Derek Sziga
First Loan gets reassigned/sold years later. Is it still senior?
Hello everyone,In the case of a sherrif sale. If the primary mortgage ends up being "reassinged" years later to a different mortgage company, does that loan still remain its seniority?Situation - Loan for 220k in 2004...
Bob Malecki
Licensing requirement for Georgia note investing?
As I understand it a license is required to buy residential mortgage notes in the state of Georgia and I'm posting to see if anyone has specific info on this or links to article that provide the requirements. Perhaps ...
Bac Nguyen
FCI Servicer New Low ...
I have used FCI servicer in CA for the last three years to servicing my 2nd loans. Well, as you might already know (if you investing in NPN) that no servicer is perfect which I am OK with. In 2014, I have a 2nd loan ...
Kenneth Ryan
Has anyone used agency financing? (i.e. Fannie, Freddie, FHA)
Reposting from Multi-Family and Apartment Investing Forums.....Does anyone have experience with agency lending that can provide insight into this type of debt? What was your experience with attaining this financing? E...
Jacqueline Gardiner
Terms for selling a lot with owner-financing
Hello BP members!I have a 2 ac. lot for sale in CA ($110K value). I stated in the advertisement that I would consider owner-financing because the lot is in an area where lot sales have been very slow for years. I have...
Josh P.
Quick Question about the 50% rule.
When I'm using it to figure my monthly payment and therefore the max I should pay for a property, am I to go by the monthly payment amount for a 15 year or a thirty year mortgage?
Jason Fuentes
Reviewing Collateral
I working on closing my 1st note and wanted to reach out to the great folks of this forums for what to look for when reviewing files. I actually have a professional service reviewing the mortgage files but the seller...
Annette Barnett
Getting confused about DSCR & commercial loans
Hi again,
Under contract to sell SF home - closing on Sept 7th, 1031 clocks start ticking to identify and purchase multi-family property.
I'm starting to reach out to a number of you (lenders) who have responded ...
Brian Gibbons
Big Changes Come to Rural Housing Program
An agency within the Department of Agriculture that promotes housing in rural areas is revamping its loan guarantee program to make it more attractive to lenders.Originating loans through the Rural Housing service has...
Albert Bui
First Lien Strategy - All In One loan is now avail for investment
Great news is that the AIO or all in one loan is now available for investment properties. So for those folks who are interested in utilizing the first lien heloc strategy to speed up the mortgage acceleration process ...