I started the foreclosure since the borrower stopped payment for 3 months. About 3 weeks after I recorded notice of default, the borrower requested to remove NOD because he's doing refinance and new lender wouldn't le...

Good day everyone. Here’s a quick example of a Private Money Partner funding opportunity I underwrote recently.The borrower’s exit strategy is to Wrap the property to a homestead buyer. Below are the figures:
Purchas...

Hi BP Family,I am a real estate newbie and am becoming more and more intrigued by mortgage notes. I may be displaying my ignorance here, but is there a way to BRRRR a note much like people do with physical real estate...

I made a secured loan on a house in Missouri, but borrower stopped paying. The house is newly refurbished, in a desirable area, is vacant, and is being marketed now for a tenant. New “white goods” like a range, microw...

Say that I buy a 30 year note and sell the first 10 years worth of payments as a partial to an investor. The borrower stops paying and I want to start the foreclosure process. Since the investor has partial ownership ...

What will be roughly foreclosure legal cost for lender in california? does it based on the default amount or flat fee? For example, if default loan amount is 100K, how much will the legal fee also include any cost gen...

Hi All ,I am doing some research on Trust Deed ( Performing Notes only ) and have found few providers through the reference from BP and also doing an organic search on the Internet.Have anyone used company Paper Asset...

Hi Fellow BPers,This is a success story about a non-performing note backed by a 2nd trust deed we exited this week. Here are the facts:
We purchased a non-performing 2nd from a fund in June, 2015 for $4,000The hous...

Was wondering if anyone could provide a brief summary of what all is involved when lending to a rehabber. I found one that I am interested in lending money to for his projects but do not know what all is entailed as ...

my problem is the wording when it comes to varies terms such as mortgage, deed of trust, bonds in finance, i don't know how these words are used on a contract during a real estate transaction my guess is they are used...