Resources

Helpful Articles

Three Deadly Sins of Delaware Statutory Trusts - by Daniel Goodwin - Provident 1031

Article on Feb 1, 2023

3 Deadly Sins of Delaware Statutory Trusts

DSTs can be highly attractive to real estate investors, but it’s imperative to temper expectations and consider the big picture...

Daniel Goodwin
Published by Kiplinger

Article on Apr 16, 2022

The Typical 1031 Exchange Timeline

Infographic: The 1031 Exchange Timeline Share this Infographic Image on Your Site The 1031 Exchange Timeline 1031 Like-Kind Exchanges: Important...

Daniel Goodwin

Article on Mar 26, 2022

Can You Live In A 1031 Exchange Property?

You may have invested in a 1031 exchange and are now considering converting the property into a primary residence; however,...

Daniel Goodwin

Pages: 12345678910111213141516171819202122

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

Book a Strategy Call

"*" indicates required fields

First Name*

Last Name*

Phone Number*

Email*

Your time zone*

CST

EST

PST

MST

This field is hidden when viewing the form

Appointment date

This field is hidden when viewing the form

Appointment Time

This field is hidden when viewing the form

Full Name

This field is hidden when viewing the form

Property

Select a date and time*

Accredited Investor*

I am an Accredited Investor *

**An accredited investor, in the context of a natural person, includes anyone who: a) earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, OR b) has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence). Click here for information, or details on Accredited Entities.

Class Access

I would like access to the Master the 1031 Exchange class

This field is hidden when viewing the form

Tag

Helpful Articles

3 Deadly Sins of Delaware Statutory Trusts

The Typical 1031 Exchange Timeline

Can You Live In A 1031 Exchange Property?

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

3 Deadly Sins of Delaware Statutory Trusts

The Typical 1031 Exchange Timeline

Can You Live In A 1031 Exchange Property?

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