Portfolio and Private Money Lenders in California

Construction and Rehab Loans in California

Sun, 13 Nov 2011 10:37:50 -0800

Current Construction lending constraints have left many qualified applicants without access to funding. Rush my File, Inc. applies a custom oriented manual underwriting approach allowing us to focus on the entire applicant situation in order to provide an innovative Construction financing structure.

PROPERTIES

· Spec Construction, Owner Occupied Builder, or Investor Rehab Flipper

· Residential/Multifamily/Commercial Property unfinished or under construction with approved plan

· Owner Occupied and Non-Owner Occupied

· Exit Strategy at your discretion: Refinance, Occupy or Sell the property upon completion

· Purchase Money + Construction

· Refinance + Construction

· Cash out to Construction

· Ground Up Construction

LOAN TERMS

· Construction and Rehab Loan LTV up to 65% of future value

· Construction loans up to $4.5 million NET for ground up or construction completion

· Loan decision based on future appraised value not purchased value

· Loan decision based on the quality of the project

· Reasonable Construction Periods

· Flexible Disbursal Schedule

· No Prepayment Penalties

· Non-FICO driven

· INTEREST RESERVE OK

Call today, click on the Loan submission form on this blog,

Bob Thompson

Account Executive

RMF Lending, Inc.

BobT@rushmyfile.com

Direct: 562-344-LOAN
800 Airport Blvd., Suite 305B

Burlingame CA 94010

Loan Submission stacking order

Sat, 12 Nov 2011 16:38:16 -0800

Minimum documents for Letter of Intent

1. Submission Form/Loan Summary – including loan details, debt servicing, and exit strategy

2. 1003 or Fannie Mae 3.2 File, or Personal Financial Statement

3. Recent Appraisal or Pictures

4. Recent Credit Report

Documents required for Loan Submission

Residential Loans- Private Money

1. Submission Form

2. 1003 or Fannie Mae 3.2 or Loan application - Show all REO, Assets

3. Credit Report – Recent 90 Days

4. 1 Year Personal & Business Taxes (if applicable)*

5. Loan Summary with Detailed LOE for Cash Out & Exit Strategy

6. Investment Properties - Rent Roll or copy of lease(s)

7. Executed Purchase Contract for a Purchase

8. Appraisal or Pictures w/ MLS Sold Comps – No Listed Comps

Multifamily Loans- Private Money

1. Submission Form

2. 1003 or Fannie Mae 3.2 or Loan Application – Show all REO, Assets

3. Credit Report – Recent 90 Days

4. 1 Year Personal & Business Taxes (if applicable)*

5. Loan Summary with Detailed LOE for Cash Out & Exit Strategy

6. Rent Rolls 6 month trailing

7. Executed Purchase Contract for a Purchase

8. Appraisal or Pictures w/ MLS Sold Comps – No Listed Comps

9. YTD Balance Sheet Building and Personal with YTD P&L for 2 years

Commercial Loans- Private money

1. Submission Form

2. 1003 or Fannie Mae 3.2 or Loan Application – Show all REO, Assets

3. Credit Report – Recent 90 Days

4. 1 Year Personal & Business Taxes (if applicable)*

5. Loan Summary with Detailed LOE for Cash Out & Exit Strategy

6. Rent Roll or copy of lease(s)

7. Executed Purchase Contract for a Purchase

8. Appraisal or Pictures w/ MLS Sold Comps – No Listed Comps

9. YTD Balance Sheet Building and Personal with YTD P&L for 2 years

Construction Loans- Private Money

1. Submission Form

2. 1003 or Fannie Mae 3.2 or Loan Application – Show all REO, Assets

3. Credit Report – Recent 90 Days

4. 1 Year Personal & Business Taxes (if applicable)*

5. Loan Summary with Detailed LOE Exit Strategy

6. Development or Construction Costs Breakdown Sheet

7. Draw Schedule

8. Executed Purchase Contract for a Purchase

9. Contractor Resume

10. Appraisal or Pictures w/ MLS Sold Comps – FUTURE/COMPLETION APPRIASED VALUE

11. YTD Balance Sheet with YTD P&L for 1 year

Rehab Loans- Private Money

1. Submission Form

2. 1003 or Fannie Mae 3.2 or Loan Application – Show all REO, Assets

