Hi,
I am new to the group and not sure that I am posting in the right area. I have posted a couple of times about looking in to a residency for a couple years in France. I live in Arizona, U.S.
My company that I work for buys and sells U.S. discounted 1st Trust Deeds/Mortgages. They are now looking to buy in Europe, starting in the U.K. This is a big opportunity for me...as it could get me over there to start research in work/living!
I am looking to connect with someone that has knowledge of the mortgage industry over there, and is familiar with the purchase of mortgage notes. Laws, procedures, etc. Any help would be appreciated!!! (Sorry if I posted in the wrong forum?)
I will be able to help you, please pm me
I am not sure of your first statement...or question, so I really don't know how to reply to that, I apologize. Except to say that I am French Canadian on my father's side and Polish on my mother's side.
Your second question. Our company buys pools of performing as well as non-performing 1st Trust Deeds/mortgages from banking institutions. If we purchase a non-performing note(s) within the pool, we try to work (and according to the laws of the state) with the homeowner to become "performing". If the homeowner chooses that they want to walk away from the home, there are many options we can offer them. We have many investors who choose "performing" loans, because they would like the monthly income from the payments being made, and on time.
I am just looking to connect with someone in the bank/asset industry in Europe (starting with UK), because I am not educated at this time as how the process works over there, and if it is the same.
Thank you for your reply Barbara!
Does your commpany look for those who have fallen into a mortgaged state
of desperation?
For the moment I will pass by your question....because I have one for you.
Instantly I see the river which dominates the West Coast of Ireland...and ask if your parents
are Irish? But the germanic feel comes in and takes over.
And attached to that the conection to the spirit of Yorkshire....the very formuma which
adds a chuckle to the French as they chat to those of us who arrive from UK with class room
chatter and our knowledge of basic Brit cuisine.
I say Boo to bisto and make your own.
No not drunk....d'ont drink alcohol.
Noting that you are American with a family with roots in
my countries.