Resources

Resources:

Below you can find all of resources mentioned in the training sessions. We are constantly adding to this list and updating the files, checklists, recommended resources and contacts, etc.


CFG Menu of Services

View the Capstone Funding Group “Menu of Services” to see what we can help you with and the pricing associated with each service:

Click here to download the “CFG Menu of Services”

Case Study Template

This is the case study template you can use to present your case studies to potential investors. This is the one that we use at Capstone Funding Group and we will keep the slides at this link updated with any changes we make in the future.

Please note you will need to COPY this template into your own Google Drive folder first before making any changes as it’s “View-Only”.

If you have any questions let us know!

Click here to view the Case Study Template slide deck

CFG Letter Campaign and Welcome Campaign

Download Capstone Funding Group’s Letter Campaign and Welcome Package below. Included in the .zip file are instructions for how to use the letter campaign.

Click here to download the CFG Letter Campaign and Welcome Package

Loan Servicing Required Fields & Arrearage Calculation (Excel doc)
Trust Deed States

The states which use trust deeds are:
Alabama, Alaska, Arkansas, Arizona
California, Colorado
District of Columbia
Georgia
Hawaii
Idaho, Iowa
Michigan, Minnesota, Mississippi, Missouri, Montana
Nevada, New Hampshire, North Carolina
Oklahoma, Oregon
Rhode Island
South Dakota
Tennessee, Texas
Utah
Virginia
Washington, West Virginia, Wisconsin, Wyoming

The Hardest Hit Funds

Alabama: hardesthitalabama.com
Arizona: savemyhomeaz.gov
California: keepyourhomecalifornia.org
Florida: flhardesthithelp.org
Georgia: http://www.dca.state.ga.us/housing/homeownership/programs/hardesthitfund.asp
Illinois: idha.org
Indiana: 877gethope.org
Kentucky: kyhousing.org
Michigan: stepforwardmichigan.org
Mississippi: mshomecorp.com/firstpage
Nevada: nahac.org
New Jersey: state.nj.us/dca/hmfa/
North Carolina: ncforeclosureprevention.gov
Ohio: www.savethedream.ohio.gov
Oregon: oregonhomeownerhelp.org
Rhode Island: hhfri.org
South Carolina: scmortgagehelp.com
Tennessee: thda.org
Washington DC: dchfa.org

***Some states such as Illinois and Rhode Island have spent all their funds

The Nitty-Gritty Due Diligence Checklist (.pdf)
Resources Recommended and Endorsed by Capstone Funding Group

Amortization Tools
Note Carry (Bab Zachmeier)
Time Value

Attorney Lists
Legal League

BPO
Valuation Vision
Blackhawk
TREONet
Realty Pilot

County Information (taxes)
NETR Online

Credit reporting Agencies
CredCo
Equifax
Avantus
Credit Plus
Landsafe
Credit Service Company
Advantage
Clear Choice
Credit Tech
Universal

Debt Collector’s License
CAL

Demographics
Home Facts
Best Places
ZIP Skinny

Document Storage
Richmond Monroe
DropBox
High Tail

Door Knocking Service
NCCI

Foreclosure Information
Foreclosure Law
Realty Track: Foreclosure Laws Comparison
Judicial Versus Non-Judicial Foreclosure (pdf)
Trustee Corps. (Rande Johnsen/ Matt Kelley)
Waldman Law
Nationsds.com

Forced Place Insurance
NRE Insurance

Google Suite – We LOVE Google products
Earth
Drive
Voice
Docs
Spreadsheets (Part of Docs)
Gmail

Hardest Hit States
TARP Programs @ Treasury.gov

HOA and Apt Associations
10 ANTS

Industry Statistic Websites
Bank Data
Census.gov
NAHB.org
NAHB
Mortgage Stats
NMP
Calculated Risk
HousingWire
RealtyTrac
Federal Reserve
Realtor.org
Core Logic
Realtor.com News
DS News
Data Quick
Bloomberg
FHFA
Bank Data
Dept. of Numbers
Dept. of Numbers – Rent
Mortgage News Daily
My Budget 360
FHA News

