Credit repair and screening tenants-lease options

Paul Ritter has over 25 years’ experience in the mortgage and credit enhancement industries. He has developed software, which invokes mortgage-underwriting guidelines. It is very useful for anyone looking to buy a home, wants to run “what if” scenarios and is especially useful for Lease Option transactions. Paul has formerly owned and operated several mortgage companies. He is currently the owner of Credit Investigation Service, dba My Credit Team that specializes in credit enhancement for the Real Estate Industry. He also owns a screening company, which provides the front-end piece to evaluate potential tenant/buyers. He is an expert in building Business Credit. Paul is well versed in identity theft protection and repairing a credit report after an ID theft incident. He is FICO certified, an expert in his field and a national sought after speaker. 

What you’ll learn about in this episode:

  • How Paul helps to mediate the risk of lease option transactions on both sides
  • What sets his tenant screening program apart from others
  • The difference between credit enhancement and credit repair
  • How Paul works with people to raise their credit score, and how his clients average an 85 point improvement
  • The advantage of building an active buyer’s list
  • Information that’s gathered for the tenant screening program
  • What documents are included in the report
  • Why penalties of noncompliance are ambiguous and hard to follow
  • Precautions Paul takes to avoid lawsuits
  • Advantages of applying to the program online
  • What protocol to follow if the client doesn’t get the house
  • Logic behind the bank mentality of “tell us why you don’t need the money and we’ll give you all kinds of money”
  • How Paul uses his knowledge of credit scores and algorithms to enhance credit scores and make the best of what you have
  • Typical industry prices and how Paul is able to keep his prices low
  • Two e-books that Paul is offering for free
  • An exclusive discount for podcast listeners
  • The problem with trying to do credit repair on your own
  • A story about why delegation is important and how it can give you the best chance

Click Here for the Podcast

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-Mitch