Webinar:27% of all home sales are investors – are you confident enough to compete?

2012 is the Year of the Investor. 27% of all home sales in America are investor purchases. Are you competing effectively and confidently for that business? Learn how to use the tools of the trade to capture that business today. Is this email not displaying correctly? View it in your browser.   2012 is the Year of the Investor. Learn how to use the tools of the trade to capture that business today.               Join us for a Webinar on April 19       27% of all home sales in America are investor purchases. Are you competing effectively and confidently for that business? Join us for this engaging and informative webinar and learn the cutting edge tools of the trade for building a booming investor clientele. Greg Rand, CEO of OwnAmerica, host of "Rand on Real Estate" on WABC Radio, "Where to Invest Now" on the FOX Business Network, and author of "Crash Boom!" will lead the webinar and show you how easy expanding your business with investors really is.   Title: 2012 is the Year of the Investor. Learn how to use the tools of the trade to capture that business today. Date: Thursday, April 19, 2012 Time: 12:00 PM - 1:00 PM EDT   After registering you will receive a confirmation email containing information about joining the Webinar.   System Requirements PC-based attendees Required: Windows® 7, Vista, XP or 2003 Server   Macintosh®-based attendees Required: Mac OS® X 10.5 or newer     Space is limited. Reserve your Webinar seat now at: https://www3.gotomeeting.com/register/175189294  follow on Twitter | friend on Facebook | forward to a friend  You are receiving this email from Housing Trends eNewsletter because your company has has signed up for the Housing Trends eNewsletter and you agreed to the notifications. Unsubscribe << Test Email Address >> from this list. Our mailing address is: FrogPond 101 Westcott Ste 102 Houston, Texas 77007 Add us to your address book Copyright (C) 2012 FrogPond All rights reserved. Forward this email to a friend Update your profile  unsubscribe from this list | update subscription preferences

Bankrupt Lenders- No Mortgage Payments?

Bankrupt Lenders- No Mortgage Payments?

One of the questions I am asked quite frequently is, "What happens if the lender I got my mortgage from goes out of business?"

That is a great question! I think a lot of people are concerned that they will somehow lose their home, or that the bank will ask for the loan to be paid back immediately. Well, neither of those things can happen.

Your debt is a valuable asset of the bankrupt lender and it will be sold and transferred to another lender. So all it means is that the firm receiving your payment will change.

You see the firm that receives your payment is called the loan servicer, and they may or may not own the actual mortgage itself. Most loans today are serviced by specialized servicing agents who don't own the loans but collect a fee from the owner to process all the payments and other paperwork, like collecting escrows.

Transfers of servicing occur quite a bit, occasionally because the servicing firm goes bankrupt, but more commonly because the servicing contracts get sold.

When a lender buys your mortgage they assume all the terms and conditions of your original loan. By law they cannot change anything other than where you mail the payment.

If you ever have questions and you want honest answers, don't hesitate to give me a call.

Thanks again for letting me answer all your financing questions. I look forward to talking with you soon!

Danny

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Cut and paste this link into your browser:
http://www.referralswelcome.com/referrals.html?qid=36248440
The Elite Lending Team at FEMBI
Daniel Poulos
Branch Manager / Mortgage Banker
250 So. Central Blvd #101
Jupiter, FL 33458

Phone: (561)373-4149
Fax:

djpoulos@elitelending.biz
www.EliteLending.biz

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The Elite Lending Team and I have been proudly serving the mortgage needs of our community for 20 years!

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