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hard money lenders: Do the Banksters not want to sell homes???What is their real business? - 10/21/11 03:29 PM
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
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hard money lenders: How do you qualify for a Hard Money Loan in L.A. - 10/04/10 08:25 PM
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
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Colleen Bigler
Canyon Country,
CA
More about me
Loan Solution Inc.
Address: Santa Clarita,Valencia,Newhall,Sylmar,, Granada Hills,Van Nuys,North Hollywood, Canyon Country , CA, 91386
Office Phone: (661) 251-9075
Cell Phone: (661) 904-8760
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