Please read these terms and conditions
carefully before entering our application section.
Investor/Trust Deed Purchaser Form
Package on the Program
By accessing this web site
and any pages thereof, you acknowledge your agreement with and
pertaining to both this web site and any material in it or associated
with it through download or email. If you do not agree to the terms and
conditions below, do not access this web site or any pages thereof.
Nothing on this web site should be construed as a solicitation, offer,
or recommendation, to acquire any interest in a private mortgage or
private mortgage fund or to engage in any other transaction. Such
an offer will only be made in connection with the delivery of either 1)
a confidential memorandum regarding a single note and mortgage that are
for sale to anyone since money will not be pooled with others and you
will become the note holder; or 2) upon the delivery of a confidential
private placement memorandum, which will be made available only to
pre-qualified persons upon their request; or 3) you will purchase a note
along with a Trust Deed from our list of Trust Deeds. For a person
to be pre-qualified they must be an accredited investor/Trust Deed
purchasers, and meet certain securities’ requirements. It would be
recorded in the vesting that you choose.
A private mortgage investor/Trust Deed purchaser will be subject to the
risks inherent in making mortgage loans including, without limitation,
(a) the borrower may default, requiring that the mortgage investor/Trust
Deed purchaser foreclose on the underlying property to protect the value
of its mortgage loan, (b) the borrower may not be able to make a lump
sum principal payment due under a mortgage loan at the end of the loan
term, unless it can refinance the mortgage loan or (c) if interest rates
are volatile during the loan period, a private mortgage fund’s
variable-rate mortgage loans could have lower yields. Since private
mortgage loans are sometimes non-recourse, a private mortgage fund must
rely solely on the value of a property for its security. In addition,
mezzanine loans will be subject to the prior rights of mortgage holders
and creditors of the corporate entity owning the applicable property.
Second and/or Wraparound mortgages will be subject to the prior rights
of first mortgage holders. Generally, the larger the mortgage loan
compared to the value of the property securing it, the greater the
loan’s risk. Upon default and following foreclosure, a private mortgage
fund may not be able to sell the property for its estimated or appraised
value. Also, certain liens on the property, such as first mortgages,
taxes and contractor or mechanic’s or tax liens, may have priority over
a private mortgage fund’s security interest. In such cases the Lender
may be required to pay the holders of such liens to protect its security
interest and investment.
We cannot forecast with certainty the size of any return, and
investor/Trust Deed purchasers may experience declines in the value of
their private mortgage fund investment. Past performance is not
necessarily a guide to the future performance of an investment.
Information presented on this site has been obtained from sources and
vendors that Home & Real Estate Services
believes to be reliable. However, we
cannot guarantee its accuracy. Prospective investor/Trust Deed
purchasers should be aware that such information is subject to change
without notice. Additional information is available by contacting our
customer relations department.
By clicking "I UNDERSTAND and AGREE" below, you agree to the terms and
conditions stated above.