Results 26 to 29 of 29
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03-26-2018, 10:03 PM #26
- Join Date
- Nov 2017
- Posts
- 153
Karen,
To never ever have a default on your belt is very rare..
How long have you been in the industry?
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03-26-2018, 11:42 PM #27
- Join Date
- Dec 2015
- Posts
- 616
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03-27-2018, 08:16 AM #28Karen37aGuest
If I pointed out everyone who was scamming( and half the time its an educated guess) ...id have to post all day every day ...including some of the Funders and isos /brokers
I don't recall who the idiot is ( there are so many) . I have caught many con games and blocked the funding only to have them go to someone else and fund after me or have the funder backdoor me before I could react and then they defaulted or they lied about the backdooring ( we laughed our arses off about those)
I thought about all this ...if there was a list ( not just the blacklist ) ...but how would you know if a broker doesn't just say "he is going to default" to coach* block other isos.
And why am i the only one point the crap out so then I have lunatics stalking me? making enemies one con artist, poser, piker at a time .
( dont you see me making comments ...pointing things out then being yelled at ..people saying I am gving lessons etc?)
** and to the person who said how long have you been in the business...read the past posts and i didn't day "0" defaults
I think I had 4 and 2 I helped get the money back... I did loss mitigation on my own loans in the past...I can explain to the merchants what is going to happen to them if they do not pay it back..in a not so nice way.
I am also underwriting on the front end and my brokers are cold calling and qualifying with underwriting in mind to toss out the bad paper on the front and next-next next next nextLast edited by Karen37a; 03-27-2018 at 08:28 AM.
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03-27-2018, 08:47 AM #29Karen37aGuest
I had a restaurant default ...heart attack...nice guy ( he made it and renovated and is doing great no more cash advances)
BUT I found out later his late father or brother might be in the "mafia"...the brother stopped the payment...i teamed up with the Funder and he signed something in the hospital lol
So yes...some can get the money back from the"mafia" not just vice versa
Ive never seen such crazy things.in all my life, people do alot of things to get money including take life insurance out on their spouse and children, then kill them, people rob people for $20 or car jack them for a joyride...crazy world we are in, and crazy sub sub prime unsecured market.
( this is why some underwriters scan thru documents with a fine tooth comb)
...see you all later this week
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