How successful note buyers keep deals moving from inquiry to closing. Where do you think note deals can stall out? Is it during due diligence, while trying to collect all the necessary documents for underwriting? Is it during a Purchaser Interview? Is it BPO or title? Maybe it's when the seller realizes the note can't be purchased for 100% of the unpaid balance? While … [Read more...] about Strategies to Help Close Deals
Lessons from Getting My MLO
Traditional mortgage providers take compliance and the ability to repay seriously — you should too. Recently, I took and passed the SAFE Mortgage Loan Originator (MLO) Test. Included in that test is a required 20-hour NMLS pre-licensing education (along with your state's required education). It was eye-opening. Working our quoting desk for the last three years, … [Read more...] about Lessons from Getting My MLO
Note Investing Red Flags: What to Watch Before You Buy
Note investing offers the potential for consistent cash flow and long-term returns—but only when deals are properly vetted. Performing or non-performing notes, overlooking key warning signs, can quickly turn a promising investment into a costly problem. The good news is that most bad deals leave clues. Detecting Note Investing Red Flags As a Note Buyer (or Broker), … [Read more...] about Note Investing Red Flags: What to Watch Before You Buy
Balloon Payments in Mortgage Notes: What Note Investors Need to Know
When evaluating mortgage notes, one term that comes up but isn't always fully understood is the balloon payment. For note creators and investors, this feature can significantly impact both risk and return. Whether you're new to note investing or expanding your portfolio, understanding how balloon payments work is essential to making informed decisions. What Is a Balloon … [Read more...] about Balloon Payments in Mortgage Notes: What Note Investors Need to Know
Unraveling Title Insurance: What Note Buyers Need to Know
Most of us have heard of title insurance. You probably noticed it on your closing statement when you purchased a home with a traditional mortgage. Or maybe it came up when you created or purchased a seller-financed note. Title insurance is there to protect the chain of ownership, leading to the mindset of "if there's title insurance, I'm covered." But when it comes to … [Read more...] about Unraveling Title Insurance: What Note Buyers Need to Know
