UMortgage’s Post

Closed and Funded! First closing in the District of Columbia, considering I have closed in 18 different states with the help of my work colleague Anastasia Kraut. There is always a first in anything you do. This borrower came to us with a Purchase Contract that included a Time of Essence expiring in 12 days with an Earnest Money Deposit of $15,000 at risk. We were able to get a Time of Essence extension from the seller and saved our borrower from potentially losing $15,000 in this transaction. Understanding what the investor’s main goal is with a specific property and what issues need to be resolved during a transaction will always stand out between an average lender and a great lender.

Maximizing Conventional Loans for Real Estate Investing with Daniel Tanasa DSCR loans as an alternative, have less paperwork and requirements compared to conventional loans. The DSCR loan is described as a great tool with less hassle and reduced documentation needed—the benefits of DSCR loans as an alternative to conventional loans for purchasing properties. Scotty Gifford Daniel Tanasa Amber Gifford Certified Divorce Specialist, RCS-D, CDS #RealEstateInvesting #RentalProperties #BRRRRmethod #SellerFinancing #RealEstateRookie #InvestmentStrategies #HoustonRealEstate #SideHustle #PropertyPortfolio #vizard

Corinne Samler Brennan , Gregory G. Gosfield and Alexandra M. Hill will present a Pennsylvania Bar Institute CLE, “Distressed Commercial Real Estate: A Primer on Forbearance, Restructuring and Recovery,” as part of the PBI Real Estate Hot Topics Seminar on June 20, 2024. The presentation will analyze the framework and use of commercial real estate loan modifications, forbearance agreements, deeds in lieu, short sales and other options for loan workouts. It will compare the negotiation strategies of the mortgagor, mortgagee, guarantor, and rescue capital provider. It will provide examples of various provisions that the parties in interest would propose to obtain advantages as well as those to achieve compromise. Learn more and register - Link in comments! #CLE #DistressedRealEstate #CRE #CommercialRealEstate #RealEstateLaw

Pre-funding quality control (QC) is just as important if not more important than the post-closing QC process. A stong pre-close QC process will limit errors and decrease a lender’s exposure to the risk of fraud and repurchase demands. I would not be surprised to see other investors adopt stricter pre-close QC regulations. #mortgages #qualityassurance #QC

Here’s how Desiree Carter got 5 new loans in her pipeline from top 3 Realtors in just a few weeks, without making a single cold call… even though she’s a newbie starting from scratch. #mortgagemarketingcoach #mortgagemarketingcoachreviews #mortgagemarketing #successtories

📣 MINIMUM CREDIT SCORE TO BUY A HOUSE 📣 Keep in mind, it’s not just your credit score that matters. Lenders also look at your credit report. They want to see that you’ve made all your loan payments on time and haven’t had recent credit issues like bankruptcy or foreclosure. If you have any questions or want to learn more, contact #justjamie!

Learn the legal framework of Trust Deeds and how they provide a secured loan between a borrower and lender on CrowdTrustDeed. #TrustDeedBasics https://lnkd.in/eRWUpnf