Loan Servicing
Allied Servicing (Melissa Bolling)

AutoPal
The Mortgage Office
The Loan Office
Note Smith
Note Werx
Realty Pilot

Loan Sellers
Granite Loan Services
Kondaur Capital Corporation
Trinity
FCI
Loan MLS
Note Marketplace
RE Note Exchange
Note Inventory

Marketing Tools
InfusionSoft
iContact
Send Out Cards

Mortgage Origination Data
Consumer Finance.gov

Outsourcing Tools
Fiverr
eLance
Odesk

Project & Database Management Tools

1. Google Apps for Business – for company e-mail, calendar & ‘drive’ – click here.

2. Basecamp – for project management – click here.

3. Trello – for project managementclick here.

3. Infusionsoft – for client relationship management or CRM – click here.

4. Send Out Cards – relationship and referral marketing

5. We also use the WordPress platform for our websites in addition to Lead Pages, and OptimizePress

Last Pass

Property Valuation
Zillow
Trulia
Eppraisal
Redfin
NARRPR (must be an RE agent)

Property Preservation
Ims Today

Research Site
ShackShout

Rental Rates
Rentometer
Section 8
Zillow

Rent Guarantee
Co-Signer

Self-Directed IRA
Horizon Trust (Ed Kelly)
IRA Services

Skip Trace
Find The Seller
Intelius
PIPL
People Smart
Radar AS
TLO

Title Companies
First Priority Title
Abstrax
Title Search
Next Ace
Title Coalition

Vacant Property and Code Enforcement
Safeguard Properties

Books on Note & Trust Deed Investing

1. Smart Trust Deed Investing (George Coats) – This book provides a good overview of the due diligence required in vetting 1st position TD’s in CA. Amazon

2. Smart Trust Deed Investing Forms Book (George Coats)- this is a binder of legal forms, checklists, and form letters that accompany the strategies detailed in his book.

3. Invest in Debt – (Jimmy Napier) Amazon

4. Owner will carry (Bill Broadbent) – Owner will carry: How to take back a note or mortgage without being taken : an insider’s guide Amazon

5. California Mortgage and Deed of Trust Practice (Roger Bernhardt) Amazon

6. Trust Deed Investments (Michael Shustek) Amazon

7. Performance Anxiety (Gordon Moss) – Creating A Fortune Investing In Non-Performing Real Estate Loans
Amazon
8. Avoid Market Loss with Trust Deed Investing (Domaszewicz, Casimir) – The How-To Book on Investing in Trust Deeds
Amazon

CFPB TILA RESPA Integrated Disclosure Rule Compliance Guide
Appraisal Management & Field Services Providers

LRES
http://www.LRES.com

LRES Provides:
– BPO’s
– Appraisals
– Field Services
– REO Services

Nations Default Services
http://www.nationsds.com

Nations Default Services provides:
​- BPO’s
– Appraisals
– Field Services
– REO Services ​
– FC Services
– BK Services

NCCI
http://www.nationalcreditors.com

NCCI Contact Info

Sean Bondy
704.999.3525
sbondy@nationalcreditors.com

Legal Resources

Click here to download our List of Attorneys we use.

Damian Waldman, Esq.
Managing Attorney and Counselor at Law,
Florida Supreme Court Certified Circuit Civil Mediator.
The Law Offices of Damian G. Waldman, P.A.
13575 58th Street, North, Suite 113 (Clearwater Office)
Clearwater, FL 33760
Telephone: (727) 538-4160
Facsimile: (727) 538-4201
Email: damian@dwaldmanlaw.com
Service Email: service@dwaldmanlaw.com

3106 Alternate US 19, Suite B (Palm Harbor Office)
Palm Harbor, FL 34683
Telephone: (727) 940-2516
Facsimile: (727) 940-2517

8630 Government Drive, Suite 101 (New Port Richey Satellite Office)
New Port Richey, FL 34654
Telephone: (727) 538-4160
Facsimile: (727) 538-4201

2645 Executive Park Dr., Suite 131 (South Florida – Weston Office)
Weston, FL 33331
Telephone: (954) 640-0294
Facsimile: (727) 538-4201

