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 03, 2022 00:17:05
Episode Cover

Current Lending Statistics

Carrie Cook, President of Ignite Funding, and Pat Vassar, Director of Underwriting, discuss current lending stats and why Ignite Funding is lending so heavily...

Listen

Episode

January 05, 2023 00:20:26
Episode Cover

Recession Proof Real Estate: Medical Facilities and Storage Units

Join Pat Vassar, Director of Underwriting, and Carrie Cook, President of Ignite Funding, as they talk about Recession Proof Real Estate and what Ignite...

Listen

Episode

January 12, 2023 00:18:48
Episode Cover

Quarter 4 Recap and Available Investments

Pat Vassar, Director of Underwriting, gives a recap of Ignite Fundings Quarter 4 Funding Stats and current available investments. Topics Discussed: Total Amount Funded...

Listen