Helpful Articles

Build Wealth Through A 1031 Exchange - Daniel Goodwin, Provident 1031

Article on Sep 3, 2021

How 2 Physicians Built Retirement Wealth in Real Estate Through a 1031 Exchange

A brother-sister team amassed millions in rental properties, but when life got too busy, they were shocked at the tax...

Daniel Goodwin
Published by Kiplinger

DST - Delaware Statutory Trust - Provident 1031 - Daniel Goodwin

Article on Jul 23, 2021

58-Year-Old Landlord Says Goodbye to Tenants

How Delaware Statutory Trusts (DSTs) are helping retirees find time and freedom. Here’s one couple’s story of gaining their freedom...

Daniel Goodwin
Published by Kiplinger

What is a 1031 Tax Deferred 1031 Exchange - Provident 1031

Article on May 4, 2021

What Is a 1031 Tax Deferred Exchange?

If you have real estate investments, you’ve probably heard of the term, but you may not have a full understanding...

Daniel Goodwin
Published by Kiplinger

Pages: 12345678910111213141516171819

Common Questions

Learn Through Video

Glossary Definitions

delinquency

Failure to make mortgage payments when mortgage payments are due. For most mortgages, payments are due on the first day of the month. Even though they may not charge a “late fee” for a number of days, the payment is still considered to be late and the loan delinquent. When a loan payment is more than 30 days late, most lenders report the late payment to one or more credit bureaus.

default

Failure to make the mortgage payment within a specified period of time. For first mortgages or first trust deeds, if a payment has still not been made within 30 days of the due date, the loan is considered to be in default.

deed of trust

Some states, like California, do not record mortgages. Instead, they record a deed of trust which is essentially the same thing.

deed-in-lieu

Short for “deed in lieu of foreclosure,” this conveys title to the lender when the borrower is in default and wants to avoid foreclosure. The lender may or may not cease foreclosure activities if a borrower asks to provide a deed-in-lieu. Regardless of whether the lender accepts the deed-in-lieu, the avoidance and non-repayment of debt will most likely show on a credit history. What a deed-in-lieu may prevent is having the documents preparatory to a foreclosure being recorded and become a matter of public record.

deed

The legal document conveying title to a property.

debt

An amount owed to another.

credit repository

An organization that gathers, records, updates, and stores financial and public records information about the payment records of individuals who are being considered for credit.

credit report

A report of an individual’s credit history prepared by a credit bureau and used by a lender in determining a loan applicant’s creditworthiness.

creditor

A person to whom money is owed.

credit history

A record of an individual’s repayment of debt. Credit histories are reviewed my mortgage lenders as one of the underwriting criteria in determining credit risk.

Pages: 123456789101112131415161718192021222324

Helpful Articles

How 2 Physicians Built Retirement Wealth in Real Estate Through a 1031 Exchange

58-Year-Old Landlord Says Goodbye to Tenants

What Is a 1031 Tax Deferred Exchange?

Common Questions

Learn Through Video

Glossary Definitions

(281) 466-4843

[email protected]

Book A Strategy Call

25511 Budde Road, Suite 1002
The Woodlands, Texas 77380

Resources

Helpful Articles

How 2 Physicians Built Retirement Wealth in Real Estate Through a 1031 Exchange

58-Year-Old Landlord Says Goodbye to Tenants

What Is a 1031 Tax Deferred Exchange?

Common Questions

Learn Through Video

Glossary Definitions

(281) 466-4843

[email protected]

Book A Strategy Call

25511 Budde Road, Suite 1002 The Woodlands, Texas 77380

Schedule Consultation

Connect with a Qualified Intermediary

Schedule a Consultation

Subscribe to Provident 1031

25511 Budde Road, Suite 1002
The Woodlands, Texas 77380