Hi all -

I"ve come across several seller-financed notes where the seller/note holder is "self-servicing" the note vs boarding it with a servicing platform. My initial thought is this would be a deal killer since you...

In the last 5 years, we've been sued in civil court 4 times for wrongful foreclosure for non-judicial foreclosures. These have all been meritless lawsuits meant to stop a foreclosure sale. In judicial foreclosure stat...

Question came up and curious as to how others treat this. The question came up where a lender had a property in foreclosure and it is currently uncontested as the borrower is deceased. The lender wanted to deboard the...

Hey everyone,

I’m really happy I found the BP community and have now listened to most of the podcasts and attended my first REIA meeting this week. I’m hoping to ride that wave and really get going on investing.
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CONSUMER FINANCIAL PROTECTION BUREAU EXPANDS FORECLOSURE PROTECTIONSUpdated Servicing Rule Provides Surviving Family Members and Other Homeowners with Same Protections as Original BorrowersWashington, D.C. – The Consu...

I have a rental I bough in the 90s. My first. Stable neighborhood at the time, but not anymore. We pulled money out during the boom years and the area is now severely depressed. (South end of Toledo, oh - 43609). I’m ...

I purchased 1st position note. I have hired FCI as a servicer. I just want to make sure that now I can sleep well hoping that someone else will take care of following all local/federal laws (yeah right …) in exchange ...

I was curious what percentage of note investors perform their own workouts or self-service. 1. Do you only manage the workouts or do you also service? If answer is no to both, who is your servicer and workout speciali...

Every time I read about the strategy of assuming a non-assumable mortgage alarms go off in my head. I have read the whole philosophy that banks would rather have a paying customer than foreclose. And this little vo...

I have been shopping around for lenders for a 20% down DSCR loan for a new short term rental property. One of them told me that if I close the loan directly into an LLC (which he confirmed they can do), then it won't ...