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Updated over 4 years ago on . Most recent reply

Kevin Hoodwin's profile image
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Kevin Hoodwin
  • from Dallas Fort-Worth
  • Member since Apr 13, 2019
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Kevin Hoodwin's profile image
Kevin Hoodwin's profile image
Kevin Hoodwin
  • from Dallas Fort-Worth
  • Member since Apr 13, 2019
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Kevin Hoodwin
  • Dallas Fort-Worth
33
Votes |
64
Posts
Tax Liens & Mortgage Notes

Negotiating Non Preforming Loan Modification

Kevin Hoodwin
  • Dallas Fort-Worth
Posted

Howdy y'all,

I was curious how the community negotiates and communicates with distressed note homeowners.  Do you use a servicer, lawyer, yourself, etc... to communicate with these homeowners?  I appreciate the assistance.

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Alecia Bolton's profile image
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Alecia Bolton
  • Investor
  • from Seatac, WA
  • Member since May 23, 2017
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Alecia Bolton's profile image
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Alecia Bolton
  • Investor
  • from Seatac, WA
  • Member since May 23, 2017
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Alecia Bolton
  • Investor
  • Seatac, WA
119
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132
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Alecia Bolton
  • Investor
  • Seatac, WA
Replied

Servicer and lawyers.  I'm a big fan of delegation...and each state has separate laws that I don't want to learn.  I'll leave it to the professional to not say things that will screw me up.  The only time I talk to the borrower is if it's a lease option.

  • Alecia Bolton
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