Chris Seveney
States with Borrower Assistance
As a holder of paper in over 30 states, I was curious if others have seen borrowers who were delinquent apply for any assistanceI have had about 1/2 dozen borrowers in pennsylvania request it and have attempted to get...
Michael Alexander
Exploring Lending Options for Short-Term Rental Owners Based on Booking Revenue
Short-term rentals have become a lucrative venture for many property owners, offering a flexible income stream. However, accessing traditional loans can be challenging, especially if personal credit history isn’t favo...
Ryan Thomson
House Hack Without a Downpayment
CHFA Down Payment Assistance: What You Need to Know
For many Coloradans, buying a home may seem out of reach due to the high costs associated with a down payment. Fortunately, the Colorado Housing and Finance Autho...
Bob Malecki
State/Fed regs on contacting borrowers
This question popped up in a conversation I had with a fellow note buyer today. We are buying 1st position NPLs mainly in the southeastern US and all loans are boarded with FCI who has the proper licensing required. I...
Michael Masters
COVID-19 and Your Lender's Response
Below is what I've seen from Freddie Mac where I got my loan. Please note that "borrowers are eligible for forbearance regardless of whether their property is owner occupied, a second home or an investment property."...
Cynthia Leite
Hard money and or private money loans
Does anyone have a sample HML or PML form that you have used that you can share?
Ken Sanders
Limits by Bank on Seller Assisted Closing Costs?
I'm selling a house right now for $294k with a $10k seller assist.
The agreement states:
SELLER ASSIST - Seller will pay $10,000 toward Buyer's costs, as permitted by the mortgage lender, if any. Seller is only obli...
Bob Malecki
Treasury to Provide More Hardest Hit Funding Thru 2020
The U.S. Department of Treasury announced on Friday that it would provide up to $2 billion in additional Troubled Asset Relief Program (TARP) funds for the Hardest Hit Fund (HHF) program to put toward assisting strugg...
Mike Schorah
What’s the most creative strategy you’ve seen to buy a house?
In Gary Keller’s book, Shift, he lists 25 creative options that are most common, but barely scratch the surface:- Seller Contributions- Seller-Funded Permanent Buydown- Seller-Funded Temporary Buydown- Owner Financing...
Arshiya Taami
what are some well known firms that offer bridge loans?
I am planning on purchasing a profitable business with its real estate included in florida and the dscr is 1.85. the problem is im just short of 600k for the down payment. that being said, can anyone provide me any re...