REMI KNOX Owner Financing & Mortgage Note Blog :: If all you did was rely on New Century Financial's website, you would never know that they are now bankrupt having fired over 3000 employees!

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Today's Mortgage Note News as of 2/2/2008 A.D.

What are your guidelines for existing notes? What hits the hot buttons and gets your juices flowing? Are you looking for a certain amount of seasoning?

Are the mailing lists you purchase and use to find leads in other areas than your own backyard? If not, why would I not start with my own county courthouse research to find note owners?

As a new Note Broker I need to know how I would be paid when submitting a note for consideration?

When buying a defaulted mortgage note directly from the bank, are the paperwork requirements any different than when negotiating a short sale with the bank?

May I keep and use the simultaneous worksheet for future deals?

When making offers to homeowners; should I go ahead and put the property under contract before contacting you all or should I contact you all first, then offer the homeowner three options/offers?

How do I structure a note on a future deal? What's a safe % to work with? I'm thinking it's really based on concern factors such as the homeowner's situation and the value of home.

If all you did was rely on New Century Financial's website, you would never know that they are now bankrupt having fired over 3000 employees!

THE FAIR CREDIT REPORTING ACT

Search for any (Owner Financing/Real Estate Note) book at your local library!

S&P/Case-Shiller® Dallas Home Price Index

Owner Financing Made Easy: Your Solution to Real Estate Success!

A great teleconference with Todd Newman of Newman Asset Management

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If all you did was rely on New Century Financial's website, you would never know that they are now bankrupt having fired over 3000 employees!

by Maria Fee on Thu 05 Apr 2007 05:55 PM EDT | Permanent Link | Cosmos

If all you did was rely on New Century Financial's website, you would never know that they are now bankrupt having fired over 3000 employees!

"New Century Receives Court Approval of DIP Financing (Court Also Authorizes Continuation of Customer Programs, Employee Benefits and Insurance Policies)

IRVINE, Calif., April 6 /PRNewswire-FirstCall/ -- New Century Financial Corporation (OTC: NEWC) announced today that the U.S. Bankruptcy Court for the District of Delaware has approved a motion permitting the Company, on an interim basis, to access up to $50 million of the $150 million debtor-in-possession (DIP) financing arranged for the Company by The CIT Group and Greenwich Capital Financial Products, Inc."
http://investorrelations.ncen.com/phoenix.zhtml?c=73989&p=irol-newsArticle&ID=982491&highlight=&news=accepted

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