When you buy a non performing note, when you decide to foreclose, should your business be registered in that state?
@Jamie Bateman Thanks for the link. I see that it’s best to register for legality reasons.
Yes I recommend it and it is very short $ to register
It seems the way the industry is going is its best practice now to have that foreign corporation registered just in case & get a debt collector or collection agency license if needed. though there is nothing saying you can't do it in your name, and it might get around any license purposes? As always, consult with an attorney. We find ours over @ legalleague100.com, look under members & type in your state.
Christopher, thank you so much for the referral to Legal League. Seems like a solid database, looking forward to checking it out.