Sam Chainani
Buying defaulted mortgage notes directly from banks
14 December 2024 | 41 replies
I can see where the bank may be unwilling to make a loan to this particular borrower, or that this borrower may be unable to find anyone to finance them, but financing the purchase of a note is possible.The borrower has no ability to allow or disallow the sale of the note that's backed with their loan.
NA Hirsch
Soft Pull Credit Report
13 December 2024 | 3 replies
Quote from @NA Hirsch: What service do you recommend for doing a soft pull on a potential borrower's credit?
Elliot Tan
Can you assume a VA loan with an entity?
13 December 2024 | 2 replies
VA loans are typically meant for individual borrowers, not businesses or entities.
Robby Sanchez
stupid question time!
14 December 2024 | 3 replies
We have bought loans like this from existing lender as well as refinanced borrowers into a new IO loan.
Ian Stuart
AMA - Agency Multifamily Debt (Freddie Mac & Fannie Mae)
4 December 2024 | 2 replies
IE - it's more a question of borrower pedigree, not necessarily loan size.
Armando Carrera
What ever happened to...?
12 December 2024 | 1 reply
Cost of borrowing goes way down when no one wants to borrow like in a bad economy.
Matthew Kwan
Rates being the FULL STORY?
8 December 2024 | 1 reply
If the borrower is seeking a construction loan, I would say loan administration is of utmost importance.
Travis Mullenix
Aloha Capital Reviews?
13 December 2024 | 23 replies
Meaning if the borrower stops making their payments the investor can lose all of their investment.
Ryan Dunn
Unexpected Rate Increase on BRRRR Loan – Is This Normal?
10 December 2024 | 36 replies
And some of these left HML in a tight spot borrowers could not access their draw money.. this happened just recently to Fund that Flip.. and their borrowers I know i got a call from one of them that was owed 300k in draws that was not coming.
Sam Lewis
Why would hard money lenders trust someone they don't know?
2 December 2024 | 10 replies
The experience and assets of the borrower are also part of the due diligence review.