Why does a bank go thru the Trustee Sale when they have a buyer and loan ready to fund? Is there NO communication between debts.? Why not put out a HOT list to investors of sales occurring in the next 2 weeks that will NOT go to sale if qualified good offer is made? A last minute Sale -sale on a home that didn't sell. Win-Win A coordination with listing broker, negotiator and foreclosure dept. Unless the banks like to have houses sitting empty getting vandalized, landscape dying, that will cost them more money to hold, fix  and re-list, I don't see why this occurs.  

I can fund a hard money loan in a week. I can approve in a day or two. However twice now the house sold in Trustee Sale a day or two before funding. That is crazy. The listing broker said we can get extension, no problem. Oops, went to sale. Then, you would think you should still put the approved sale thru as REO, but no, back to the who knows where it goes. " Lets see how long we can delay this sale" says someone in that crazy banker process. Lets evict and let the home deteriorate. Then no conventional financing will work, only hard money lenders will fund it. Do they have another housing debacle plan up their sleeves? Maybe they are going into the Real Estate business, just send congress a check to get that ok'ed. They are not making loans. Maybe they are going into the hard money business.. They have gotten regulations passed so that  a large percentage of mortgage brokers are out of the business. They could be retail "hard money lenders" now.  Perhaps "put your home purchase on our new credit card," then they can charge whatever rate they want. OK I will stop .Seriously though, what business are the banks in. I just see credit card ads. Since you will pay to use your own money on a debit card now..."We can get the consumer to use credit cards" then we can rake in the money and totally annihilate the middle class thru more debt at high interest rates again. Oh I see, credit cards are bankers way of getting into  "hard money", without the DRE and Federal regulations. There still leaves the mystery of them hording the homes... Colleen Bigler 661-251-9075 Forms on web site. Colleen@loan-solution.com.

There is a lot of need for Hard Money in today's California market. There are hard money lenders which are pools of funds with guidelines that require financial documents in addition to good equity. Those lenders trust others to make decisions and therefore would or should be more restrictive lending.

Then there is  the knowledgeable investor, the hands on capitalist ,who makes his own decisions based on facts presented, an inspection of the property and his experience. The local investor. That's us, Loan Solution Inc. There you get the quick decisive answer without all the bank red tape, based on lower loan- to- value, lower risk. I don't know why the banks didn't use that formula for the secondary market. Either they didn't think or didn't care. You can decide. In two decades I have never lost money in a Trust Deed investment.We lend locally and rarely rely on appraisals for our value. Common sense underwriting. Fast answers and fast closing. No up front fees. Performance is how we earn our money.

I just wanted you to  know I have a lot of cash available to facilitate leveraging your funds or clients to purchase Calif. real estate. Creative financing using equity in property you own for cash out. Cross collateral. Funds are for investment purposes only, no owner occupied property. We also fund small commercial. Very easy processing, our investor will drive by the property, no appraisal fees, no up front fees. Stated income and no fico's . 99% underwriting is on the property. Very fast process. See my web site for more. loan-solution.com

Many of my referral brokers are out of the business, sad ,shouldn't of happened. Banksters and our Federal "government" are regulating the private sector out of business. Consumers are prevented from from buying homes. The banks are not using logic when underwriting and haven't since the 70's, when a branch managers approved loans. This has got to be changed back, to before they stole the Secondary market from the private investors. They ruined the market due to lack of intelligence in how to underwrite those loans. Then they wrong target brokers and regulate out the consumer.(I am speaking of self employed or lower fico buyers needing  funds to purchase  primary residence, now no where to go.)

Anyway, I have a lot of funds available and need more loans. Colleen 661-251-9075.

While the banks are lending little and paying very little interest, the private money available has increased. I say take advantage of this market. For investors lending, bottom of market and conservative LTV's there is little risk and high return in trust deed investments. For the real estate investor, well, Calf. is having a half-off sale. Leverage your purchases with hard money loans. We can give you 3-5 years so "rent and hold" can work for you. If you are needing cash out  of income propety, we can help borrowers  with   hard money loans. 

Commercial properties are also an opportunity. We fund commercial private money in California. so if you are buying or need to refiance that balloon payment, please call. With the right amount of Equity and 99% property underwriting, you could be funded in less than a week! We have investors with cash waiting. You need not worry about credit  nor documented income.

