All Forum Posts by: Antonio C.

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Spoke to the lender about it, they said it should be ok as I didn't lie on my refi but we'll see if it makes it through underwriting first. 

Wanted to add as well, that moving was not my intention at all, after I spoke to my parents we went house searching and found the house, it was quick.

I recently did a refi on my primary home and on the closing docs it stated that it is going to be owner-occupied for 12 months. It has been a month but the situation changed, my elderly parents need to move in with us and need a bigger home (covid, sickness, financial, other reasons). We found one with a bedroom + full bathroom downstairs and it is perfect for them and for the rest of the family. We want to rent out our current home. 

Has anyone been in this situation before? I'm in underwriting for the new loan and already got asked about it. 

Should I let me refi lender know or is it just worth the risk? 

If I let my lender know, should I expect a letter with a response (might take a long time before I get an actual answer).

In my defense I did call the refi's 800 number and the agent I spoke to only said "as long as you keep paying, you're good" but, this is not making me at ease in case anything (court related) happens in the future.

Totally agree! Not trying to cut corners, just was looking if someone had any insights as to if it provides valuable information or just stay away from it and go on YouTube

Hello all,

Has anyone here tried this class? Looking into learning notes, but want to see if this was worth my time.

https://www.udemy.com/course/comprehensive-guide-to-distressed-mortgage/

Thanks, everyone, @Andy Mirza you're 100% correct with your response. I typed my question a little too fast, but yes, I understand the difference.

Thank you!

Amazing! Thank you for your responses

@Alecia Bolton @Russell Fugitt can you guys share a few sites to find notes? I've only seen Paperstac and NotesDirect (waiting for approval)

Hello, I'm new to this forum and also new to notes. Seems like an investment I might be able to get into. I already own a rental and want to diversify our investments. For those of you who had bought notes in the past, how to manage "the day to day". Does the tenant send you a check directly to you, or are there servicing companies out there that handles that for you. If so what's their typical price?