Harbor Group International’s Post

According to a recent Mortgage Bankers Association report: "Ongoing challenges in commercial real estate markets pushed the delinquency rate on CRE-backed loans higher in the final three months of 2023." Fortunately, Partner is ready to support your distressed transactions. Find out more about what due diligence you need to have in your toolkit! Watch the Webinar here: https://lnkd.in/gH9P-k-V Read MBA's full report here: https://lnkd.in/gWicBrja

A #MortgageNote is a legal document that details the loan agreement between a borrower and a lender. It outlines the terms of the loan such as the amount borrowed, interest rate, repayment schedule, possible late payment penalties, and other important information. Read our latest blog for our opinion on mortgage notes in 2023: https://bit.ly/3QtkRwc #realestate #realestatenotes #realestateblog #financeblog #realestateinvesting

Learn about the crucial role of collateral files in mortgage transactions, including the mortgage, note, assignments, allonges, and title policy. Discover how these documents protect lenders and what they contain, such as loan modifications and forbearance agreements. Understand how collateralization safeguards against borrower non-payment, with details on interest rates, payment amounts, and penalties for late payment. #CollateralFiles #MortgageTransactions #LoanDocuments #TitlePolicy #LoanModification #ForbearanceAgreement #BorrowerProtection #InterestRates #LatePaymentPenalty #PropertyCollateral

PenFed mortgage review: Closing cost savings, member discounts and more Contact me to discuss the latest scoop in real estate! #virginiahomes #virginiahousing #virginiarentals #virginiarealtor #virginiarealestate #virginiahomebuying #virginiahouse #realestate #realtor

#brokers, we’ve improved our criteria for Part and Part lending where Sale of Mortgaged Property is the repayment vehicle: • Minimum equity requirement is now calculated at the end of mortgage term • Capital and Interest (C&I) component is also included in the calculation Accord’s common-sense lending… helping you help more clients pass our minimum equity threshold https://hubs.la/Q02przYm0

Foreclosure is a legal process in which a lender reclaims a property from a borrower who has defaulted on their mortgage. When a homeowner fails to make mortgage payments, the lender initiates a court-ordered seizure and sale of the property to recover the outstanding loan amount. It's a last resort for lenders, potentially leading to the loss of the property and impacting the borrower's credit. Seeking assistance, exploring alternatives like loan modifications, or negotiating repayment plans can be crucial for homeowners facing foreclosure to regain control and mitigate the financial impact. #ForeclosureExplanation

Not all mortgage brokers are created equal. Our latest blog reveals the key traits to look for when securing top-notch lending expertise and maximum value. Read now to find your perfect broker match. 🤝 https://lnkd.in/diPv2kvq Trust and transparency are our cornerstones. 💯

Follow Lester Aldridge for our latest series of posts on all things borrowing! Insight from both of our specialist borrower and lender teams on how to make the process more streamlined and how borrowers can be prepared from the outset to hit that completion date target📋✅🕵🏻♀️ First stop - What exactly is title insurance?! 👀 #borrowing #bridgingfinance #realestatefinance

We’re seeing a big uptake in the use of TI by commercial lenders…🏦📈 The aim? To speed up transaction turnaround time!👏🏼 See our post below for some more information on the key differences between TI and full DD 💬 #commerciallending #finance #bridging #realestate