Next: See the roles of who’s involved.
You get full recourse to the original lender on all these micro-mortgage loans.
You don’t have to navigate the complex and time-consuming process of servicing a non-performing loan. If a borrower is even one day late, the original lender steps in immediately to resolve the issue.
Side-by-Side Comparison
| Full Recourse Note Purchase | Typical Note Purchase | |
|---|---|---|
| Guarantors | Original Lender | None |
| Recourse | Full | None |
| Borrower Performance Enforcement | Original Lender | None |
| Tax Escrow Management | Original Lender | You |
| Who Forecloses | Original Lender, You as Backup | You, No Backup |
| Payments During Default and Foreclosure | Original Lender Keeps You Current | You Get $0 for 6+ Months |
You’ll get assignments of the:
- Notes,
- Mortgages, and
- Income streams:
- Automatically sent, via Zelle, to your bank, with
- Payment dates tied directly to the borrowers’ paydays, minimizing default risk.