Updated about 7 years ago on . Most recent reply
pay2buy
Hello,
I was just checking to see if any one every heard of a pay2buy program provided by thefreshcorp company..?
Most Popular Reply
I glanced at the website because I was curious. All I can say is "What a mess".
It is not clear what the heck they are doing. On the FAQ page it seems like they are implying they are buying loans from private lenders.
So....that makes everything on their page garbage!
If you buy a loan (note and security instrument) you become the Mortgagee (Lender). A Mortgagee does NOT have a right to the property. A Mortgagee may NOT assign the property, it is not theirs to assign.
IF they are a lender, providing loans secured by real estate, they can NOT assign the property.
There is no standing for being 60 days delinquent and being able to exercise any type of foreclosure action.
There are many other points I can pick on listed on their site but that is a waste of my time.
From my vantage point, these folks do not have much of a clue of what they are talking about. I would stay away.