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Funder One Capital does not make loans and does not service debt. All funding is non-recourse and is exempt of the foreclosure process. Instead, it has created a “funder” and “member” relationship without ever creating debt that does not need to exist in the first place.
FUNDX is the liquidation solution and technology used by Funder One which follows traditional process as the banks do, but is far more ethical and far better for all parties involved. Tokenizing, instead of securitizing the homebuyer’s commitment documents is not simply a word-swap, since no promissory note, foreclosure and no debt exists in it’s documents. No longer is debt fictitiously created and forced onto the homebuyer.