The following information is intended for Jr. Liens Co-Invest Group members only. By clicking the links herein you will be taken to protected content. If you do not have the correct membership level you will not be able to view this content. Please contact the administrator if you believe you have received this message in error.
Audio Stream Only
Here you can play the audio, if you prefer.
Downloads…
Conference Call Notes:
Announcements
-
Happy Birthday to Aaron Halderman!
-
Upcoming Events
-
What: Max ROI with Jr. Liens Workshop
-
When: October 23-24th
-
Where: Hilton Mission Bay Resort & Spa (The NIS 2015 Summit will also be hosted at this location)
-
RSVP – Click here to register
-
-
Skip Tracing Updates
-
How to request a comprehensive borrower report
Open Q&A on Skip Tracing
-
Will this be a recurring service?
Saprina Allen – Skip Tracing Checklist
-
Overview of Skip Tracing the borrower and property
-
Pulling credit reports
-
How often to pull these reports
-
-
Requesting and reviewing collection notes from the servicer (Where has the loan been and where is it going)
Saprina Allen – Recording your Assignment of Mortgage
-
Don’t sit on your notes without recording these notes
-
After receiving your collateral package – sending out a welcome package
Kimberly Fawcett – Case Study review with Saprina Allen
-
Why she needs to do a Door Knock
-
Breach Letter needs to be sent
-
Difference between an “Internal Breach Letter” and an “Attorney Breach Letter”
Travis Tollestrup – Case Study review with Saprina Allen
-
Strategy for borrowers requesting a loan payoff
-
Pitfalls in terms of structuring a note
-
How to properly counter borrowers who are resistant
-
Forbearance agreements – structuring for a future sale
-
Discounted payoff clause
Open Q&A