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Updated almost 7 years ago on . Most recent reply

Michael Vaughn's profile image
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Michael Vaughn
  • from Nebraska
  • Member since Jan 23, 2019

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Michael Vaughn's profile image
Michael Vaughn's profile image
Michael Vaughn
  • from Nebraska
  • Member since Jan 23, 2019
Michael Vaughn
  • Nebraska
3
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23
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Tax Liens & Mortgage Notes

Corporate Advances/Deferred Balance

Michael Vaughn
  • Nebraska
Posted

Hey, Started to gate tapes from different sellers recently and i noticed a few columns which i'm not sure how to interpret and what is their impact - Corporate Advances/Deferred Balance, can anyone shed some light? isn't those part of the total legal balance?

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Chris Seveney
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  • from Virginia
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Chris Seveney
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  • from Virginia
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Chris Seveney
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  • Virginia
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Andy Mirza

Little inside secret for all investors- ALWAYS get this info from the seller prior to loan transfer. Reason why is when it gets boarded with your servicer I have had many many instances where my servicer missed the advances because the sellers servicer May have zeroed it out in there books. I had one loan with equity that had a $40k delta.

  • Chris Seveney
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