What Happens To The Note When Refinanced During Recovery

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• Why Does This Promissory Note Reconversion Process Work

  Upon purchasing a home, a buyer actually acted as the investor and issued a promissory note backed by a mortgage, giving the bank an asset that’s traded and monetized/securitized for 15 or 30 years regardless of what happens to the property. The ...

• Double Money-Back Guarantee for Mortgage Recovery Secrets

  Yes, we offer a double money-back guarantee in cases where it is found that one's mortgage note is unrecoverable once Phase 3 (i.e. private admin process for recovery) has commenced.

• What Are The Costs For Reconverting A Promissory Note

  Prior Mortgage / Sale / Refinance / Foreclosure: We require 0% of note's face value as down payment, we will obtain our payment after the reconversion process is completed from the issued funds. For this scenario, because the home/property is not ...

• What Are The 3 Steps / Phases to This Promissory Note Reconversion Process

  PHASE 1 : RESEARCH (15 DAYS) 1) We verify and research a members documents. If it’s determined that the note is not securitized or placed into a mortgage backed security, then we stop the process. PHASE 2: FILE (90 DAYS) 1) We will file assignments, ...

• Loan Has Been Refinanced - Who Is Original Creditor Now

  When a loan is refinanced a new original creditor may be established. Whoever is the current creditor for the loan is now the original creditor. This new creditor is not to be considered a third-party in equity.