Next: Understand what’s different about these deals.
Fully Documented
Before you invest, you’ll see full documentation of the:
- Property,
- Security,
- Loan,
- Borrower, and
- Full recourse.
Property Documents
- Valuation,
- Inspection:
- Videos, inside and out, and
- 4-point:
- Roof,
- Plumbing,
- Electrical, and
- HVAC,
- All with photos,
- By a certified inspector.
Security Documents
- Fannie Mae mortgage form (Form 3010),
- Title certified and backed by insurance,
- Certification of Trust, and
- Property tax payment plan.
Loan Documents
- Fannie Mae note form (Form 3210), and
- Payment plans tied to borrowers’ paydays.
Borrower Documents
- Affidavit of affordability,
- Certification that payment plan matches borrowers’ paydays, and
- Confirmation of automatic Zelle payments tested with micro-transactions.
Full Recourse Documents
- Original lender guarantee, and
- Recourse agreement.