Category: Business

Next Tuesday (June 9th) we will be releasing a new portfolio!

This will be a mixed-batch of

  • Early Stage Non-Performers
  • Late Stage Foreclosure Non-Performers
  • Active Payment Plan Re-Performers
  • Active BK-13 Performers


Please look out for our email next week when the portfolio becomes available, at which time the spreadsheet will be updated on our Portfolio Stratification page.

If you have not completed our NDA, SIGNUP HERE to receive access and email notification as soon as the portfolio is released.

Real estate concept,Customer signing contract about home loan ag

In March 2020 when the coronavirus “stay-at-home” and “shelter-in-place” orders originated,  Fannie Mae, Freddie Mac and HUD announced they would postpone all evictions for 60 days.

It is now mid-May and unfortunately many American’s are still unable to return to work. The future of the economy is uncertain while some states are continuing the stay at home orders.

“Today, to help borrowers and renters who are at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac are extending their moratorium on foreclosures and evictions until at least June 30, 2020”, the The Federal Housing Finance Agency announced.

The FHA also introduced another repayment option for homeowners deferring loans due to coronavirus. With the new option, payments will be paused for 180 days, with an option of an additional 180 days after the initial period ends. The total deferred amount will be due at the end of the loan all at once. For example, if it is a 30 year loan the term will remain only 30 years, then the 180 or 360 day deferred payment will all be due at the end of the 30-year period.

More than 8.1 million borrowers have an FHA-backed mortgage.

We are excited to announce the launch of our new portfolio.

On May 13th we released a portfolio of 65 assets containing Non-performing, Re-performing and REO. The performance levels of these assets are going to range between recently defaulted mortgages 30, 60, 90 days behind on their payments… all the way through foreclosed assets, REOs (real estate owned), meaning we have the deed in our possession that we can convey to you and your entity, and allows you to step in and begin to fix-and-flip, turn it into a rental, you deem fit what you want to do. We want to show you diversity from an investment standpoint because we don’t know your criteria. Many times you may be looking for cashflow, many times you have a contracting background and you want to get to the asset, fix-and-flip, and turn it into a rental. We want to show you this diversity.


SIGNUP HERE

or

VIEW STRAT

Chaz Guinn speaks on a panel to discuss how Covid-19 is affecting the distressed housing market.