My company has bought and resold hundreds of bank-distressed (REO) properties over the last several years. We have purchased even more non-performing or defaulted notes. Although many times it’s possible to modify the terms and keep the borrowers in the home (when buying the loan), many times we have to take back the property through a Deed-In-Lieu or outright … [Read more...] about De Stress of Distressed Properties and Defaulted Notes
note default
Verify Taxes and Insurance
Worried the buyer won’t make payments? Understandably, this is a common concern by sellers using owner financing. After all, an owner financed note is one of the seller’s most valuable assets. Unfortunately so many sellers fail to protect their asset when it comes to verifying current property insurance and taxes. … [Read more...] about Verify Taxes and Insurance
