Adrian Zamora
Negotiating with the borrowers
Hello BP,If I have a non performing 1st lien note, may I contact the borrower to negotiate a payment plan or workout plan without having a mortgage broker license? Would I be able to change the terms of the original c...
Lucien Perreault
Here to help other military members
To all veterans and active duty. I'm here to help you unlock the potential of the greatest perk you get from your military service which is the VA loan. I am not an agent, lender, or broker, I am just an active duty s...
John Wood
Why do Banks Buy Mortgages in Bankruptcy
I am looking at a property that has been tied up in a chapter 7 bankruptcy for a couple years. The property value is likely below the debt against the property. It appears that Seterus bank took the mortgage as the ow...
Jonathan Escobar
How to qualify for a VA loan
I'm just curious about this. I don't know anything about VA loans because I don't qualify. Would anyone RECOMMEND joining the military for the minimal time JUST to qualify for VA loans? What are the minimum requiremen...
Glenn N.
Small business software for Lenders
What would be considered the easiest program for small hard money lenders to use to track loans and history and sending out 1098 's? Im a small lender.
Mitch Miller
Servicers fees for Notes
I am looking into purchasing notes but all the servicers of notes seem to charge 30 bucks a month. Most of the notes I’m looking at have payments of around $300. My question is is this normal and should I keep lookin...
Tyler Mutch
Where are people buying notes today?
Hello All,
I have recently struck up an interest in notes, and heard of FCI exchange, but they appear to no longer be in business. I then ran across paper stac and was wondering if someone had thoughts on them? I ...
Dennis Weber
FCI Exchange Questions
On FCI's Diamond notes (the one's that they service), does one assume that a workout was unsuccessful and that FC is the only exit strategy?Also, is minimum offer really the minimum? Some notes seem overpriced.
Michael Morrongiello
Any Easy way to Get ESCROW Impound Funds BACK - when SUBJECT 2 Loan is paid off ???
BACKGROUND: Bought a property SUBJECT 2 an existing 1st lien (lets say serviced by Shellpoint) years ago. Loan is NOT in our name but in the name of the original borrowers. This account includes ESCROW IMPOUNDS being...
Dyrol Harding
Locate a note holder
I am trying to locate the note holder for the first mortgage of a property being serviced by Caliber Home Loan, formerly Vericrest Financial. The property is located in Brooklyn NY. Can anyone offer help on this? T...