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.
Meet Ignite Fundings newest borrower, Hillwood Homes. Sidney Allsop, Co- Owner of Hillwood Homes, joins Pat Vassar, Director of Underwriting, to discuss homebuilding in...
Part 3 of 4 | Carrie Cook, President of Ignite Funding, and Pat Vassar, Director of Underwriting, discuss commercial vs residential loans funded by...
Join us for an exciting episode of "Meet Our Borrower" as Pat Vassar, Director of Underwriting, sits down with Matt Meisner, the owner of...
