Even eager customers can get confused by complex order forms, missing business reply envelopes, elaborate information requests, and worse.
Solution: Multiple ways to place an order help - but more than three options (fax, phone, mail, or e-mail) is probably too much. These days, the ability to take orders around the clock is a big plus.
Technique: Try numbering the steps. ("1. Fill out this invitation below. 2. Put it in the envelope provided. 3. Drop it in your mailbox.") Add this phrase here and there, too: "It's that simple." And if you've got a toll-free number, be sure to put it where the prospect can see it. Make it large. Make it easy to find. And put it on every piece in the envelope.
Larry Potter
http://www.youtube.com/watch?v=lkJCsIMAiNY
www.ATicketToWealth.com
Showing posts with label non performing assets. Show all posts
Showing posts with label non performing assets. Show all posts
Friday, April 24, 2009
Saturday, April 18, 2009
One performing asset....
People Happy for No Reason make the cells in their body happy.
Your brain produces a veritable pharmacopeia of natural happiness-enhancing neurochemicals - endorphins, serotonin, oxytocin, and dopamine - just waiting to be released to every organ and cell in your body.
The way you eat, move, and rest, and even your facial expression, can shift the balance of your body's feel-good chemicals in your favor.
To dispense some extra Joy Juice - smile.
Scientists have discovered that smiling decreases stress hormones and boosts happiness chemicals, which increase the body's T-cells, reduce pain, and enhance relaxation.
You may not feel like it, but smiling - even artificially to begin with - starts the ball rolling. It will turn into a real smile in short order.
Larry Potter
http://www.youtube.com/watch?v=lkJCsIMAiNY
www.ATicketToWealth.com
http://lpotter.renegadeuniversity.com
Your brain produces a veritable pharmacopeia of natural happiness-enhancing neurochemicals - endorphins, serotonin, oxytocin, and dopamine - just waiting to be released to every organ and cell in your body.
The way you eat, move, and rest, and even your facial expression, can shift the balance of your body's feel-good chemicals in your favor.
To dispense some extra Joy Juice - smile.
Scientists have discovered that smiling decreases stress hormones and boosts happiness chemicals, which increase the body's T-cells, reduce pain, and enhance relaxation.
You may not feel like it, but smiling - even artificially to begin with - starts the ball rolling. It will turn into a real smile in short order.
Larry Potter
http://www.youtube.com/watch?v=lkJCsIMAiNY
www.ATicketToWealth.com
http://lpotter.renegadeuniversity.com
Thursday, March 12, 2009
Monday, February 23, 2009
Bank Owned Homes - A Unique Way to Own a House
by Kevin Simpson
The term bank owned homes refers to those properties that have gone through the entire foreclosure process but since there was no bid for the home it is still with the bank. The opening bid of a bank owned home is determined according to the mortgage amount yet to be recovered, the added interest and the payment of the appointed legal expert.
The biggest advantage of buying bank owned homes is that they do not require a large amount of payment to own them. The bank owned homes can be bought for a price which is 50 percent less than the actual market price. The banks have a wide variety of these foreclosed homes and the potential buyers can choose any house which suits best to their needs and requirements. An investment in a bank owned home is always worth it as the buyers sometimes buy the foreclosed house at a much lower price and then sell it off according to the actual market value in order to earn some profit out of it. And if you are interested in just flipping them, the program known as Home Seller Assist or We Provide The Cash, created by John Alexander, will provide you with 100% of the purchase price without any credit checks!
Since there are so many bank owned homes available, the buyers can easily negotiate with the prices and bargain as well. It is always better to buy a bank owned home rather than buying a house in a pre-foreclosure stage. It is always considered wise to do your part of research work before buying a bank owned home. Many banks allow the buyers to view the list of the selected foreclosed homes especially if you are a client of the bank you can always get some added advantages as well. The banks provide listings of the foreclosed homes so that the buyers can get a glimpse of the foreclosed homes. The bank listings are the most perfect source to get all the necessary information about the bank owned homes. These listings can be found in "newspapers, real estate magazines and in the books of real estate agents".
The internet is also another very popular source of obtaining the information about bank listings. The internet listings are a lot easier to access and most often serve the purpose of "advance notice boards". The online listings are the latest listings of foreclosed homes. They help you in saving your time and provide convenience to the buyers. But apart from all these aspects the most important point which all the potential buyers must do is to teach and train them in buying a bank owned home. You can keep yourself updated by reading various real estate magazines and newspapers. The buyers can also consult friends and families who have bought a bank owned home and share experiences with them.
