SIGN UP NOW

About Note Servicing Center

This author has not yet filled in any details.
So far Note Servicing Center has created 48 blog entries.

The Risks Associated with Buying Foreclosed Properties

2021-11-17T08:09:21-08:00Private Money Lending|

As a lender, before you get into the business of foreclosed homes, especially fix-and-flip opportunities, there is important information you ought to know. One of the most important is finding properties with much lower costs. This will influence the return on investment (ROI) to [...]

Loan-To-Value Ratio: What Every Lender Should Know

2021-11-17T08:09:21-08:00Private Money Lending|

As a lender, there are two very important questions to answer when considering a borrower's application. The questions are: Should I approve this loan? On what terms should I approve this loan? This is where the Loan-To-Value (LTV) ratio comes in. The LTV ratio [...]

How Lenders Can Navigate Rising Costs Of Materials

2021-11-17T08:09:21-08:00Private Money Lending|

The construction or renovation lender does not exist in a bubble. The construction industry doesn't either. Both entities are perpetually at the mercy of any existing economic climate, which means they constantly need to make decisions to reflect current realities. An increase in the [...]

How Lenders Can Understand General Liability Insurance And Builder’s Risk Insurance

2021-11-17T08:09:21-08:00Private Money Lending|

In the renovation and construction lenders' community, the discussion continues to rage about the differences, best use, and practices on two insurance policy products. The products are: General Liability Insurance Builder's Risk Insurance The conversation on these two policies is quite surprising, given that [...]

Why Mortgage Brokers are so Important for a Hard Money Lender

2021-11-17T08:09:22-08:00Private Money Lending|

Mortgage brokers and hard money lenders have a relationship that is similar to that of bankers and stockbrokers. The mortgage broker community attracts the highest number of top-quality leads, which eventually piggies back to hard money lenders. Are you curious about how mortgage brokers [...]

What Private Lenders Need to Know Before Lending to a Cannabis Business

2021-11-14T06:02:14-08:00Private Money Lending|

The cannabis business over the years has witnessed several legislations changing the legal status of Marijuana. Although Marijuana is still seen as legal in some form in about 25 states in the United States, it is still considered a Schedule 1 substance at the [...]

A Personal Guaranty Contract Can Help Lenders Recover Even After Foreclosure

2021-11-14T06:02:22-08:00Private Money Lending|

A Personal Guaranty Contract is a legal tool favouring lenders. Debts are recovered with this tool even when the property securing the debt has been foreclosed. Regardless of this contract, lenders face some limitations during the recovery process because of deficits. A personal guaranty [...]

Usury Law 101: Things to Know about Usury

2021-11-14T06:02:29-08:00Private Money Lending|

Lenders can't charge just any interest rate because specific standards bind them under usury laws. This law has always had a long history of protecting borrowers from exorbitant interest rates on loans. So lenders ought to understand the basics. Else, they will be caught [...]

Title Insurance Protections for Lenders in California

2021-11-14T06:02:42-08:00Private Money Lending|

The major difference between title insurance and other types of insurance covers is in its function. For homeowners and lenders, title insurance is the ultimate cover against defects and encroachments on their property title. Defects in this context usually include forgery, fraudulent ownership claims, [...]

Go to Top