Our hard money loans for residential, are for non-owner occupied, non- consumer loans. We can't keep up with all the new federal laws, and the  liabilities are not worth it. I have two names to give you if you have equity, and the home is primary residence, eveny with your  credit flaws or lack of tax returns that reflect your income. Free referral.

So don't let the ship sail without you! Call Colleen 661-251-9075 or visit our site. Loan-solution.com  

So, how do you qualify for a hard money loan?Truth be told, you don't. The property is or should be 99% of the underwriting criteria. Hard Money Investors want to lend on property that have plenty of a protective equity left after funding the loan.

Asking for 100% financing is something to ask your uncle. Hard Money lenders  look a profit and risk, the same as a buyer does.You offer 12% 2 pts so you can buy and flip a property in say 60 days and make 25% 30%..profit.That leaves the lending investor a whopping 2%, and he put up all the money and takes all the risk. That is why that concept doesn't work. Also future value after rehab would be taking the risk that the work may not be done. So As-is value is looked at much closer. 

Investors like to be 55-60% of value. If you can't come in with all the cash balance needed their are other ways.

If you own another  property with equity that could  be borrowed in conjunction with the purchase- a blanket loan, also a seller carry back. However, the investor has to feel comfortable you have enough "skin in the game" so if the going gets tough you don't walk away and leave him the problems.                           

Dangers to avoid when investing in Trust Deeds in California. Title company errors can cause you problems with your Trust Deed Investments and purchases. You must double check them. I have caught many errors over the years. Real Estate crime has gone wild. The DA's office is  overwhelmed.

I gathered information I uncovered, on a fraudulent Trust Deed Investment- loan request. I contacted the DA's RE fraud dept. I was told because the "seller" was deceased( prior to the quit claim deed execution) there was no victim. The criminals could of been caught with check in hand and arrested, but I couldn't get a detective interested. We just canceled the loan requested. The broker who sold the previous Trust Deed wasn't interested either. He told me he will just sell in a Trustee Sale, his investor will be paid and nothing will happen. The last title company who insured the transfer, never returned my call after informing them of the fraud.  So the criminals will move on to the next victim, a Trust Deed Investor or buyer or homeowner or a bank. There wil be another Trust Deed Investment Scam.

What could of been done to prevent that?

In the above  case, there is an affidavit the Title company is suppose to request when a Title is transferred without prior Title Insurance. The seller is to sign yes- in fact he transferred the property. He did in fact sign the deed. In the above case they didn't ask for it, even though the red flags were waiving. Elderly person quit claims to a non- relative on a free and clear property. He forged the quitclaim. The recorders office will record anything signed with a notary stamp. When it  went to assessors office to change ownership, there was a note, "dead women came alive" need to investigate. However they did not pull it but let it go through and changed the title to the new owner.The new "owner" then gets an all cash out loan, on stolen property. This is an example of the dangers to avoid when investing in Trust Deeds.

I have heard of many different cases involving fraud with Trust Deed Investments this year that could of been prevented. You need to make sure your Hard Money Broker cares enough to do his due diligence and be aware of the situations where criminals can enter your life. Regarding your Trust Deed Investment's safety-the Title company who made the error, will probably, eventually, (year or so) pay the claim. However  you lose interest and all the stress and time of dealing with the situation.

This lesson on dangers to avoid when investing in  Trust Deed Investments in Calif.,  if  there was no Title Insurance on any of the recent transfers, insist on the previous seller to be located. Have escrow have them sign the declaration with a known Notary, before you close. In the case above there was Title Insurance on the last private mony loan. However the Quit claim Deed  was not insured prior to it. Another warning, the forged notaries, that is another story....Something can be done about this though; prevention is worth a pound of cure. Choose  your hard money broker well, fund only verified   Safe Trust Deed Investments and ask questions.

To find more tips to avoid the dangers when investing in Trust Deeds in California -Check our upcoming bogs at the web site. Loan-Solution.com

Call Colleen Bigler at Loan Solution Inc. 661-251-9075 Owner/Broker.  Email Colleen@loan-solution.com

Go to our Trust Deed Investment form to fill out your information and  to be added to our list of investors.Then we can send you what Trust Deeds are  available according to your parameters.