Pair-Bonded Bifurcation is the Differentiator
In this country, American means white. Everybody else has to hyphenate.
- Toni Morrison (1931-2019)
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Pair-Bonded Bifurcation is the Differentiator
Inspired by Toni Morrison's (1931-2019) quote, "In this country American means white. Everybody else has to hyphenate". The titled responsion is...
Charles Caleb Colton
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The concept of Pair-Bonded Bifurcation, commonly known as Paired Bonded Foreclosure or BTF, is the main difference between a traditional Foreclosure and the latest BTF. Paired BTF works in a way similar to how a traditional Foreclosure works. A lender issues a series of notes, which are known as Notes, under its name to one or more borrowers. A borrower will then have to either pay back the Note with the proceeds from the loan, sell the Note for cash, or both, in order to be free from the Note.
BTF works differently from traditional Foreclosures because of the two types of investors that participate in the transaction. BTF lenders do not require a Lender Guarantee or Collateral Security in BTF transactions. Unlike in a traditional Foreclosure, the property owner does not have to pay back the Note with the proceeds from the sale of his property. Instead, the lender pays the costs involved in purchasing the Note from another buyer or seller and then pays the lender the difference between the purchase price and the remaining value of the Note, after the payment of the costs.
As the name suggests, BTF works by pairing up a series of secured and unsecured properties with one or more potential buyers or sellers. Unlike in traditional Foreclosures, borrowers and lenders do not have to exchange a specific number of properties or notes before the process is completed. This enables the parties involved in the transaction to buy property at the right price at the right time, without waiting for a foreclosure auction to occur and with a much lower cost than the traditional Foreclosure. This also makes BTF a more attractive option for investors looking for quick capital to buy properties to use for a short sale or to flip into cash.
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