Here is an excerpt I found on their startup page on Angel.co:TrueAccord uses behavioral analytics and personalized messaging to get late and delinquent customers to pay up, recover and come back to being paying customers.TrueAccord automatically: - Collects publicly available data about debtors to create a rich dataset teaching the system how to approach them - Communicates with debtors via multiple channels - Uses a process designed according to latest behavioral economics research to negotiate with them and understand the root of their inability and/or lack of willingness to pay - Manages the payment process - Presents insights back to the merchantTECHNOLOGY- Complementing debtor profiles with online crawling inspired by Israeli Intelligence Forces' technology, bringing together sentiment analysis, social data and more. - First ever automated negotiations engine working on debtor objections in real time, employing behavioral economics guided U

I own properties that are both paid off and those with a mortgage. My DTI ratio can withstand multiple mortgages but I was hoping to get input as to what route to go.Ex. Would you purchase a $200k property with a cash...

All the rest are financed by the seller, private lenders, taken subject to existing debt, or through the local hard money lender who offers a landlord loan program at 9.9%, 8 year, interest only.

What many buyers do then is to ask the current owner the bank to finance them short term for 12 to 18 months and then they refi out with a new lender and retire the debt or sell the property as a yield play to a new buyer.At a 259 unit at 1,500,000 capex they are saying rehab for the units would be almost 5,800 a door.

According to the latest docket entries (as of today) it appears that the case is still pending, and the debtor has not yet appeared in court.So, as a cautionary tale, be careful about who you invest with and how.

Two questions for clarification:First, AITD suggests that there is a spread you are getting above the current monthly payments, or a spread above the existing debt, or both.

Would he place a lien on his own assets in order to enforce the guarantee due to default of the debtor?

My target market has always been the Chevy buyers and renters.I would not consider taking on the amount of debt or stretching my credit limit or buying power as much as many lesser experienced do.

I used to have a general practice (family, criminal, civil) but I have limited it since 2008 to consumer debtor bankruptcy cases.

A 5 year balloon can be okay with a buyer if they are confident that they have a value add or reposition deal where they feel confident they can retire the debt or get the balance down to so low that a higher refi rate will not kill their returns.