3. Credit Report – Recent 90 Days

4. 1 Year Personal & Business Taxes (if applicable)*

5. Loan Summary with Detailed LOE for Cash Out & Exit Strategy

6. Investment Properties - Rent Roll or copy of lease(s)

7. Executed Purchase Contract for a Purchase

8. Appraisal or Pictures w/ MLS Sold Comps – No Listed Comps FUTURE APPRAISED VALUE

9. Rehab cost-breakdown

10. Rehab draw schedule.

Call with any questions.

And here is the Submission Form - email it directly to me before your loan submission.

Bob Thompson

Account Executive

RMF Lending, Inc.

BobT@rushmyfile.com

Direct: 562-344-LOAN
800 Airport Blvd., Suite 305B

Burlingame CA 94010

Portfolio private loans for REALTORS® servicing their clients

Sat, 12 Nov 2011 14:41:48 -0800

REALTORS^{® !}

The current real estate market requires Realtors to be creative to reach maximum potential. The need for a private money financing partner platform has never been greater. The absence of a credit score requirement and many of the overly restrictive underwriting criteria of conventional financing, gives you the ability to close a sale for clients who would otherwise be denied.

Whether your transaction is a bank REO purchase, or between private parties.

We have the flexibility to lend to a private party, corporation, trust or other entity.

The two key qualifying points for a private money loan are a conservative loan-to-value ratio and the ability to repay

Reasons Realtors Use Private Money Financing

Close transactions for clients who cannot qualify for conventional financing

Fast Funding with us in 7-10 days.

Our extensive local knowledge of California speeds up the process

Credit scores are NOT a factor

Flexible Underwriting

If your client’s LTV is approximately 60% or less and has the ability to repay the loan, we can fund and close escrow fast.

Double investor volume by leveraging with private money financing. Since REO buyers are investors who may have limited cash reserves, with private money they can increase the total number of properties they purchase. Help your investors make more money while you make more sales!

Don’t limit yourself! Call us today with your current financing needs and learn how private money can help increase your sales.

Bob Thompson

Account Executive

RMF Lending, Inc.

BobT@rushmyfile.com

Direct: 562-344-LOAN
800 Airport Blvd., Suite 305B

Burlingame CA 94010

Commercial Conduit Loans nationwide

Sat, 12 Nov 2011 13:10:25 -0800

Rush My File, Inc. is your Commercial Broker for Conduit Loans - Nationwide.

Our Conduit program provides a wide range of private money Commercial loan programs and Private equity placements for Brokers to close all of loans and projects that come across their desk.

We offer debt financing terms from 6 months to 3 years for borrowers in need of fast closes and a defined exit strategy, and all programs have interest only payment options with a balloon payment due at end of term. Additionally, all borrowers have the option to extend the loan, from 6 months up to 1 year.

Program Types

Purchase
Refinance C/O
Bridge Loans
Construction
Rehab / Renovation
Joint Venture Acquisition & Development
Mezzanine Loans
Debt Restructuring
Distressed Debt Buyouts
Foreclosure Bailouts
Private Equity

Property Types:

Multi-Family
Retail
Industrial / Warehouses
Historical Buildings
Auto Body / Repair shops / Gas Stations
Restaurants
Self Storage Facilities
Dry Cleaners Laudromats
Hospitality Industry
Agriculture (Buildings & Income Producing)
Raw Land - to 35% LTV
Investment Properties
Subdivision (any stage)
Condo Towers / Complexes (low & high rise)
Funeral Homes
Churches
Manufactured Parks (single & double wide)
Golf Courses / Recreational Facilities
Assisted Living Facilities

Loan Size:

To $45 million. To discuss larger loan sizes and joint venture projects call me directly.