If you are still confused about how to buy bank owned homes you can always appoint a real-estate agent who will assist you through the entire process of bank foreclosure. But before choosing a real estate agent you must make sure that he is has enough knowledge about the homes. The real estate agent you choose must be experienced and should be an expert in getting the desired bank owned houses for its clients.
Once you have appointed a real estate agent, it is then the responsibility of the agent to help you through the process of owning a bank owned home. The agent must carry out the important tasks of checking the house and making bank proposals. Make sure you hire a local agent who knows well about the local market conditions of buying a foreclosed home. You can get in touch with the real-estate agents from the websites on bank owned homes.
Search foreclosures by state or get more information on bank owned homes at ForeclosureRepos.
Kevin Simpson, GM Sales & Marketing
Article Source: http://EzineArticles.com/?expert=Kevin_Simpson
The term bank owned homes refers to those properties that have gone through the entire foreclosure process but since there was no bid for the home it is still with the bank. The opening bid of a bank owned home is determined according to the mortgage amount yet to be recovered, the added interest and the payment of the appointed legal expert.
The biggest advantage of buying bank owned homes is that they do not require a large amount of payment to own them. The bank owned homes can be bought for a price which is 50 percent less than the actual market price. The banks have a wide variety of these foreclosed homes and the potential buyers can choose any house which suits best to their needs and requirements. An investment in a bank owned home is always worth it as the buyers sometimes buy the foreclosed house at a much lower price and then sell it off according to the actual market value in order to earn some profit out of it. And if you are interested in just flipping them, the program known as Home Seller Assist or We Provide The Cash, created by John Alexander, will provide you with 100% of the purchase price without any credit checks!
Since there are so many bank owned homes available, the buyers can easily negotiate with the prices and bargain as well. It is always better to buy a bank owned home rather than buying a house in a pre-foreclosure stage. It is always considered wise to do your part of research work before buying a bank owned home. Many banks allow the buyers to view the list of the selected foreclosed homes especially if you are a client of the bank you can always get some added advantages as well. The banks provide listings of the foreclosed homes so that the buyers can get a glimpse of the foreclosed homes. The bank listings are the most perfect source to get all the necessary information about the bank owned homes. These listings can be found in "newspapers, real estate magazines and in the books of real estate agents".
The internet is also another very popular source of obtaining the information about bank listings. The internet listings are a lot easier to access and most often serve the purpose of "advance notice boards". The online listings are the latest listings of foreclosed homes. They help you in saving your time and provide convenience to the buyers. But apart from all these aspects the most important point which all the potential buyers must do is to teach and train them in buying a bank owned home. You can keep yourself updated by reading various real estate magazines and newspapers. The buyers can also consult friends and families who have bought a bank owned home and share experiences with them.
If you are still confused about how to buy bank owned homes you can always appoint a real-estate agent who will assist you through the entire process of bank foreclosure. But before choosing a real estate agent you must make sure that he is has enough knowledge about the homes. The real estate agent you choose must be experienced and should be an expert in getting the desired bank owned houses for its clients.
Once you have appointed a real estate agent, it is then the responsibility of the agent to help you through the process of owning a bank owned home. The agent must carry out the important tasks of checking the house and making bank proposals. Make sure you hire a local agent who knows well about the local market conditions of buying a foreclosed home. You can get in touch with the real-estate agents from the websites on bank owned homes.
Search foreclosures by state or get more information on bank owned homes at ForeclosureRepos.
Kevin Simpson, GM Sales & Marketing
Article Source: http://EzineArticles.com/?expert=Kevin_Simpson
Sunday, February 22, 2009
Oregon Regulators Close Small Bank
The Oregon Department of Consumer and Business Services closed Silver Falls Bank of Silverton, Ore. Friday, bringing the total number of U.S. banks and savings and loans closed during 2009 to fourteen.
The Federal Deposit Insurance Corp. was appointed receiver. It arranged for Citizens Bank of Corvallis, Ore. to acquire all of the failed bank's deposits.
The Federal Deposit Insurance Corp. was appointed receiver. It arranged for Citizens Bank of Corvallis, Ore. to acquire all of the failed bank's deposits.
Monday, February 16, 2009
Saturday, February 7, 2009
The credit crunch
Credit, you are being told, has “locked up” or “frozen.” Without credit, consumers cannot purchase and businesses cannot invest. No, businesses can’t even stay in business because there’s no credit.
