Maryland Governor Larry Hogan signed a fast-track foreclosure law that will expedite the foreclosure process with the intent to reduce community blight, following the footsteps of a similar bill in Ohio. This bill could be the push other states need to move forward with their own fast track foreclosure bills. We hear from industry experts on the impact this bill may have. Source: Maryland Gov. Signs Fast-Track Foreclosure Bill - theMReport.com Posted By Brianna Gilpin On May 25, 2017 … [Read more...]
The Cost of Fighting Community Blight – DSNews
A new white paper examines what steps property owners and policymakers can take to prevent the unwanted effects of vacant and abandoned properties. Source: The Cost of Fighting Community Blight - DSNews Posted By Brian Honea On January 16, 2017 … [Read more...]
Fannie Mae Sheds 3,400 Delinquent Loans in NPL Sale – DSNews
After nearly a month of marketing, Fannie Mae has sold off more nonperforming loans totaling $581 million in unpaid principal balance. This is the company’s 10th nonperforming loan sale to date. In a continued effort to reduce the number of delinquent loans in its portfolio, the lender has unloaded about 3,400 notes. Source: Fannie Mae Sheds 3,400 Delinquent Loans in NPL Sale - DSNews Posted By Staff Writer On June 9, 2017 … [Read more...]
Payment Histories Increase Note Values
Want top dollar when selling mortgage notes? Increase the value with payment histories! Keeping an accurate record of the payments received on a mortgage note is essential for knowing how much the buyer still owes. This also establishes a record of their payment habits - with an added benefit. The value of a note can be improved by presenting note buyers a verifiable payment history! There are two main ways to keep track of payments on seller-financed mortgage notes: 1) outside … [Read more...]
Why Sell My Mortgage Note?
Accepting payments on the sale of real estate might have made sense at the time, but circumstances change. Many sellers discover they would now prefer cash today rather than the small amount that trickles in each month. Here are just a few reasons people have sold all or part of their seller financed mortgage notes for cash: … [Read more...]
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