Bob Thompson

Account Executive

RMF Lending, Inc.

BobT@rushmyfile.com

Direct: 562-344-LOAN
800 Airport Blvd., Suite 305B

Burlingame CA 94010

Remember our Veterans

Fri, 11 Nov 2011 11:13:52 -0800

Bob Thompson

Account Executive

RMF Lending, Inc.

BobT@rushmyfile.com

Direct: 562-344-LOAN
800 Airport Blvd., Suite 305B

Burlingame CA 94010

Portfolio private loans - Conventional Multifamily - Commercial and Residential

Fri, 11 Nov 2011 10:56:58 -0800

Portfolio and Private Loans for Commercial, Multifamily, Mixed-use, Residential or Construction - Close in 7-10 days

Service Area: CA and Nationwide

Years of Service: 17

Service Type: Real Estate

Market Focus: Premium

Rush my File - Website

Permanent Commercial Financing

CA DRE # 01893519

Equity Based Lending
No Limit on number of financed properties
Close escrow in 7-10 days
No Title Seasoning needed

Loans available to the General Public, Builders, Investors, Mortgage Brokers and Realtors

Click on the Links below for Loan Scenarios, Retail and Wholesale Loan Submissions or Broker Approvals.

We close California Portfolio Equity based, Private Money Loans in 7-10 days.

Rush my File, Inc. is a Full Service Private Money Lender focused on getting equity based deals funded fast through custom designed financing structures for Residential, Multifamily, Commercial and Construction Loans that are challenged by today’s conventional lending approaches because every deal is unique. We believe in “make sense” underwriting rather than just looking at ratios and numbers. With today’s rigid conventional underwriting guidelines, Rush my File, Inc. has become an important source of capital for borrowers. We are providing rate sheets for Private Money and Conventional Multifamily here for your reference.

For Loan Scenarios:
Email me the completed Loan Scenario Form and call me directly at : 562-344-LOAN.

Retail submission (for Individual borrowers, Investors and Builders) :
1. Fill out and submit Loan Submission Form, then call me directly.
2. Loan Summary, include loan details, debt servicing, and exit strategy.
3. Call or email to complete a Loan Application or send a 1003 pdf.
4. Recent Appraisal or Pictures (If available)
5. Recent Credit Report

Wholesale submission (for Mortgage Brokers and Realtors) :
1. Fill out and submit Broker approval package (email directly to me, I will be your Account Executive).
2. Fill out and submit the Loan Submission Form.
3. Loan Summary or Executive Summary for Commercial, Multifamily or Construction - including loan details, debt servicing, and exit strategy.
4. 1003 pdf or Fannie Mae 3.2 File
5. Recent Appraisal or color pictures (If available)
6. Recent Credit Report

The turn-time for a Letter of Intent (LOI) is currently 48 hours with Retail or Wholesale submission.

Thank you,

Bob Thompson
Account Executive
Rush my File, Inc.
(562) 344-LOAN

Bob Thompson, Account Executive

(562) 344-LOAN

VFLYER ID: 80342004

All information in this site is deemed reliable but is not guaranteed and is subject to change

Bob Thompson

Account Executive

RMF Lending, Inc.

BobT@rushmyfile.com

Direct: 562-344-LOAN
800 Airport Blvd., Suite 305B

Burlingame CA 94010

Lending Private Money and Conventional Commercial Loans for the Real Estate Industry.

Thu, 10 Nov 2011 12:09:03 -0800

Originating and Lending Private Money Loans for the Real Estate Industry.

Rush my File, Inc. is a Full Service Private Money Lender focused on getting Equity-based deals funded fast through custom designed financing structures for Commercial, Multifamily, Construction and Residential Loans that are challenged by today’s conventional lending approaches because every deal is unique. We believe in “make sense” underwriting rather than just looking at ratios and numbers. With today’s rigid conventional underwriting guidelines, Rush my File, Inc. has become an important source of capital for borrowers.

