To Service or Not to Service
In the world of distressed second mortgages, we use servicing companies for two main reasons. The first is for “insurance reasons” (I’ll explain later) and the second is for “convenie...

I am currently purchasing a property that has a Freddie Mac loan assumption available with 4.82% rate, 9 years remaining and 30 years amortization. The income and LTV can cover another 2nd loan as well. I am wondering...

Do all non-performing notes have to be boarded with a servicer BEFORE they are worked out?  The non-performing notes have some of the highest monthly fees. (usually around $30/month)  For non-performing loans which ma...

The Coronavirus Meltdown
The current Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing issue centers ar...

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...

Hello,We are trying to refinance however, lenders are asking that we request a payoff or subordination of a lien held by HUD. We would like to know if you would recommend that we challenge the lien based on the follow...

Response to Proposed Regulatory Prudential Standards for Non-Bank Mortgage Servicers Response prepared by Rishel Consulting Group – a consultancy for chattel lendersRishel Consulting Group is a nationwide consultancy ...

Heres the situation:

The house is owned free and clear

Seller is motivated but not desperate. It was listed on MLS and didn't sell.

ARV: $150k

Rehab est: 20k

My cash offer: 80k

I...

I have a question for investors who are experienced in both "Subject To" and "Wraparound Mortgage" deals.

I have a guy who wants to mentor me in the following investing strategy:

- Put a house under contract for a ...