Fairfax, VA (PRWEB) February 13, 2012
Richard Geller, CEO and managing director of FinancialSuccessInstitute.org, stated today, “Mortgage note investing is a very lucrative opportunity. Especially when investors know how to do it correctly. Most people are all too familiar with the foreclosure fiasco going on today and that understandably frightens them away from mortgage note investing. What they need to know is the vast majority of those mortgage notes gone bad were predatory. Mortgage note brokers and the banks took full advantage of borrowers not understanding the mortgage note they were signing.”
Geller continues, “When you look into the facts, it’s shocking how predatory some lenders made a mortgage note. Adjustable rates causing huge jumps in payments year after year. Some people were even given a choice how much they wanted to pay each month. Some borrowers were given a mortgage note for interest only or even less than the interest in monthly payments. In the latter case, the short fall was added onto the mortgage note causing a payment the buyer was already having trouble with to go higher.”
Geller adds, “FinancialSuccessInstitute.org doesn’t believe in this type of business conduct, we are launching a campaign to reemphasize mortgage note lending in a responsible and ethical manner. Here is a short list of the most important elements we look for in a highly secure mortgage note: