- This event has passed.
Seller Finance and First Lien Investors (Note Buyers)
May 17, 2017 @ 7:00 pm - 8:30 pm
If you have capital laying around waiting for a deal in DFW market perhaps you should consider opportunities to invest in seller finance and land contracts in other states. It’s not that hard to be “The Bank”, but you need to know the legal frame work of that state.
Recently I came across a tape of contract for deeds in MO and KS with great numbers. I could not find specific information on how these states treat land contracts. Eventually I discovered Kim Tucker and she referred me to Rick Davis Legal. He has vast experience with these instruments. He agreed to share his knowledge via zoom. He charges $250 for all the questions were are covering.
If you considered expanding your note business to KS and MO for seller finance notes, join us via zoom on 17 May @ 7pm CST.
No registration is required.
Here are a few questions:
- Is a Contract For Deed recorded?
- What is the difference between a CFD/land contract and a lease-purchase option?
- How are they structured differently
- What difference does it make in the courts?
- What requirement does a Vendor have to maintain the property under a CFD?
- Can the Vendor require the Vendee to maintain the property?
- How does the liability of a Vendor/Lender for things such as personal injury to the Vendee/Borrower or their guests vary under a CFD v. a first mortgage?
- Does your firm draft; CFD’s, land contracts or lease rent agreements for clients?
- Assuming the paper was well written on CFD’s, land contracts or lease-purchase agreements want and the pros and cons of each?
- In MO, When a borrower is in default on a CFD is it a foreclosure or eviction?
- What is the timeline?
- What is the estimated uncontested cost?
- What is the redemption period?
- In MO, When a borrower is in default on a first lien is it judicial or non-judicial?
- What is the timeline?
- What is the estimated uncontested cost?
About Mortgage Medic
Mortgage Medic USA buys non-performing mortgages, deeds of trusts, and land contracts on single family homes in Mid-America. We buy these assets at a discount and use that margin to help the homeowner stay in their home while earning double digit returns for our portfolio. We focus on properties under $100,000 in value. Considering the mean home values are between $110,000 and $175,000 in our markets, we see great opportunity to create win-win outcomes while helping property values and tax entities.