Video: What is a Foreclosure? – Mortgage Investment Corporations
Rory Campbell and Walt Neufeld explain what is a foreclosure and how it is used to protect mortgage investments in Mortgage Investment Corporations.
5 Things You Should Ask Before Investing in a MIC
There are a lot of questions you should ask before making any investment. Here’s what we recommend you ask before putting your money into a MIC.
- Are you speaking to the person who will be making the investment or a salesperson?
- Can you call up any time to ask about decisions that have been made?
- What is the history of performance on this MIC?
- Does the MIC offer complete disclosure of its mortgage investment details?
- How does the MIC diversify its mortgage investments to protect investors?
- Is there a provision for losses and liquidity?
Not all MICs are the same – A quality MIC investment will provide full disclosure of mortgage investments.
