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Updated about 6 years ago on . Most recent reply

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Michael Vaughn
  • Nebraska
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Corporate Advances/Deferred Balance

Michael Vaughn
  • Nebraska
Posted

Hey, Started to gate tapes from different sellers recently and i noticed a few columns which i'm not sure how to interpret and what is their impact - Corporate Advances/Deferred Balance, can anyone shed some light? isn't those part of the total legal balance?

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Chris Seveney
  • Investor
  • Virginia
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

@Andy Mirza

Little inside secret for all investors- ALWAYS get this info from the seller prior to loan transfer. Reason why is when it gets boarded with your servicer I have had many many instances where my servicer missed the advances because the sellers servicer May have zeroed it out in there books. I had one loan with equity that had a $40k delta.

  • Chris Seveney
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