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Principales conclusiones:
Note buyers spend days for title checks because verifying the title is a critical step in the due diligence process when buying real estate notes. Ensuring that the title is clear and free from any legal issues or encumbrances is essential to protect the buyer's investment and avoid potential legal complications in the future.
Traditionally, note buyers perform a title check and request a BPO report after the bid has been declared victorious at the auction. Why? The fact is that it requires time and money costs, and why bear them if you do not become the future owner of this debt.
Most often, this leads to the fact that the buyer loses in the auction, because he cannot objectively assess the quality of the notes. And it has to discount an offer. Or maybe the downside is that the price is too high, and when checking it is revealed that, for example, this property has a large tax lien. Then the deal just falls apart.
American Title presents an innovative solution for checking real estate objects - Data Tree. The report, which is uploaded at the click of a finger, allows debt buyer to speed up the verification process and reduce the risks when buying. What parameters are matter to note buyers that they can find in the report? Property Details, Open Liens, Title Holders, Prior Loan History, Ownership History, Tax Obligations, Listing History, BPO and Comparability. Market trends in this particular area.
The use of such reports allows note buyers to reduce the decision-making time to several minutes when analyzing a real estate note.
Data Tree reports are now available for Debexpert members. Now note buyers can receive one-stop-shop service: review notes listings, review Data Tree reports, bid and close deal!
This new offer received high ratings from Debexpert customers and has helped buyers make informed decisions at three auctions already.
Debexert is a fintech solution that helps lenders sell their debt portfolios to a nation-wide base of debt buyers. Transactions are performed via an end-to-end encrypted platform that is available via desktop or mobile app.
Link to the website - https://www.debexpert.com/
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More than a decade of Ivan's career has been dedicated to Finance, Banking and Digital Solutions. From these three areas, the idea of a fintech solution called Debepxert was born. He started his career in Big Four consulting and continued in the industry, working as a CFO for publicly traded and digital companies. Ivan came into the debt industry in 2019, when company Debexpert started its first operations. Over the past few years the company, following his lead, has become a technological leader in the US, opened its offices in 10 countries and achieved a record level of sales - 700 debt portfolios per year.
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