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Orange County Mortgage Loan Servcing
Separating Mortgage Note Experts From Novices
When you have a promissory note, you can use the help of a court order to attach the assets of the person, who issued to promissory note, in order to collect your dues. Usually this step is taken when the debtor refuses to repay his or her dues on the note. However, what recourse does the creditor have if the debtor declares bankruptcy?When a debtor files for bankruptcy, the only recourse the creditor will have is to opt for legal action.
Discounting Promissory Notes - What Causes the Discount?
A Practical Guide to Protecting Your Promissory Note InvestmentWriting a check to invest in a promissory note begins the investing process that will provide you with future income and possibly capital gains. After your check is cashed, numerous administrative functions are necessary, on an on-going basis, to protect your investment and maximize its profitability.
Promissory Note Discounts for Estate and Gift Taxes
I know many real estate note investors wonder if using a servicer is worth the monthly fee. After all, if we could do it ourselves that would keep more money in our pockets and improve our ROI.Let's take a look at what loan servicers do and see how much you'd like to take on yourself.First of all is the simple collection of the principal and interest payments.