What is a Trust Deed Foreclosure?
Trust Deed foreclosure is different than that of a mortgage foreclosure because there are no courts involved. Simply put, most investors refer to trust deed foreclosure as a third party action. Investors use different terms when dealing with a trust deed foreclosure. The borrower is called the trustor, the lender is called the beneficiary, and the third party representative (the one who is holding the title) is called the trustee. The trustee, who represents the lender or beneficiary, is brought on for the sole purpose of holding the title of the property as a security measure against the debt.
Read More >>>What is an ‘Accredited Investor’
For persons resident in the United States, only “accredited investors” as defined in Rule 501 of Regulation D of the Securities Act of 1933, as amended (the “Securities Act”), with a valid User ID and password, are authorized to access such services and web pages (such persons being (“Accredited Investors”)).
Read More >>>What is Crowdfunding
Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people, today often performed via internet-mediated registries, but the concept can also be executed through mail-order subscriptions, benefit events, and other methods.Crowdfunding is a form of alternative financing which has emerged outside of the traditional financial system.
Read More >>>What is Foreclosure?
Foreclosure is to shut out, to bar, to extinguish a mortgagor’s right of redeeming a mortgaged estate. It is a termination of all rights of the homeowner covered by a mortgage. Foreclosure is a process in which the estate becomes the absolute property of the lending institution.
Read More >>>What is Mortgage Foreclosure?
Mortgage foreclosure simply means the deed can only be foreclosed through court action. Mortgage foreclosure is usually referred to as a judicial foreclosure. A mortgage is a security document that allows the borrower to keep title of the property while using the property as security or collateral for a loan. The lender then places a lien on the property in the event the owner does not pay the agreed payment. When the borrower pays off the loan, the lender gives the borrower a satisfaction of mortgage that removes the lien from the property. About half the states in the U.S. use mortgage foreclosure as the means of satisfying the loan balance.
Read More >>>What is Transactional Funding?
Transactional Funding simply put is where a buyer uses funds (wet funds) for a short amount of time, usually 24 hours our less, to facilitate a transaction. More and more investors are using transactional funding for short sale and REO flips because the fees are usually lower, there’s never any risk to their credit and there’s not as much red tape because they’re not qualifying for a loan.
Read More >>>Where can you find foreclosure properties?
There are a plethora of places to look when you want to find foreclosure properties. The key is finding them before someone else does. You can find foreclosure properties on the web, newspapers, lis pendens lists, seminars, direct mail, word of mouth, friends, real estate agents, real estate offices, and lending institutions just to name a few.
Read More >>>Working with a Commercial Mortgage Banker
Frequently Asked Questions about working with a Commercial Mortgage Banker
Read More >>>Topics
FAQ Flipping House LoansRecent Entries
TOOLS
- Rehab Profitability Analysis Calculator
- Max RE Mortgage Calculator
- Mortgage Payment Calculator
- Credit Score Estimator
Allied Capital Advisers