We close California Equity based, Private Money Loans in 7-10 days

For Loan Scenarios:

Email me the Pricing Form . Click here for Loan Pricing Form.
Call me directly at : 562-344-LOAN .

File stacking order for Retail submission (For Investors, Builders and individual borrowers)
1. Fill out and email the Loan Submission Form.Click here for Loan Submission Form
2. Loan Summary, include loan details, debt servicing, and exit strategy

2. 1003 pdf or Fannie Mae 3.2 File

3. Recent Appraisal or Pictures (If available)

4. Recent Credit Report

File stacking order For Wholesale submission: (for Realtors and Mortgage Brokers)
1. Fill out and submit Broker approval package (Please email to my attention, I will be your Account Executive)

2. Fill out and submit Loan Submission Form. Click here for Loan Submission Form
3. Loan Summary or Executive Summary for Commercial, Multi-Family or Construction - including loan details, debt servicing, and exit strategy.

4. 1003 pdf or Fannie Mae 3.2 File

5. Recent Appraisal or Pictures (If available)

6. Recent Credit Report
7. Upload all forms and documents to Box.net cloud application.

And here is the Broker Approval Form for wholesale submission, please complete and return to me.

Thank you,

RUSH MY FILE, INC.

LOAN PROGRAMS

DIRECT LENDER - NO UPFRONT FEES

RESIDENTIAL - Private Money

* SFR, Condo, 1-4 Units

* Up to 70% LTV, OO or NOO

* Purchase, Refinance, Cash Out

* 1-5 year term (I/O)

* Foreclosure or BK Bailouts

* Construction

* No Tax Returns with NOO

* REO Special with Value Based on Future Value

* Fund in 7-10 Days

* CA only

COMMERCIAL - Private Money

* LTV up to 70%

* Loan Term 1, 2, 3, 5 or 7 years

* DSCR: 0.5 minimum

* Multifamily, Office, Apartments, Mixed-Use, Medical, Retail, Hotels, Industrial

* Construction Loans Available in California

COMMERCIAL - Commercial Conventional

* LTV up to 80%

* Loan Term 3, 5, 7, 10 or 25 years

* Interest Rates: 4.32% to 6.625%

* Minimum FICO 640, DSCR: 1.15

* Multifamily, Office, Apartments, Mix, Medical, Retail, Hotels, Industrial, etc.

* Construction Loans Available
* Available in all 50 States

Call or Email Scenarios to

Bob Thompson 562-344-LOAN

BobT@RushmyFile.com

CA DOC Lic# 6053763

NMLS ID# 269875

Rush my File, Inc. is a Trusted and Proven Private Money Lender Serving the Real Estate Community Since 2005

Bob Thompson

Account Executive

RMF Lending, Inc.

BobT@rushmyfile.com

Direct: 562-344-LOAN
800 Airport Blvd., Suite 305B

Burlingame CA 94010

Broker Approval Package for Portfolio and Private Loans | Commercial & Residential | No FICO or Volume requirements

Wed, 09 Nov 2011 11:19:15 -0800

We service the Real Estate Industry providing a Wholesale Loan platform for Realtors and Mortgage Brokers to submit Commercial and Residential loan requests. As an approved Broker we collect your fees in the deal and pay you directly. Simply print out and email me the agreement below to set up as an Approved Broker. If you have any questions, I will be your Account Executive, you can call me directly.

There is no FiCO, Financial or monthly volume requirements - Just have a Real Estate license in good standing.

__________

________

Bob Thompson

Account Executive

RMF Lending, Inc.

BobT@rushmyfile.com

Direct: 562-344-LOAN
800 Airport Blvd., Suite 305B

Burlingame CA 94010

Portfolio Private Loans - Current California Rate Sheet

Wed, 09 Nov 2011 10:35:17 -0800

At Rush my File, Inc. our purpose is to fill the gap where lending restraints have left many qualified applicants without access to funding. Our custom oriented underwriting approach allows us to not only focus on the numbers but on the entire applicant situation in order to provide an innovative financing structure that meets their needs. We work with clients and brokers alike to get the job done.

