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FAQ

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Answered Elsewhere

Many questions you might have are already answered on other pages:

  • mortgage Thumbnail Summary gives the overview.
  • about us icon About Us describes the company putting this together.
  • document with % sign Example Loans shows the numbers on some sample loans.
  • Full Recource Full Recourse shows the advantages of full recourse over note buying with no recourse.
  • people icon Who’s Involved explains the roles of the 4 parties in the transaction.
  • gears icon How It Works gives more details of what’s already happened and what you’ll get.
  • houses iconThe properties shows how we screen the collateral behind these loans.
  • docs icon Documentation shows the documentation you’ll see before investing. Some of it is already recorded as public record.
  • unequal sign icon What’s Different shows where these loans differ from most common home loans.
  • document signing icon The Closing shows what happens before, at, and after the closing.
  • privacy icon Privacy shows how we handle your data.

What yield do I get?

The range is 12-18%. After reviewing each deal, tell us what you need from it. There’s enough in each deal for everybody to do well.

We’re building a select team of qualified investors who’ll regularly take these deals. We only need a few good ones. We’re not looking to create bidding wars and waste our investors’ time on deals they’ll never get. That’d waste a lot of our time, too.

How do you define qualified investors?

Qualified investors = principals who’ll close.

How can I demonstrate that I’m a qualified investor?

That’s easy. If you’ve closed on mortgages or investment properties, you’re already in the public records.

How does the payment and payday connection work?

Most mortgage loans have monthly payments on the same date of the month, typically on the first. We could do some payment plans this way, but, more often, we structure our payments to automatically come out of the borrowers’ bank accounts the same day their automatic income payments are deposited. These schedules could be weekly, bi-weekly, semi-monthly, or, for borrowers receiving Social Security payments, tied to those payment schedules, e.g., the third Wednesday of every month. Interest is calculated daily.

When each loan payment is made, the trustees also receive a pro-rated deposit for the property taxes. This payment plan makes it easier for borrowers to always be current with their house payments and property taxes.

What happens if a borrower doesn’t pay?

You can notify us, but, most likely, we’ll already be working to bring the borrower into compliance. If that fails, we’re ultimately responsible for all the payments to you. If we need to, we’ll foreclose or, more likely, make a cash for keys deal. You won’t have to handle any of that.

What happens if there’s major property damage?

The loan payments are still due. If the borrower falls behind, see the answer to the previous question.

Are you attorneys, real estate agents, or brokers?

No, but we work with them. If you have one, we can work with yours.

Are you licensed?

No license is required for what we do.

Are you registered anywhere?

Yes. Real Estate Rescue Angels® LLC is registered with the Florida Secretary of State, Division of Corporations. We are also members of the Florida Land Title Association, the Better Business Bureau, the Florida Association of Mortgage Professionals, and the Institute for Professionals In Taxation.

Is there a way we can verify if you’re real?

Much of our proven success is documented in court records that are available at courthouses but not published online. Contact us for copies of final court orders.

I’m interested. How do I find out more?

Contact us.