This would be your total recoverable amount should you foreclose or should the borrower refinance or pay off the loan, assuming there is enough equity in the property to cover the total amount. 

Hello all, I am on the same page as Account Closed, so any assistance or advise would be appreciated.I'm currently producing leads for an investor that focuses on LPO's.What I'd like to see is Property owners "calling me" that are interested in doing a LP/Rnt to Own.I've gotten better at creating image Ads, however, can someone give me some constructive feedback on some of them?

At Annual meetings I always ask a couple of Homeowners in the meeting to assist with counting ballots, just so everyone is comfortable with the outcome.

if you have time and you need help getting that and the other negative off of your credit reports, give me a call or just reply here with your issues and i will do my best to assist you.

I'm a little unclear on the actual process of having the interest in these notes assigned.I know it involves an basic assignment of note, having the named-insured on the insurance policy changed, and notifying the borrower of the change.

FHA is making a come back and people are really starting to realize the benefit. 3% down, gift funds allowed, non-occupying co-borrowers and on and on.

The second option is a loan modification, where the borrower and the lender agree to new loan terms that are acceptable to both, perhaps with a lower interest rate but larger balance.

The point being that you can't borrow too much on the property or you will begin losing money.Good Luck,Mike

There is another California law that applies to any company that offers advice or assistance to consumers in credit related transactions – called CSO’s – for unsecured or secured loans.

The rub was the borrower pretended to be purchasing a home to live in and actually had no intention of living in the home.