Rush my File, Inc. provides financing for a broad range of properties with a simple application process. Please see our Private Money rate sheet below.

Bob Thompson

Account Executive

RMF Lending, Inc.

BobT@rushmyfile.com

Direct: 562-344-LOAN
800 Airport Blvd., Suite 305B

Burlingame CA 94010

Portfolio Multifamily | California Rate sheet

Tue, 08 Nov 2011 16:57:34 -0800

RushMyFile, Inc. is a Full Service Private Money Lender focused on getting Equity-based deals funded fast through custom designed financing structures for Residential, Multi-Family, Commercial and Construction Loans that are challenged by today’s conventional lending approaches because every deal is unique. We believe in “make sense” underwriting rather than just looking at ratios and numbers. With today’s rigid conventional underwriting guidelines, RushMyFile, Inc. has become an important source of capital for borrowers.

We have flexibility banks don’t, we see opportunities where banks see problems and we work relentlessly to get your funding. Working with Investors, Borrowers, Brokers and Real Estate Agents, RushMyFile, Inc. is committed to providing mutually beneficial relationships.

NOVEMBER 2011 - Multifamily Rate Sheet

Bob Thompson

Account Executive

RMF Lending, Inc.

BobT@rushmyfile.com

Direct: 562-344-LOAN
800 Airport Blvd., Suite 305B

Burlingame CA 94010

Portfolio Private Multifamily | California deals closed recently

Tue, 08 Nov 2011 16:42:15 -0800

Bob Thompson

Account Executive

RMF Lending, Inc.

BobT@rushmyfile.com

Direct: 562-344-LOAN
800 Airport Blvd., Suite 305B

Burlingame CA 94010

Portfolio private loans - Commercial and Residential fix and flips

Mon, 07 Nov 2011 14:20:07 -0800

Bob Thompson

Account Executive

RMF Lending, Inc.

BobT@rushmyfile.com

Direct: 562-344-LOAN
800 Airport Blvd., Suite 305B

Burlingame CA 94010

Portfolio private loans - Recently funded Commercial Transactions

Mon, 07 Nov 2011 10:56:59 -0800

Bob Thompson

Account Executive

RMF Lending, Inc.

BobT@rushmyfile.com

Direct: 562-344-LOAN
800 Airport Blvd., Suite 305B

Burlingame CA 94010

Portfolio private loans - Residential fix and flips

Mon, 07 Nov 2011 10:53:29 -0800

Bob Thompson

Account Executive

RMF Lending, Inc.

BobT@rushmyfile.com

Direct: 562-344-LOAN
800 Airport Blvd., Suite 305B

Burlingame CA 94010

Portfolio | Commercial | Multifamily | Residential fix and flips in California and nationwide

Sat, 05 Nov 2011 12:12:49 -0700

Bob Thompson

Account Executive

RMF Lending, Inc.

BobT@rushmyfile.com

Direct: 562-344-LOAN
800 Airport Blvd., Suite 305B

Burlingame CA 94010

Portfolio Private Loans - Commercial, Multifamily, Mixed-use and Residential fix and flips - Rate sheet !

Fri, 04 Nov 2011 16:34:12 -0700

Equity Based Loan Rate Sheet | Loans in CA close in 7-10 days

Service Area: CA and Nationwide

Years of Service: 17

Service Type: Real Estate

Market Focus: Standard

View More Photos

Rush my File website

LOAN SUBMISSION FORM

EQUITY BASED LOAN RATE SHEET

Commercial, Residential and Mixed -Use

CA DRE # 01893519

Short term
Interest only
Equity Based loans for Fix and Flip
Fast Close in 7-10 days

Available to the General Public, Mortgage Brokers and Realtors.

Equity Based Loan to be used in place of a Stated Income/Verified Asset loan.

Purchase and Cash-Out Refinance - Great for the fix and flip Investor.

