Beruflich Dokumente
Kultur Dokumente
RANDE D. JOHNSEN
RJOHNSEN@TRUSTEECORPS.COM
BASIC DEFINITIONS
DEED OF TRUST
MORTGAGE
PROMISSORY NOTE
ASSIGNMENT
ALLONGE
TRUSTEE / ATTORNEY
BENEFICIARY / TRUSTOR / TRUSTEE
MORTGAGOR / MORTGAGEE
NON-JUDICIAL FORECLOSURE
NOTICE OF INTENT
JUDICIAL FORECLOSURE
SUBSTITUTION OF TRUSTEE
RECEIVER
NOTICE(S) OF FORECLOSURE
NON-JUDICIAL FORECLOSURE
JUDICIAL FORECLOSURE
MORTGAGE
COMPLIANCE
BE FAMILIAR WITH:
THE FORECLOSURE LAWS IN THE STATE WHERE THE PROPERTY IS LOCATED
STATE LAWS (TIMELINES, HOMEOWNER BILL OF RIGHTS, MEDIATION, ETC.)
CFPB
FDCPA
RESPA
TILA
FOE
FRIEND
GETS THE HOMEOWNERS ATTENTION
COST MONEY
LITIGATION
IF THE SECOND MORTGAGE LENDER DOES NOT RECEIVE ENOUGH MONEY FROM THE
FIRST MORTGAGE LENDERS FORECLOSURE TO SATISFY THE DEBT, IT CAN SUE THE
HOMEOWNER IN COURT FOR THE DIFFERENCE AS LONG AS STATE LAW DOES NOT
PROHIBIT THIS ACTION (I.E. RECOURSE).
LETTERING STRATEGIES
WORKOUT DOCUMENTS
TALKING TO THE HOMEOWNER
THERE ARE NO ORAL CONTRACTS OR AGREEMENTS
ASKING FOR THE KITCHEN SINK OR ASKING FOR ONE PIECE AT A TIME
Request for Modification Affidavit
Pay Stubs
Bank Statements
Tax Returns
Hardship letter
Other items or verification
RESOURCES
CONSUMER FINANCIAL PROTECTION BUREAU
WWW.CONSUMERFINANCE.GOV
WWW.MBAA.ORG
ALLREGS
WWW.ALLREGS.COM
WWW.UNITEDTRUSTEES.COM
WWW.GOOGLE.COM
WWW.CMBA.COM
USFN
WWW.USFN.ORG
PROPERTY RADAR
WWW.PROPERTYRADAR.COM
BIDBIDDIRECT.COM
WWW.BIDBIDDIRECT.COM
WWW.BIDBIDDIRECT.COM
LAST 10 MINUTES
RANDE JOHNSEN
(949) 252-8300 EXT 190
RJOHNSEN@TRUSTEECORPS.COM