How To Protect Yourself When Buying a Home Subject To The Existing Debt

Scott Horne's Owner Finance Network
Scott Horne's Owner Finance Network
262 بار بازدید - 2 ماه پیش - In today's video, Scott talks
In today's video, Scott talks about how you as the investor can protect yourself when purchasing a home subject to the existing debt. Scott Horne has been a real estate, title attorney, and investor for over 30 years. Over this time, he has purchased, rehabbed, and sold over 7,000 single family homes. Through his companies and law office, he has transacted over 10,000 creative finance deals. Scott’s experience as both an attorney and an investor puts him in a unique position to help you navigate this tricky business every step of the way. ✅ 𝐖𝐚𝐧𝐭 𝐦𝐨𝐫𝐞 𝐟𝐫𝐞𝐞 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐨𝐰𝐧𝐞𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠? www.theownerfinancenetwork.com/free-video-library/ ✅ 𝐃𝐨𝐧’𝐭 𝐟𝐨𝐫𝐠𝐞𝐭 𝐭𝐨 𝐟𝐨𝐥𝐥𝐨𝐰 𝐮𝐬 𝐨𝐧 𝐨𝐮𝐫 𝐨𝐭𝐡𝐞𝐫 𝐬𝐨𝐜𝐢𝐚𝐥 𝐦𝐞𝐝𝐢𝐚 𝐜𝐡𝐚𝐧𝐧𝐞𝐥𝐬 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐟𝐫𝐞𝐞 𝐭𝐢𝐩𝐬! Instagram: www.instagram.com/ownerfinancenetwork/ Facebook: www.facebook.com/ownerfinancenetwork/ Twitter: twitter.com/ownerfinancenet ✅ 𝐑𝐞𝐚𝐝𝐲 𝐭𝐨 𝐬𝐭𝐞𝐩 𝐮𝐩 𝐲𝐨𝐮𝐫 𝐠𝐚𝐦𝐞 𝐚𝐧𝐝 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐨𝐰𝐧𝐞𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠? 1. The Subject To Academy www.theownerfinancenetwork.com/flow/subject-to-aca… 2. Everything You Need to Know About Liens www.theownerfinancenetwork.com/flow/online-lien-cl… 3. Scott Horne’s Owner Finance Real Estate Investment Training www.theownerfinancenetwork.com/flow/owner-finance-… 4. 1 Day Recorded Training on Owner Financing www.theownerfinancenetwork.com/flow/1-day-live-own… 5. Owner Financing for Realtors www.theownerfinancenetwork.com/flow/owner-financin… ✅ 𝐍𝐞𝐞𝐝 𝐡𝐞𝐥𝐩 𝐰𝐢𝐭𝐡 𝐚𝐧 𝐨𝐰𝐧𝐞𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐞 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧? 1. Legal Services www.theownerfinancenetwork.com/legal-services/ 2. Title Services www.theownerfinancenetwork.com/title-services/ 3. Note-Pro Services www.theownerfinancenetwork.com/note-pro-services/ 4. RMLO Services www.theownerfinancenetwork.com/rmlo-services/ 5. Loan Servicing www.theownerfinancenetwork.com/loan-servicing/ #ownerfinancing #ownerfinance #realestateinvesting #realestate #entrepreneurship Intro – 0:00 Importance of Knowing What You’re Buying – 00:30 Obtaining the Most Current Mortgage Statement – 1:01 Utilizing Mortgage Statements in Disclosures – 1:50 Underlying Lien Disclosure Notice – 2:00 Insurance Disclosure Requirements in Texas – 2:31 Importance of Obtaining Mortgage Documents – 3:03 Obtaining and Updating Insurance Policies – 3:40 Validating Property Values – 4:45 Example of Overinflated Tax Records – 5:21 Property and Mortgage Evaluation – 6:00 Contractual Considerations When Buying a Home Subject to Existing Debt – 6:33 Importance of Disclosures – 6:50 Seller’s Expectations and Loan Payoff Timeline – 7:42 Disclosures Requirements When Conveying Interest in a Trust – 8:43 Essential Clauses and Contractual Protection – 9:23 Investor Knowledge and Seller Negotiation – 10:04 Legal and Regulatory Considerations in Texas – 10:43 Protecting the Seller – 11:43 Compliance Issues in Wrap Around Mortgages – 12:14 Safe Act and RESPA Disclosures – 13:19 Dodd-Frank Act and Compliance – 14:30 APR and Debt-Free Homes – 15:26 Existing Debt and Wrap Around Mortgages – 16:09 Prepayment Penalties and Fees – 16:43 Using APR Calculators – 17:01 Categories Under Dodd-Frank – 17:23 High Cost vs. High Priced Loans – 17:44 Ability to Repay Rule (ATR) and Compliance – 18:35 Documentation and Disclosure Requirements – 20:21 Texas-Specific Disclosure Requirements – 21:17 Wraparound Mortgages: Documentation and Disclosures – 24:16 Assignments of Contract: Documentation and Disclosures – 25:40 Outro – 26:47
2 ماه پیش در تاریخ 1403/05/01 منتشر شده است.
262 بـار بازدید شده
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