.

Ben is known for combining entrepreneurial insight with operational discipline, helping others understand what it truly takes to succeed in the note business.



Hudson Speed

Director, Trade Desk

Hudson Speed has worked in the note business for eight years. Working for Note School on the training side of the industry. Hudson helped real estate investors develop notes strategies and inaugurate them into their investment model. Hudson has also owned his own note portfolio and has bought, sold and traded notes using multiple financial models.

Charles Mangan

SVP, Asset Management

Charles Mangan, with a background in Real Estate Finance from the University of North Texas, brings over three decades of invaluable experience to Colonial Funding Group. His career highlights include:

Navigating the complexities of the savings and loan crisis and subsequent RTC era in the early 1980s
Playing key roles in major corporations like Southwest Savings Association, The Associates Financial Services, and MCS
Managing one of the largest real estate recovery divisions in the U.S. at The Associates Financial Services

Charles’s expertise is particularly relevant to Colonial Funding Group’s note buying operations:

Proficiency in evaluating and acquiring distressed assets
Demonstrated ability to generate significant recoveries from asset sales
Deep understanding of real estate finance and servicing
Experience in managing large-scale operations in the financial services sector

His background in handling distressed assets and generating substantial recoveries makes Charles an integral part of Colonial Funding Group’s note acquisition and management strategies. His insights help the company identify valuable opportunities in the current market landscape.



Eric Wright

VP, Asset Management

Eric Wright, with over 20 years spanning from Origination, Default Management, Acquisitions, Collateral, Post-Closing, Portfolio and Asset Management brings a wealth of unmatched experience. Known as a collaborative, energic and proven leader who consistently drives successful results.

Playing keys roles with Bank of America, Rushmore Loan Management and Rocktop Technologies:

Portfolio Due Diligence & Asset Management
Process Improvement & Development
Improves Underperforming Teams and Operations
Project, Vendor & Team Management

His Acquisition, Collateral and Post-Closing experience makes him a valuable piece of the Colonial Funding Group puzzle. He drives consistency, proficiency, and team success.

