Default Strategies Part 1: The Value of Proactive Loan Servicing

January 26, 2023 00:28:02
Default Strategies Part 1: The Value of Proactive Loan Servicing
Deeds in the Desert
Default Strategies Part 1: The Value of Proactive Loan Servicing

Jan 26 2023 | 00:28:02

/

Show Notes

Find out what a Technical Default is and how it is handled. Carrie Cook and Pat Vassar discuss the initial steps of how Ignite Funding handles defaults. Part 1 of a 4-part series of the steps Ignite Funding takes during defaults. 

Timecodes:

1:50 Technical Defaults & Forbearance Agreements

4:40 Inherent Risk- Borrower doesn’t make interest payment

5:35 WHY we visit our properties

10:00 Reasons there would be a slowdown in movement

12:00 Property Example and steps taken

19:00 Borrower hasn’t made interest payment... what’s next?

23:00 Check and Verify Time


Did you enjoy the episode? Make sure to follow the podcast and turn on notifications to get notified when a new episode is posted. Follow us on social media:

-Instagram -Twitter -LinkedIn -Facebook -YouTube -TikTok

Visit our website!

Schedule a free Investor Consultation

Download FREE 8 Steps to Trust Deed Investing Whitepaper

Disclaimer:

Ignite Funding, LLC | NVMBL #311 | AZ CMB-0932150 | | Money invested through a mortgage broker is not guaranteed to earn any interest and is not insured. Prior to investing, investors must be provided applicable disclosure documents.

Other Episodes

Episode

November 17, 2022 00:15:22
Episode Cover

Trust Deed VS Real Estate Investment Trusts (REITs)

Howard Robbins, Business Development Executive, discusses the 4 main differences between a Trust Deed and REIT. Topics in this episode: Liquidity Ability to diversify...

Listen

Episode

April 30, 2024 00:15:48
Episode Cover

Meet our Borrower: Trust Home Builders

Pat Vassar, Director of Underwriting, sits down with Michael Johnson, the broker and owner of Trust Home Builders. Since 2023, Trust Home Builders has...

Listen

Episode

December 01, 2023 00:26:15
Episode Cover

New Investment Opportunity: Rhino Grimes

In this episode of "Deeds in the Desert," host Pat Vassar engages in a compelling conversation with Sanjiv Chopra about the exciting new investment...

Listen