Derek W.
Marketing for owner carry notes
I just bought a note from a lady who sold her house and carried back the financing. The guy she sold it to never made a payment. She was too broke and didn't know how to get him to pay. I was able to discount the n...
Caroline Gerardo
Peer Street Bankruptcy
I am sorry that Brew Johnson and Brett Crosby's concept for peer to peer lending, venture capital firm Andreessen Horowitz, and all investors who provided their hard earned cash now have to wait for pennies on the...
Lynn McGeein
How to Get Mortgage Servicer to Correct Tax Escrow Account
I have a mortgage on a property recently purchased in VA. When mortgage was sold, the new servicer strangely paid out of my escrow account both my VA real estate tax on that property and paid MD real estate tax on a ...
Varinder Kumar
Notes Servicing (Sierra Crest Capital)
A friend of mine has purchased a 1st lien position performing note from https://sierracrestcapital.com. Has anyone heard of this company? and also what is their incentive to service notes. Basically my friend said Si...
Jeff Fairchild
Loan modifications
I read in a book that it can be a good idea to tell the seller all of their solutions one of which is a loan modification. It said to call their bank right on the spot and talk to them for the seller.
What experie...
Matthew Bruzek
Temporary Mortgage Freeze?
Hello! This is my first post and is just a general question. My wife and I are considering selling our current property and moving into another, but as I’m sure many of you know, those events don’t always line up perf...
Joseph Rohrer
How banks make money if they sell the loan to the 2nd market?
I have been home loan shopping and looked at a couple different banks. Ill just compare the closest two to make it simple. Bank 1..... If I buy $1620 worth of discount points I can get 3.5% on a 30 yr The main fixed c...
Bob Malecki
Looking for recommdations for note management platform
We are actively seeking a platform that will allow us to manage our notes, 3rd party vendors and outsourced virtual assistants. We currently use Basecamp and GoogleDocs, which has served just fine, but as we grow our ...
Chauncey White
Commercial loan process
The Commercial property itself for the most part qualifies for the loan vs. the fico score of the borrower with residential property.
You are able to obtain NON-recourse financing (not personally liable) for commerc...
Jim Farrell
Dodd Frank
I'm an investor new to the note side, and keep hearing "Dodd Frank". I understand that this relates to federal law passed in the last few years under the guise of "helping the consumer".It may be way too complex to a...