What better time to get your CE Credits than during the summer lull! Wednesday, August 13th, we invite you to join us for Trustee Sale Basics! This FREE 3 CE Credit course will instruct you on how to expertly handle auction transactions, and be a hero to your investor clients!
mortgage: The Relationship Between Investors And Hard Money Lending
- 05/01/14 07:06 AM
My company bids at the foreclosure auction on behalf of our clients, and also provides hard money loans to allow those investors with winning bids to pay for those properties within the required time frame. In Arizona, a winning bid must pay an immediate $10,000 deposit, and pay the full remainder by 5pm the next business day. Obviously, this doesn’t allow nearly enough time for obtaining a conventional mortgage, so hard money lenders can provide the required cash in one day to allow the investor the ability to buy and control the property. If there were no hard money … (0 comments)
mortgage: A Moral Dilemma?
- 01/07/14 01:41 AM
There are so many stories in the media depicting banks and other lenders as predatory monsters for trying to foreclose on people who haven’t paid their loan as promised. It’s easy to see them as villains, forcing a family out of their home. I know there is real pain out there. People who have been laid off from long term jobs that they held. Medical bills, investments that didn’t turn out, bad luck, and bad decisions. I truly feel for them. But I can’t get my arms around the belief that if you can’t or won’t pay your mortgage as you … (0 comments)
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