Rush my File, Inc. - Program Highlights

•Loan amounts to $4,250,000
•OO, NOO & Investment property
•Interest only & Interest reserve options
•Construction & Rehab to completed LTV
•Investor & REO financing
•No mortgage or credit history required
•Bankruptcy & foreclosure OK
•No maximum cash out
•No title seasoning required

Loan Purpose :

> Purchase SFR, 2-4 Units, Condo 65% LTV - 9.0% - 1, 2, 3, 5, 7 Interest only, no PPP
> Refinance Cash-Out SFR, 2-4 Units, Condo 65% 9.0% 1, 2, 3, 5, 7 -No max cash out
> Construction SFR, 2-4 Units 55% 10.5% 6 month, 1, 2 LTV as completed Rehab SFR
> 2-4 Units 55% 10.5% 6 month, 1, 2 ARV value >
> Multi-Family Apartments 65% 10.0% 1, 2, 3, 5 Low DSCR OK
> Mixed-Use Retail, Office, Medical 65% 10.25% 1, 2, 3, 5 All properties OK
> Industrial Warehouses, Auto 65% 10.25% 1, 2, 3, 5 Vacant acceptable
> Agricultural Farms, Ranches 50% 10.25% 1, 2, 3, 5 No max acreage
> Hospitality Hotels, Motels 60% 11.0% 1, 2, 3, 5 Non-Flagged OK
> Construction/Rehab All types 55% 12.0% 6 month, 1, 2 year terms and ARV value considered.

PORTFOLIO LOANS :

Loan terms - 6 months, 1,2,3, 5, 7, 20, 25 and 30 years
DSCR 1.20 and below
SBA loans
HUD 223(f), 221(d)4 specialists with MAP approved sources .
Your property not listed? Ask your AE for off sheet programs
Conventional and Portfolio Products & Pricing are available

SUBMISSION REQUIREMENTS :

• Submission Form • Use of Funds • 1003 & 1008 • Exit Strategy • Credit Report • Cost Breakdown • GFE • Title Report • Purchase Contract • Color Photos • Appraisal • Rent Rolls

ADJUSTMENTS:

To rate : Distressed Area 2.50 *LTV 55-60 1.50 *Marginal Area 2.00 *LTV 50-54 1.25 *Average area 1.00 *LTV 40-49 .75 *Good Area LTV 30-49 0.50 * Owner-Occupied 1.25 *2-4 Units 0.75 *Interest-Only 0.25*
* Call for all of Adjustments

DOCUMENTATION :

Credit can have issues - Not FICO driven - any score
NO Reserves showing for subject property only.
1 month Bank Statements / Assets Statements
DL and SS card or Passport and Green Card, Foreign Nationals - Visa and ITIN

REQUIREMENTS :

Call to complete a Loan Application or send a 1003 pdf or Caylx Point FNM 3.2
Purchase Contract and Preliminary Title Report.
Label,scan and email all documents.

FEES :

* $975.00 Underwriting, plus Escrow, Title, Prepaid Interest, Transfer Taxes and Recording Fees.
* 3 - 6 points

Bob Thompson, Wholesale Account Executive

(562) 344-LOAN

VFLYER ID: 69865003

All information in this site is deemed reliable but is not guaranteed and is subject to change

Bob Thompson

Account Executive

RMF Lending, Inc.

BobT@rushmyfile.com

Direct: 562-344-LOAN
800 Airport Blvd., Suite 305B

Burlingame CA 94010

Portfolio private loans - Commercial, Multifamily, Residential fix and flips - close in 10 days

Fri, 04 Nov 2011 16:31:55 -0700

Portfolio and Private Loans for Commercial, Multifamily, Mixed-use, Residential or Construction - Close in 7-10 days

Service Area: CA and Nationwide

Years of Service: 17

Service Type: Real Estate

Market Focus: Premium

Rush my File - Website

Permanent Commercial Financing

CA DRE # 01893519

Equity Based Lending
Typically 3 years Interest-only
No Limit on number of financed properties

Loans available to the General Public, Builders, Investors, Mortgage Brokers and Realtors

Click on the Links below for Loan Scenarios, Retail and Wholesale Loan Submissions or Broker Approvals.