Waldman and Kaplan, P.A., a Division of the
Law Offices of Damian G. Waldman, P.A.
301 North Harrison Street, Suite 9F (New Jersey Office)
Princeton, NJ 08540
Telephone: (609) 423-4257
Facsimile: (609) 454-3219
Email:njforeclosures@dwaldmanlaw.com

Michelle Ghidotti-Gonsalves, Esq.
5120 E. La Palma Ave., Ste. 206
Anaheim Hills, CA 92807
Tel: (949) 354-2601
Fax: (949) 200-4381
Email: mghidotti@ghidottilaw.com

Forms & Templates
Mail Merge Video Tutorial

Click here to view the video and join the discussion.

Mini Miranda and Bankruptcy Verbiage

Please be advised that Capstone Funding Group is a debt collector, and information you provide to us may be used for that purpose. However, if you have filed for bankruptcy, we will abide by any applicable automatic stay, modification or discharge. Further, if you filed Chapter 7 bankruptcy, received a discharge, and this loan was not reaffirmed in the bankruptcy case, we will exercise only in rem rights as allowed under applicable law and will not attempt any act to collect, recover or offset the discharged debt as your personal liability.

The Partial Agreement from Melissa Bolling
Texas HELOCs

*Info provided by Trustee Corps as follows:

Attached is some information on Texas HELOCs

As previously discussed, as this loan is a Home Equity Line of Credit, a court order will be required to foreclose non-judicially. While we may merely send out a demand letter for you, said court order would be required to reserve the first available sale date. After this was initially sent to you or your associates, we have not received authorization to proceed with the demand letter or foreclosure action.

I have included additional references relating to why a court order is needed for to proceed non-judicially relating to the HELOC Deed of Trust.

As spelled out in the provided Deed of Trust (page 13 of 17)…
The lien evidenced by this Security Instrument may be foreclosed upon only by a court order.
Lender may, at its option, follow any rules of civil procedure promulgated by the Texas Supreme
Court for expedited foreclosure proceedings related to the foreclosure of liens under Section 50(a)(6),
Article XVI of the Texas Constitution (“Rules”)) as amended from time to time, which are hereby
incorporated by reference. The power of sale granted herein shall be exercised pursuant to such Rules,
and Borrower understands that such power of sale is not a confession of judgment or a power of
attorney to confess judgment or to appear for Borrower in a judicial proceeding.

As said order may take a few months to obtain, if you do not already have a Texas Attorney who may assist you with obtaining said order, we’d refer you to the below:

Scott R. Meyer
Law Office of Scott R. Meyer, PLLC
Highland Park Place
4514 Cole Avenue, Suite 600
Dallas, Texas 75205
(214) 273-7203 (o)
(214) 395-3538 (m)
(214) 481-5274 (f)

Texas HELOC Procedures (PDF)
Texas Jr. Lien Rules (PDF)
Texas Home Equity Security Instrument document example (PDF)

Trustee Presentation from Matt Kelley
Hardship Package
Q&A Session with Don Madden - CEO of Trinity Financial Services

This is a video recording of a Q&A session with Don Madden, CEO of Trinity Financial Services.

(full length: 75 minutes)

PACER Demo

In this video, we walk through PACER – what it is, how to set up an account, and how to use it:

Due Diligence Training - Credit Report and Foreclosure Status

Mortgage Tables Spreadsheet from Ken Martinez

Right-click and “Save File As…” to download the Mortgage Tables Spreadsheet, provided by group member Ken Martinez.

Download the Mortgage Tables Excel Spreadsheet from Ken Martinez

Understanding the Note Flow

Click here to download the “Understanding the Note Flow” document which covers the Note Flow for Non-Performing Junior Liens Workouts and Timeline.

Delinquent Interest Calculation Template

Click here to download the Delinquent Interest Calculation Template

There are 2 sheets in this Excel sheet. On the first sheet you will find the instructions for how to use the Calculation template.

Phone Call Checklist

Use the following checklist when making your calls:

Click here to download the CFG Call Checklist

Inbound Voicemail Scripts

CFG Intro Inbound Caller:

“Hello and thank you for calling [Company Name]. We’re Here to Help.

