Bankruptcy Basics

Sometimes you will buy a note and the person is in bankruptcy or they file for bankruptcy while you are in the middle of trying to do a workout with the homeowner. This is why it is important to understand bankruptcy and how it impacts your note and profits. This post...

Secured Versus Unsecured Debt

In the case of unsecured debt, a lender loans money without having an underlying asset attached to it but simply the personal guarantee of the debtor. For this reason the unsecured debt is risker for the lender since if the person stops paying there is little recourse...

Mortgage Versus Deed Of Trust

A mortgage is a debt instrument, secured by the collateral of specified real estate property, that the borrower is obliged to pay back with a predetermined set of payments. Mortgages are used by individuals and businesses to make large real estate purchases without...