We close California Portfolio Equity based, Private Money Loans in 7-10 days.

Rush my File, Inc. is a Full Service Private Money Lender focused on getting equity based deals funded fast through custom designed financing structures for Residential, Multifamily, Commercial and Construction Loans that are challenged by today’s conventional lending approaches because every deal is unique. We believe in “make sense” underwriting rather than just looking at ratios and numbers. With today’s rigid conventional underwriting guidelines, Rush my File, Inc. has become an important source of capital for borrowers.

For Loan Scenarios :
Email me the completed Loan Scenario Form and call me directly at : 562-344-LOAN.

Retail submission (for Individual borrowers, Investors and Builders) :
1. Fill out and submit Loan Submission Form, then call me directly.
2. Loan Summary, include loan details, debt servicing, and exit strategy.
3. Call or email to complete a Loan Application or send a 1003 pdf.
4. Recent Appraisal or Pictures (If available)
5. Recent Credit Report

Wholesale submission (for Mortgage Brokers and Realtors) :
1. Fill out and submit Broker approval package (email directly to me, I will be your Account Executive).
2. Fill out and submit Loan Submission Form.
3. Loan Summary or Executive Summary for Commercial, Multifamily or Construction - including loan details, debt servicing, and exit strategy.
4. 1003 pdf or Fannie Mae 3.2 File
5. Recent Appraisal or Pictures (If available)
6. Recent Credit Report

The turn-time for a Letter of Intent (LOI) is currently 48 hours with Retail or Wholesale submission.

Thank you,

Bob Thompson
Account Executive
Rush my File, Inc.
(562) 344-LOAN

Bob Thompson, Account Executive

(562) 344-LOAN

VFLYER ID: 80342004

All information in this site is deemed reliable but is not guaranteed and is subject to change

Bob Thompson

Account Executive

RMF Lending, Inc.

BobT@rushmyfile.com

Direct: 562-344-LOAN
800 Airport Blvd., Suite 305B

Burlingame CA 94010

Economy is OUR Economy

Wed, 02 Nov 2011 16:41:31 -0700

Simply put we can all help the economy.

Today's tips>

1) BUY LOCAL .

2) BUY A FANNIE MAE HOMEPATH HOME IN YOUR OWN NEIGHBORHOOD (HELP THE NEIGHBORHOOD RECOVER).

Bob Thompson

Account Executive

RMF Lending, Inc.

BobT@rushmyfile.com

Direct: 562-344-LOAN
800 Airport Blvd., Suite 305B

Burlingame CA 94010

CO detectors are required _ AND smoke detectors

Wed, 02 Nov 2011 14:25:48 -0700

Carbon Monoxide Poisoning Prevention Act of 2010

As of July 1, 2011, Carbon Monoxide detectors will be required in SFRs and 1 – 4 units, if they have any of the following:

Any gas appliances such as a gas stove, gas furnace, gas fireplace, gas water heater, etc.
A fireplace (even if it only burns wood, pellets, or any other material).
An attached garage (even if there are no gas appliances in the house!). Cars continue to emit CO even after they are shut off.
ANY rental dwelling that meets the criteria listed above. Yes this means that if you own a house, condo, or townhouse that you rent to another human being, you are REQUIRED to install Carbon Monoxide detectors.
As of January 1, 2013, ALL multi-family dwellings including multi-family dwellings that meet the criteria listed above will be required to have Carbon Monoxide detectors. Even those that are not being sold will be required to have them just like smoke detectors.

All other multi-family residential units must be equipped with a detector on or before January 1, 2013, not just those for sale.

Be safe.

Bob Thompson

Account Executive

RMF Lending, Inc.

BobT@rushmyfile.com

Direct: 562-344-LOAN
800 Airport Blvd., Suite 305B

Burlingame CA 94010