Default Strategies Part 3: Foreclosure Process

Part 3/4 in the Default Strategies Series! Carrie Cook, President of Ignite Funding, and Misty Bethany, Chief Compliance Officer, discuss what happens after the Notice of Default has been filed, the execution of the Foreclosure Process, and what they do to protect the investors at Ignite funding. For more information read our Default Guidebook or visit our Investor Loan Services page on our website.

Time Codes:

2:40 Judicial State vs. Non- Judicial State 

6:30 Default Portal on our Website

10:02 Balloting Investors vs. Filing NOD

17:30 Loan Modification

21:15 Loan Forbearance

21:55 What is a Deed and Lieu

25:45 Default Expenses

34:40 Lift stay

35:50 Borrower Default example

49:13 Investor FAQ’s

55:00 Postponement of the foreclosure

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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.