Cody Anderson
Make Participation Mortgages Great Again
7 July 2024 | 2 replies
They seem, at the surface, to be a logical instrument for long term incentive alignment, especially in today's market.
Lucas Cookson
Help me understand this letter from ReconTrust
7 July 2024 | 6 replies
The letter states the following:FULL RECONVEYANCEWHEREAS, John Smith, is the Trustor, Bank of America, N.A, is the current Beneficiary and ReconTrust Company is the current Trustee under that certain Deed of Trust dated XX/XX/20XX, and recorded on XX/XX/20XX as Instrument or Document No.
Chris Seveney
This Blows My Mind For Those Acting A A Lender
12 July 2024 | 40 replies
I don't believe they use any security instrument.
Sean Leonard
Looking to find information on Tax Lien investing - Ohio or Pennsylvania
2 July 2024 | 10 replies
I'm not endorsing his products, or encouraging anyone to buy anything, just making information available to fellow board members that may be in the same predicament I am (trying to learn about a process that is very complicated; is county and state specific; and information is not readily available on the internet without weeding through scammers, or high-priced gurus... or individually calling each county treasurer's office...I also came across a website: **********This is a searchable database/auction platform with both tax liens (under financial instruments) and tax deed auctions, with a calendar of upcoming auctions.
Giles D.
Syndication deals gone sour and the GP is now radio silent! What can I do?
28 June 2024 | 100 replies
The OP has options up to and including contacting financial attorneys and instruments regulators such as the SEC.
John Wallace
Current DSCR rates? Who's got the best program?
24 June 2024 | 8 replies
This means they are bundled together and turned into bonds, financial instruments that pay out interest (yield) to investors looking for a steady, fixed return.
Scott Eranio
Looking for advice on planned move
22 June 2024 | 8 replies
You mentioned the semiconductor chip factories in Sherman and Denison (suburbs of Dallas), and I'm assuming you're referring to Texas Instruments building out and renovating new semiconductor fabrication factories, which is absolutely true.
Theo Naqvi
Newbie Question: Mortgage Note Investing in the UK - Is it possible?
19 June 2024 | 5 replies
Is this market accessible for the average investor in the UK, or is it exclusively banks and hedge funds who buy/sell these sorts of instruments?
Gary Neely
Seller Financing Contract
19 June 2024 | 12 replies
From there while you are in escrow you'll need to have an attorney draft the promissory note and mortgage instrument.
Daniel Colon
Lender won't let me move the property to my LLC
19 June 2024 | 32 replies
Both FNMA and FHLMC permit this, under the following circumstances: Notes: For all such transfers affecting mortgage loans purchased or securitized by Fannie Mae on or after June 1, 2016, the transferee is not required to occupy the propertya limited liability company (LLC), provided thatthe mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.Citation: D1-4.1-02: Allowable Exemptions Due to the Type of Transfer (04/13/2022)Now, you will still have the Note and reporting in your name individually and will still be personally responsible for the mortgage and most likely, the manner of transfer will enable any litigant to pierce the veil of your LLC, but you'll have what you wanted, for whatever reason.