Virtual Online Meeting!
UCREIA MEMBERS ONLY PRIVATE LENDER BRAINSTORMING GROUP
Virtual meeting. You must pre-register to participate on zoom.
Things “go well….until they don’t”, right? Your private loan or your seller financed loan was going on fine, with on time payments, no issues. Then what IF something happens in that borrowers financial situation and they stop paying. What IF they won’t agree to cash for keys or deed in lieu of foreclosure, and you find yourself facing probable foreclosure to remedy this problem….Do you know the process of foreclosures? The estimated timeframes, costs, do you actually get the property or is it subject to a sale and you don’t get it back? Can someone out bid “the bank’s bid” (your bid)? IF there is an overbid, who gets the overage? Can you put a judgment or sue the defaulted buyer after foreclosure? Bring your questions.
Jan Horton, Attorney, Partner with Horton and Horton Law Firm in Greenville, and UCREIA Vendor, will share her experience and knowledge with us. Jan no longer does court proceedings, but she knows the process of foreclosures. Jan and her team understand investors, are very prompt with closing communications, and are easy to work with on private lending closings, etc.
Private Lenders brainstorming sessions to share ideas , paperwork, etc to become better lenders. Bring your ideas.
We will discuss various mortgages and promissory notes, specific clauses within, clauses to protect lenders, checklists to help borrowers and lender be better prepared
for closing, etc, etc, etc.