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
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.
Dawn Pitts, Business Development Executive and Pat Vassar, Director of Underwriting, debunk the top 5 misconceptions of Trust Deed Investing. Misconceptions: Trust Deeds are...
Howard Robbins, Business Development Executive, discusses the 4 main differences between a Trust Deed and REIT. Topics in this episode: Liquidity Ability to diversify...
Pat Vassar, Director of Underwriting, gives a recap of Ignite Fundings Quarter 4 Funding Stats and current available investments. Topics Discussed: Total Amount Funded...