Credit, in fact, has not locked up or frozen. Plenty of lenders, particularly those healthy banks involved in the TARP CPP funds, are lending at levels comparable to or greater than before the so-called credit freeze. What has happened is that lenders are calculating risk far more rigidly and rigorously than they had previously.
Credit qualifications, indeed, have tightened and will continue to do so. We are in an economy where credit of all stripes is inherently more risky, so folks and businesses who would have qualified for loans or financing in the past are greater credit risks because of the prospect of losing their job or their business. Now, as the economy continues to contract, the risk will become high enough that credit may effectively lock up, and that’s what the panic-button folks are trying to prevent.
Credit, in fact, has not locked up or frozen. Plenty of lenders, particularly those healthy banks involved in the TARP CPP funds, are lending at levels comparable to or greater than before the so-called credit freeze. What has happened is that lenders are calculating risk far more rigidly and rigorously than they had previously.
Credit qualifications, indeed, have tightened and will continue to do so. We are in an economy where credit of all stripes is inherently more risky, so folks and businesses who would have qualified for loans or financing in the past are greater credit risks because of the prospect of losing their job or their business. Now, as the economy continues to contract, the risk will become high enough that credit may effectively lock up, and that’s what the panic-button folks are trying to prevent.
Thursday, January 29, 2009
New Site Up and Running....
...The new site for getting rid of your non-performing assets is now up at
http://NonPerformingAssets.synthasite.com
We represent a large NYC based Real Estate investment fund, looking to make principal investments in single family residential properties, both REO and performing and non-performing assets. Who’s in charge of your special asset sales?
Many are now earning big bucks by locating portfolios of non performing assets:
Asset Finder Program
Can 1 email and 1 phone call result in $25,000?
It is possible.
Banks are swimming in bad debt...
That's all you read about in the news.
Our investors and Hedge Funds want to buy that bad debt...
You can make a FORTUNE in the middle just by making 1 phone call and sending 1 email
Watch our brief webinar over at: http://weprovidethecash.com/Finder.php?id=wallmann
The timing could not be any better for this program.
It's time to think big..really BIG!
http://NonPerformingAssets.synthasite.com
We represent a large NYC based Real Estate investment fund, looking to make principal investments in single family residential properties, both REO and performing and non-performing assets. Who’s in charge of your special asset sales?
Many are now earning big bucks by locating portfolios of non performing assets:
Asset Finder Program
Can 1 email and 1 phone call result in $25,000?
It is possible.
Banks are swimming in bad debt...
That's all you read about in the news.
Our investors and Hedge Funds want to buy that bad debt...
You can make a FORTUNE in the middle just by making 1 phone call and sending 1 email
Watch our brief webinar over at: http://weprovidethecash.com/Finder.php?id=wallmann
The timing could not be any better for this program.
It's time to think big..really BIG!
Saturday, January 10, 2009
Bank Chiefs Curb Lending Despite TARP, Survey Says
Even as a new report Friday found faults in the government’s financial bailout, a survey of bank chief executives conducted by UBS was raising its own questions about whether the Troubled Asset Relief Program is having the desired effect.
In a report headlined “What C.E.O.’s of Top 100 Banks Think,” UBS analysts led by Matthew O’Connor summarized the results of the firm’s fourth annual survey of the chief executives of the 100 largest banks in the United States.
Most chief executives said that they will continue to tighten lending standards and slash credit lines to consumers in the new year. It was just the latest sign that the TARP has done little to encourage bank lending, as many in Washington hoped it would.
Economists, investors and lawmakers are concerned that continued contraction in the credit markets could prolong the recession in the United States and dash any hopes of a quick economic recovery.
The anonymous survey by UBS found that most bank chiefs fear that the worst is yet to come in the credit market debacle and are expecting to get hit with billions of dollars of losses tied to bad loans made years ago.
The banking chieftains generally believe that net charge-offs, which is a measure of debt, such as credit-card debt, that is deemed uncollectible; and nonperforming assets, which are loans or leases that are not meeting their stated principal and interest payments, are both expected to peak in 2009.
That has made banks leery of dishing out more loans to businesses and consumers. About 85 percent of the banks surveyed said they plan to tighten lending standards on commercial real estate and construction loans, while 55 percent planned to tighten commercial and industrial underwriting — both important for stimulating economic growth.
They are also being tight-fisted on the consumer side: 45 percent of chief executives said they will tighten their standards on home equity lines of credit, while 55 percent will tighten their standards on consumer loans. Getting a house will be a bit tougher, too, even if one has great credit, as 38 percent expect to tighten standards for prime mortgages.