Please be advised this call may be recorded for quality and training purposes.

[Company Name] is a debt collector, any information obtained will be used for that purpose.

If you know your party’s extension, Please enter it now

If you are a Borrower, Press 1

To reach the Receptionist, Please wait on the line and your call will be answered in the order it was received.

CFG Unavailable:

“We’re sorry, no one is available to answer your call at this time.

So please leave your name, the best phone number to call you on and we will call you back shortly.

If you have any questions that you would like to send via email, feel free to send them to [Email Address]

We look forward to helping you.

Have a great day!

Outbound Message Scripts - Includes Miranda

Outbound follow up Mirandas

Mini Miranda:

This call May be monitored or recorded for training and quality assurance purposes.

Please be advised that [Company Name] is a debt collector, and information you provide to us may be used for that purpose.


For verification purposes what are the (last 4 digits of social and your property address)

BK Miranda:

Please be advised that [Company Name] is a debt collector, and information you provide to us may be used for that purpose. However, if you have filed for bankruptcy, we will abide by any applicable automatic stay, modification or discharge. Further, if you filed Chapter 7 bankruptcy, received a discharge, and this loan was not reaffirmed in the bankruptcy case, we will exercise only in rem rights as allowed under applicable law and will not attempt any act to collect, recover or offset the discharged debt as your personal liability.

Outbound Message Miranda:

Good Afternoon this message is for John Doe. If this is not John Doe please hang up now. This call is in regards to a debt and [Company Name] is a debt collector and any information obtained will be used for that purpose. Please return my call at xxx-xxx-xxx on my direct line.

Action Items:

Document file notes

Do I have permission to contact you on cell or email?

Mortgage Cramdown Details

Most people would welcome the opportunity to reduce the balance of their mortgages. If certain conditions are met, a Chapter 13 bankruptcy allows you to do just that through a mortgage “cramdown.”

Download the PDF below to learn what a cramdown is, how it works, and which properties you can use it on:

Details on a Mortgage Cramdown

Chapter 7 and 13 Bankruptcy Basics from Michelle Ghidotti

Michelle Ghidotti from The Law Offices of Michelle Ghidotti has provided us with a handout on “Chapter 7 and 13 Bankruptcy Basics” which walk through what each of those 2 types of bankruptcy are, facts about each one, how each of them are used, criteria for the homeowner to qualify for each, why each can be beneficial for second lien holders, how the bankruptcy will affect the homeowner’s loan payments, when you’ll be ok (or not), exit strategies, key bankruptcy court docs, and miscellaneous tips.

Chapter 7 and 13 Bankruptcy Basics

You can contact Michelle Ghidotti at:

Michelle Ghidotti-Gonsalves, Esq.
5120 E. La Palma Ave., Ste. 206
Anaheim Hills, CA 92807
Tel: (949) 354-2601
Fax: (949) 200-4381
Email: mghidotti@ghidottilaw.com
Website: http://www.ghidottilaw.com

How to Find a HUD Counselor

Want to find a HUD counselor for one of your notes?

You can see all HUD counselors in their state at this link:

Click here to find a list of HUD counselors”

First select state
Then you can see all HUD counselors in state
Then you can print and upload to google docs if you need to share with debtors

Craigslist Ad Example

Here is an example of a Craigslist Ad we posted to fill a property after foreclosing:

Click here to view the Craigslist Ad Example

Underwriting Worksheet + Walkthrough Training

Click here to Download the Underwriting Worksheet

The Underwriting Worksheet is used to determine repayment capacity and affordability of new Trial / Mod / Forbearance, and to ensure you are not putting a Debtor into a worse financial situation (Setting up to Fail).

In this video, Kristyn walks through the Underwriting Worksheet and how to use it.

Late Calculation Worksheet + Walkthrough Training

Click here to Download the Late Calculation Worksheet

The Late Calculation Worksheet is used ​to complete the “late” calculation and to determine arrearages used in all exit strategies and letter campaign. ​

In this video, Kristyn walks through the Late Calculation Worksheet and how to use it. There are some great questions as well so be sure to watch the whole video.

