|
Being that these trust deeds are
hard money, we are truly only concerned with the home owners ability to repay
the loan. We only handle nice properties in California. However, the
following is considered, reviewed at and completed before a loan is done.
View
an Example of a Trust Deed
Pre Purchase Disclosure Form
-
Broker Referred
-
Full Appraisal from a
Licensed Broker and Licensed Appraiser
-
2nd Appraisal Review
done by Licensed Appraiser
-
We use current
market value. MLS Listings.
-
2 Credit Reports
-
Verify no fraud on
Credit
-
Verify no other
AKA's on Credit
-
Verify no other Real
Estate on Credit
-
Verify they show a
desire to pay bills on their credit
-
Full Loan Application
-
Employment Verification
or Proof of Self Employment
-
Verify job stability
-
Phone Number
Verification - Both Work & Home
-
Letter of Explanation of
Situation
-
Proof of any Retirement
Account
-
Evidence of Insurance
-
Add you to the
insurance policy
-
All Mortgage Statements
-
Determine when their 1st
TD is Adjusting
-
Determine if they are
delinquent on Child Support
-
Full Title Report
clearing all Junior Liens
-
Verify length of time on
title
-
Verify no other parties
on title
-
Escrow done on every
file
-
Verify no open Chapter
13 Bankruptcy
-
Through the loan we pay
3rd party to fix their credit
-
Pay off as much of the
debt on the credit as possible
-
Reinstatement (Pay
current) on all Existing Liens
- We have so much more that
we put into these files. Our goal is to present you with a well
researched fraud free opportunity to help a family, while making a great
rate of return.
|
|