Congress may be especially interested in knowing that only one of the banks surveyed said it would use the money received from the TARP to accelerate lending. A total of 45 percent of the chief executives answered that they would likely use TARP to cushion their capital base, while 15 percent stated they would use TARP to fund acquisitions. Only 20 percent planned to use the capital to maintain loan growth.
Lawmakers have been reluctant to authorize the remaining $350 billion of TARP funds to banks unless they showed how they would use the money to prevent foreclosures and spur lending. But even with the government’s cash infusions, banks are apparently still afraid that sins made in the past will catch up with them this year.
The authors of the report said that many of the chief executives they spoke with “believe it is inevitable that most banks will need to raise capital at some point” to cover future losses.
As long as banks think that their capital cushions are inadequate, they may continue to hang back from making new loans, no matter how much urging they get from Washington.
– Cyrus Sanati
In a report headlined “What C.E.O.’s of Top 100 Banks Think,” UBS analysts led by Matthew O’Connor summarized the results of the firm’s fourth annual survey of the chief executives of the 100 largest banks in the United States.
Most chief executives said that they will continue to tighten lending standards and slash credit lines to consumers in the new year. It was just the latest sign that the TARP has done little to encourage bank lending, as many in Washington hoped it would.
Economists, investors and lawmakers are concerned that continued contraction in the credit markets could prolong the recession in the United States and dash any hopes of a quick economic recovery.
The anonymous survey by UBS found that most bank chiefs fear that the worst is yet to come in the credit market debacle and are expecting to get hit with billions of dollars of losses tied to bad loans made years ago.
The banking chieftains generally believe that net charge-offs, which is a measure of debt, such as credit-card debt, that is deemed uncollectible; and nonperforming assets, which are loans or leases that are not meeting their stated principal and interest payments, are both expected to peak in 2009.
That has made banks leery of dishing out more loans to businesses and consumers. About 85 percent of the banks surveyed said they plan to tighten lending standards on commercial real estate and construction loans, while 55 percent planned to tighten commercial and industrial underwriting — both important for stimulating economic growth.
They are also being tight-fisted on the consumer side: 45 percent of chief executives said they will tighten their standards on home equity lines of credit, while 55 percent will tighten their standards on consumer loans. Getting a house will be a bit tougher, too, even if one has great credit, as 38 percent expect to tighten standards for prime mortgages.
Congress may be especially interested in knowing that only one of the banks surveyed said it would use the money received from the TARP to accelerate lending. A total of 45 percent of the chief executives answered that they would likely use TARP to cushion their capital base, while 15 percent stated they would use TARP to fund acquisitions. Only 20 percent planned to use the capital to maintain loan growth.
Lawmakers have been reluctant to authorize the remaining $350 billion of TARP funds to banks unless they showed how they would use the money to prevent foreclosures and spur lending. But even with the government’s cash infusions, banks are apparently still afraid that sins made in the past will catch up with them this year.
The authors of the report said that many of the chief executives they spoke with “believe it is inevitable that most banks will need to raise capital at some point” to cover future losses.
As long as banks think that their capital cushions are inadequate, they may continue to hang back from making new loans, no matter how much urging they get from Washington.
– Cyrus Sanati
Wednesday, January 7, 2009
Center Bancorp, Inc. Establishes Additional Fourth Quarter Provision
UNION, N.J., Jan. 6, 2009 (GLOBE NEWSWIRE) -- Center Bancorp, Inc. (Nasdaq:CNBC), the parent company for Union Center National Bank ("UCNB"), today announced that for the fourth quarter of 2008, it intends to establish an additional loan loss provision of $100,000 and charge-off approximately $250,000 in connection with an outstanding commercial real estate project that it has recently taken into Other Real Estate Owned (OREO).
At December 31, 2008, the Corporation expects non-performing assets to amount to $4.7million, including OREO of $3.9 million. The above-mentioned provision and charge-off for the fourth quarter will be in addition to the Corporation's anticipated quarterly loan loss provision and charge-off amounts. We expect the total provision and total net charge-off for the fourth quarter of 2008 to be $425,000 and $252,000, respectively. We Provide The Cash which was created by John Alexander hopes to corner a lot of non performing assets in 2009.
The Corporation continues to experience high loan demand and despite this one isolated project, is experiencing strong asset quality throughout its loan portfolio. Total loans are expected to amount to $676.2 million at December 31, 2008, which is an increase of $124.5 million or 22.6% over total loans at December 31, 2007.
