Lending basics
What happens when a borrower stops paying on a mortgage note?
A missed payment doesn’t mean foreclosure. What really happens, step by step, and what it means for a lender.
Lending basics
Performing vs. non-performing mortgage notes: what’s the difference?
One pays on time, one doesn’t. How each is priced, where the risk is, and why payment history matters.
Lending basics
What happens to a private loan if the lender passes away?
The loan doesn’t go away. Where it goes depends on how you hold it. How to make it easy on your family.
Lending basics
First lien vs. second lien mortgage notes: what’s the difference?
A first lien gets paid first. A second waits its turn and can get wiped out. Why I only buy firsts.
Lending basics
What is a loan servicer, and why does it matter to a lender?
The company that collects payments and keeps the records. Why a licensed third party protects lenders.
Lending basics
How private lenders get their money back
Payments during the loan, payoff at the end, early payoffs, and what to ask if you need out early.
Lending basics
What is a collateral assignment of mortgage? A lender’s guide
The protection that ties your loan to a specific note. How it works, what it covers, what it doesn't, and what to ask for.
Lending basics
Judicial vs. non-judicial foreclosure: why it matters to a lender
Some states make a lender go to court to foreclose. Others don't. How that changes the timeline, the cost, and how I price every deal.