Hello, I'm a newbie looking to do my first house hack. I am currently shopping for lenders and have encountered some who admit up front that they would for sure sell my mortgage if I got one through them. From every...

I purchased a performing note and it looks like the borrower has not paid the property taxes in 2.5 years. How do i track this property before it hits the tax sales? Is that automatically tracked by the servicer ?

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...

Hello everyone!I'm hoping to get some help as I've been going in circles with my loan servicer (Freedom Mortgage) regarding the steps to remove PMI before two year seasoning. What has happened so far:-I purchased the ...

Hi all...I know someone who has purchased a few np-notes and he "self-service" them instead of hiring an actual servicing company. I have recommended him to use a servicing company but he says that it is NOT a law req...

Hey fellow investors,I recently purchased a note from the FCI Exchange, but come to find out there is no pay history, and FCI Services will not service a NPN without a pay history. I attempted contact the previous not...

Hi all,
My wife and I have done a live-in flip for our current home and are getting ready to move.  I talked to our loan servicer about removing PMI since we have created some substantial equity.  They agreed and wil...

Why do lenders sell mortgages?

Whether you are new to the note business or an experienced veteran, I would like to share with people some of my experiences and tasks needed to manage your servicerFirst and foremost think of your servicer as no more...

Looking to purchase NPNs 1st or 2nd in MN only. Commercial or residential. Will make a buying decision within 1 hour if you provide a title report. If you don't have a title report, we will do a title search and get b...