At December 31, 2008, the Corporation expects non-performing assets to amount to $4.7million, including OREO of $3.9 million. The above-mentioned provision and charge-off for the fourth quarter will be in addition to the Corporation's anticipated quarterly loan loss provision and charge-off amounts. We expect the total provision and total net charge-off for the fourth quarter of 2008 to be $425,000 and $252,000, respectively. We Provide The Cash which was created by John Alexander hopes to corner a lot of non performing assets in 2009.
The Corporation continues to experience high loan demand and despite this one isolated project, is experiencing strong asset quality throughout its loan portfolio. Total loans are expected to amount to $676.2 million at December 31, 2008, which is an increase of $124.5 million or 22.6% over total loans at December 31, 2007.
Wednesday, December 31, 2008
Chad Pennington and Miami Dolphins are not Non Performing Assets!
For the second time in three years, Chad Pennington is The Associated Press 2008 NFL Comeback Player of the Year. The Miami Dolphins star is the first player in the 11 seasons of the award to win it twice. Wow!!!
They are winners and you can be too by working visiting the Home Seller Assist program created by John Alexander and also known as We Provide The Cash.
As outlined in this short video, you can make some huge profits very easily.
They are winners and you can be too by working visiting the Home Seller Assist program created by John Alexander and also known as We Provide The Cash.
As outlined in this short video, you can make some huge profits very easily.
Saturday, December 27, 2008
How can you use this information to make 2009 your best year yet?
I've already scheduled on my calendar two hours a day of content creation and 10 minutes every morning to review my goals. Plus, I've slotted a weekly 20-minute appointment with myself to surface and then analyze whatever concerns I have.
I plan on making the purchase of non performing assets a major focus of my Home Seller Assist program created by John Alexander.
There's lots more on my list - but you get the point. And besides, what's important here is not what I am going to do to make 2009 great for me... it's what you are going to do to make 2009 great for you.
Watch this short video on how easy it is to profit by locating non performing assets and directing them to our hedge funds that purchases non-performing assets.
I plan on making the purchase of non performing assets a major focus of my Home Seller Assist program created by John Alexander.
There's lots more on my list - but you get the point. And besides, what's important here is not what I am going to do to make 2009 great for me... it's what you are going to do to make 2009 great for you.
Watch this short video on how easy it is to profit by locating non performing assets and directing them to our hedge funds that purchases non-performing assets.
Sunday, December 14, 2008
1 call…1 email…$25,000?
Locate Assets held by local Banks and Credit Unions for our Asset Buyer.
Earn 1/2% on Bulk/Packages of Assets that Banks are looking to sell.
Banks must get these Multi-Million Dollar Asset packages off their books.
Our Hedge Funds are looking to buy these assets
As a Platinum member of HSA, you can particpate in our “Asset Finder Program”
Locate Local or Regional Lender with Non Performing Assets.(Do not contact the Big Boy’s just your small local lenders)
*Mortgage loans
*Car loans
*Credit card debt
*Installment loans
Obtain a Spread sheet with the listed assets and email them to our Asset buyers.
You earn 1/2 % of the Portfolio when closed.
5 Million in Assets = $25,000 just for introducing the parties.
1 call
1 Email
$25,000?
Again, the Asset Finder Program is an exclusive benefit for Platinum members of HSA and is NOT open to outside third parties or non-Platinum members.
Once you are a Platinum member, you will receive online video training on exactly what to say to the local lenders and be supported on a weekly basis with training.
We have members that are contacting Banks and Credit unions the very same day of joining as a Platinum member!
The Asset Finder Program was only recently released to Platinum members and is White HOT and if there ever was a time to act with a sense of urgency…the time is NOW!
Platinum memberhip is $697.00 (there are no monthly fees) and entitles you to a host of other resources as well.
Got Questions?
Attend our Live WebCast on every Tuesday and Weds at 8PM Est! and get YOUR questions answered LIVE!
But first sign up for our FREE 30 day trial and watch the webinar here
*The testimonials and examples used are exceptional results which do not apply to the average person and are not intended to represent or guarantee that anyone will achieve the same or similar results. Each individual’s success depends on his or her background, dedication, desire, and motivation
Saturday, December 6, 2008
What is IRR ?
In regards to the Non-Performing Assets program created by John Alexander, somebody wanted to know what IRR the hedge fund is looking for.
The IRR is the yield amount that the they would want to earn on an investment.
