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

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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


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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.

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