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Notes/Summary:
- 0:21 Student Liaison apprenticeships
- 1:23 Qualifications – you have to be pretty and cantankerous, just like Eddie and Ellen
- 2:41 Joe LaCount Case Study – To record a land contract or not?
- 3:57 Eddie’s input and analysis
- 5:14 Next steps
- 7:49 Land contracting recording reference document
- 9:13 What are the reasons for not recording a land contract
- 11L32 Igor Sicheri Case Study – Found inconsistencies during due diligence
- 12:22 Terms of the note (payments remaining, maturity date, P&I payment)
- 14:41 What is his strategy with his investor and what is the borrower’s story?
- 16:40 BK13 is involved, what that means, and how to check it (www.pacer.gov)
- 19:34 Utilize the forum
- 22:53 Why is Igor concerned about the borrower’s ability to repay?
- 25:03 Review of detailed pay history
- 28:32 View detailed pay history on NotesDirect (note – no difference between black & red payments)
- 31:47 This performing note is priced at a nonperforming price
- 33:10 Kevin’s input on the asset
- 35:10 How to prepare your questions for the mentor calls
- 37:49 Mahmood Motani Case Study – Purchasing a land contract from a real estate broker
- 38:58 Who the seller is determines if you need a title policy
- 41:43 Complying with Dodd Frank and owner’s title policies
- 43:06 Special warranty deeds versus general warranty deeds
- 45:04 Compliance issues versus title issues
- 47:21 Arkansas wedding disclosure
- 48:09 Note industry standards
- 54:10 Announcements – 2017 Titanium Office Visit Dates, Summer Summit, Student Liaison position openings
