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 10, 2022 00:15:32
Episode Cover

Rising Interest Rates: Why Ignite Funding is staying put

The Federal Reserve has been raising interest rates at a fast pace to combat inflation. Pat Vassar, Director of Underwriting, discusses the rising interest...

Listen

Episode

June 01, 2023 00:04:31
Episode Cover

LIVE at MoneyShow: Investor Testimonials Pt. 2

Izzy and Madi from Ignite Funding are LIVE at MoneyShow at the Paris Hotel in Las Vegas, NV getting Investor Testimonials! Hear firsthand what...

Listen

Episode

August 14, 2024 00:22:30
Episode Cover

Meet Our Borrower: Rhino Investments

Sanjiv Chopra, CEO of Rhino Investments, discusses his experience in the real estate space. Sanjiv has extensive experience in acquiring and leasing properties with...

Listen