So my husband and I bought our first investment property in November and Chase is our servicer. We opened an LLC to transfer the deed and have been working to get a consent to transfer from Chase. I just got a respons...
I just discovered that Freddie Mac recently began allowing property title transfers to an LLC after an amendment to their servicing guidelines, effective on 10/20/2021. Until now, only Fannie had allowed LLC transfers...
I am fairly new to note investing and interested in purchasing notes. Most of the advice points to purchasing a performing note first before moving into NPLs. That makes sense and seems like a good approach to get mor...
There must be a lot of trading going on in the secondary mortgage markets, because so many of our loans have changed hands recently and it has been super annoying. For example one of them has switched several times ju...
Hi all, I know this has been covered several time, but I think this is somewhat unique so I created a new topic. I'm in the process of buying a multi-family (3 unit) property. I'm taking title to the property in my n...
I have seen a lot of posts on BP Forum regarding transferring a rental property from your personal name to an LLC and have searched the forums in the past trying to gather information. I haven't run across a post with...
After buying a Performing 1st from an online site, what is the next step? Boarding it w/ a servicer? How is that done? Does the seller overnight me the loan docs and I'm then responsible for setting up an acct w/ a se...
I see many conflicting opinions on BiggerPockets regarding forming an LLC. Specifically, the merits of a umbrella policy vs LLC protection, etc. That's not what this question is. :)Everyone always mentions the inabi...
Hello,I purchase a two notes and trying to get my notes transferred to Madison, but I am still waiting for Statebridge to get things going. Has anyone worked with them or have a contact number for someone at that off...
I have a question about loan servicing. I bought a note through FCI. A non performing note. It was being serviced by FCI. I wanted to move the servicing to Loan Servicing Center in Chowchilla CA. I get an email from s...