It's relative to the risk, so there is not a set IRR or discount that our buyer looks for.
The IRR is the yield amount that the they would want to earn on an investment.
It's relative to the risk, so there is not a set IRR or discount that our buyer looks for.
Thursday, December 4, 2008
Bank Owned Foreclosures - How to Find Out About Non Performing Assets
The purchase of bank owned foreclosures for investment purposes has become a very popular way for creating residual income. People who have disposable income are taking advantage of these techniques and are becoming very wealthy in the process.
Bank owned foreclosures means that a lender has taken steps to foreclose on the mortgage because of failure on the part of the borrower to meet his financial obligations in this respect. This is very prevalent in the US at present and has reached almost epidemic proportions. This is not great news for struggling homeowners, but it does present a valuable investment opportunity to others.
Doing the right research to find bargain bank owned foreclosures always pays off in the end. Like most things the amount of effort you are prepared to put in is equally proportionate to the rewards that will be reaped.
Some banks will allow access to their short lists while others don't, so this is not necessarily the way to the heart of information regarding bank owned foreclosures and obtaining the best discounts possible. A very good technique is to approach the banks local to you and ask to speak to the person in charge of all "non performing assets". If they don't know what you are talking about tell them the person in charge of the foreclosure inventory. Always be friendly, sit down with them, tell them what your intentions are and in no time they should be able to come up with a list. This technique of putting a face to a name means you will be remembered as a valuable investor.
Many investors use this technique to stay in touch with the foreclosure market. They introduce them-selves and professionally outline what they are looking for, forming a relationship with bank managers. There after they just keep in touch with the managers of "non performing assets" and in this way obtain access to bank owned foreclosures before anyone else even hears of them. Just remember, not all banks in all states do this, but it is certainly worth a try.
One very important factor you have to remember before even trying to make an offer on bank owned foreclosures is, have your finances in order. These properties come and go very quickly, if your finances are not in order you might miss out on a bargain of a lifetime. So before even looking ensure you are able to finance your "bargain of a lifetime" deal.
With today's increase in the demand for real estate investments world-wide, luck is integral. Different people have different risk taking capabilities, while some are quite stupid about taking risks others are not, they educate themselves and the risk becomes a "calculated risk". This is the type of risk anyone investing in bank owned foreclosures is taking. Learn to read market trends and identify the turns the real estate market is taking at any given moment, and your risks will be rewarded.
Search foreclosures by state or get more information on foreclosure houses at ForeclosureRepos.com
Kevin Simpson, GM Sales & Marketing
Article Source: http://EzineArticles.com/?expert=Kevin_Simpson
Internal Rate Of Return - IRR
The discount rate often used in capital budgeting that makes the net present value of all cash flows from a particular project equal to zero. Generally speaking, the higher a project's internal rate of return, the more desirable it is to undertake the project. As such, IRR can be used to rank several prospective projects a firm is considering. Assuming all other factors are equal among the various projects, the project with the highest IRR would probably be considered the best and undertaken first.
IRR is sometimes referred to as "economic rate of return (ERR)".
You can think of IRR as the rate of growth a project is expected to generate. While the actual rate of return that a given project ends up generating will often differ from its estimated IRR rate, a project with a substantially higher IRR value than other available options would still provide a much better chance of strong growth.
IRRs can also be compared against prevailing rates of return in the securities market. If a firm can't find any projects with IRRs greater than the returns that can be generated in the financial markets, it may simply choose to invest its retained earnings into the market.
We purchase non-performing asset portfolios nationwide.
Larry Potter, Pres.
KIM-LAR INC.
lpotter33@gmail.com
What is a non-performing asset?
It is a debt obligation where the borrower has not paid any previously agreed upon interest and principal repayments to the designated lender for an extended period of time.
The nonperforming asset is therefore not yielding any income to the lender in the form of principal and interest payments.
A mortgage in default would be considered non-performing. After a prolonged period of non-payment, the lender will force the borrower to liquidate any assets that were pledged as part of the debt agreement.
If no assets were pledged, the lenders might write-off the asset as a bad debt and then sell it at a discount to a collections agency.
The nonperforming asset is therefore not yielding any income to the lender in the form of principal and interest payments.
A mortgage in default would be considered non-performing. After a prolonged period of non-payment, the lender will force the borrower to liquidate any assets that were pledged as part of the debt agreement.
If no assets were pledged, the lenders might write-off the asset as a bad debt and then sell it at a discount to a collections agency.
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