Chris Pohlson
Help with pre-foreclosure direct mail
Specifically I'm looking for information on the pros and cons of the loan modification process. I sent my first direct mail piece to a home owner that is in pre-foreclosure. She called me today and was interested in...
Matt Liu
How to record a mortgage change
If I record a mortgage with the county (private lender) and then we decide to increase the mortgage amount, do I have to record a whole new mortgage doc with the county? Or is there a way to replace the first page?...
Account Closed
MLO required for NPN workout?
If I purchase a non performing note and work with the homeowner on a loan modification do I have to go through a MLO?
James Schiller
?Modifying your second lien and getting qualified for a home loan modification
Often time, prospective home-buyers become homeowners by securing a secured mortgage loan in the first instance and then subordinate them with a second mortgage loan, often known as the home equity loan. Due to the...
Shaun Moore
Tenant is Marrying Someone with Special Needs Child and Moving In
I have a tenant in a single family home that has been there for a while. He has notified me that he is getting married next month and his wife has a child with special needs. The child requires a machine to breathe, w...
Jon Quigley
handicap issue
Hello I know it is illegal to discriminate against disabled folks. But one question - if we accept a disabled person (which I'm glad to do) does this implicitly mean by law we have to prep the property to be wheelcha...
Darien Gipson
Marketing to homeowners w/ Loan Modification or Bankruptcy
I'd like to start a direct mail campaign that targets homeowners in bankruptcy or have recently had a loan modification. Currently my focus has been primarily absentee owners and a few probates. But I'd like to focus ...
James R.
Loan Approval with Conditions/ Letter of Explanation HELP!
Hi All,I'm a first time home buyer and received a home loan approval with conditions this past weekend! I need advise how to do a letter of explanation explaining that I helped my parents refinance their house 9 years...
Barry Ratliff
Can seller finance loan terms be extended past balloon date?
I carry the note on single family home that their 3yr balloon term is coming up. They need more time to get qualified to pay off note. Can that note be extended for 1 year at same terms or do i need to "refi" for 1 y...
Sandy Peters
Home Loan Preservation company
I just attended a 1 1/2 hour spiel at the local library from this loan modification company called Home Loan Preservation(HLP). Having just heard Obama's "plan" I was curious to hear what they had to say. Anyone kno...