Sherman Arnowitz
To Service Or Not To Service?
20 August 2024 | 2 replies
This can be an extremely time-consuming and frustrating process but needs to get done.Borrower Calls – Once the servicer finds your borrower, they’ll make scheduled collection calls notating what transpired and what actions need to be taken.Collection Letters – A variety of collection letters are mailed out based on the delinquency of the borrower.Borrower Statements – Print and mail out monthly borrower statements.Incoming Funds from Borrowers– Any incoming funds from the borrowers will be received, recorded, and distributed to the investor, less the servicer’s fees.Year-End Tax Information – At the end of the year, the servicing company will print out all eligible borrowers who have made interest payments greater than $600.
Account Closed
Vice President Harris Announces Economic Agenda
21 August 2024 | 182 replies
The Fed did not cause housing affordability the government did by printing $7T.
Vitali Ganon
Real Estate Investor in Jacksonville, Florida, Looking to Build a Professional Team!
21 August 2024 | 5 replies
Why do you think purchase contracts are so long and have such small print?
Sean Spagnola
Rochester NY Property Management
20 August 2024 | 4 replies
Why do you think purchase contracts are so long and have such small print?
Chris Allen
Are Loan rates so bad that a first time STR buyer really should steer clear?
21 August 2024 | 26 replies
As Russel noted, this is all considerably due to the dollar losing its value—aka, this Country likes to print money!
Greg Friedman
Hiring a property manager vs doing it myself
20 August 2024 | 21 replies
Some property managers charge a months rent just to renew the client so read the fine print.
Steven Westlake
Event hall as a rental ????
20 August 2024 | 64 replies
It had this printed in it “A great opportunity to purchase a property with unlimited potential.
Jason Redeker
Aven HELOC card/general HELOCs
16 August 2024 | 14 replies
I've read that they take a security interest in your home and their fine print says they can call the amount at any time (though I'm sure other loans may say the same).
Cooper B.
Clarification on Right of Redemption in Alabama
20 August 2024 | 50 replies
In followup to the part in bold above, are these investors purchasing the right of redemption from the foreclosed party in order to exercise that right to "snatch" another investor's deal?