Pre and Post Foreclosure Checklist

Before, during, and after the foreclosure process there are critical tasks that need to take place.

There are many steps in process and there can be some roadblocks that could incur during and after that will hinder you from getting property rented / sold in a timely fashion.

The Pre and Post foreclosure checklists were created to assist you with understanding of steps needed to be taken prior to marketing property for rent / sale and line item checklist to follow throughout your foreclosure process.

Click here to download the Pre and Post Foreclosure Checklist

Understanding Insurance Mortgagee Clause and Acronyms

Mortgagor: This is The borrower.

Mortgagee: This is the lender. It may be a bank, credit union or any other entity that lends you money to purchase a home. Ninety-nine percent of the time, you are borrowing money and paying it back with interest.

The rest you should already know; when you borrow money to purchase any property, the property itself, acts as the collateral on the loan. The home is taken back, usually through foreclosure proceedings, in the event you stop making payments.

This scenario has become all too familiar as one of the worst outcomes of the real estate bubble that popped and sent the U.S. financial markets into a tailspin in 2007.

So…What is the mortgagee clause?

The mortgagee clause is the legal description of the entity that has financial interest in any piece of property. Typically, the mortgagee clause contains the name and address of the lender as well as the loan number. Pretty straightforward.

You may also see the following letters or words contained in the mortgagee clause.

ISAOA: This stands for “Its successors and or assigns.” This simply means the rights of the mortgagee can be transferred to any entity that purchases your bank (and subsequently now owns your mortgage) or that the bank can “assign” the rights of financial indemnity (in the event of a loss) to another company. This is when your loan is sold or serviced by a different organization than that which lent you the money…which is common nowadays.

ATIMA: This stands for “As their interests may appear.” This basically means the same as ISAOA. Ultimately, it is legal speak that guarantees the rights of indemnification to the entity that lends money for property, rather than to you.

Here is an example of a mortgagee clause:

Capstone Funding Group, Inc

ISAOA/ATIMA

11403 W Bernardo Ct Suite 200
San Diego, CA 92127

Loan Number: 1234567890

How It Works

It is important because it stipulates who has legal right to financial reimbursement in the event the property in question is devalued by a loss.

Here’s an example:

If you take out a loan to buy a home, you must purchase insurance to protect the lender’s financial interest in the property, often referred to as a loss payee. If the home were to suffer a loss, perhaps a fire, the insurance company would make sure to pay any money due to satisfy the lender’s financial interest.
You may be asked to provide the mortgagee clause when you switch homeowners insurance companies or first purchase a home. You will remember the requirement to purchase hazard insurance in order to satisfy lender requirements.

Your new insurance company is simply making sure they have an exact record of who has financial interest in the property. That way, if there is a loss, they can make sure the right people get the money owed to them.

Single Point of Contact Letters (SPOC)

Single Point of Contact (SPOC) Letter: Per the CFPB changes they have put a single point of contact rule in place. This is a document you’ll need to send out to your borrowers.

Please note this is a template you can see as an example but you’ll need to remove ALL of CFG’s information and replace it with your own.

Click here to download the SPOC Letter Template


Single Point of Contact (SPOC) Update Letter: In the event that hands change during the process a SPOC update letter needs to be sent.

Please note this is a template you can see as an example but you’ll need to remove ALL of CFG’s information and replace it with your own.

Click here to download the SPOC Update Letter Template


Denial Letter: In the loss mitigation efforts and either a short payoff comes in under the allowable to approve, or a Loan Modification and investor declines terms, a denial letter is to be sent.

Click here to download the Loan Modification Denial Letter

Denial Letter

Denial Letter: In the loss mitigation efforts and either a short payoff comes in under the allowable to approve, or a Loan Modification and investor declines terms, a denial letter is to be sent.

Click here to download the Loan Modification Denial Letter

Understanding the Types of Junior Liens

 

FNMA Form 1003 – Uniform Residential Application Form / Loan Application Template Form :

Click here to download


Need help finding a resource? Submit a request to the Hotline.

My Purchases: