Short to Close, no one to borrow from

Mortgage and Lending with Advisors Mortgage Group, L.L.C. NMLS 56123

This is thinking way outside the box, but if you have a short to close loan, the buyer needs 10 to 20K to close and just can't get the money.  Have them try this is peer to peer lending, they need a 620 fico and have to put their story on there, but it works, Jane from San Diego might lend them $500, and Tom from Buffalo could lend $1,000 to get up to their goal.  They need to put a sincere story about their situation and what they need the money for and post it to see what happens.

You can get up to 25K with

Comments (4)

David Zablatsky
Avant Realty Group - Needham, MA
Real Estate - Needham, MA



Thank you for your posting, much appreciated!


Apr 05, 2010 05:00 PM
Samantha Davault
Alexander Chandler Realty - Fort Worth, TX
Fort Worth, TX

Zack - sounds interesting.  Micro lending for mortgages.  I am gonna check it out.  Thanks for the information.

Apr 05, 2010 05:12 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247


I will check them out.  Sounds interesting and it could be a needed fix for some situations.

Apr 05, 2010 05:23 PM
Zach Boyle
Advisors Mortgage Group, L.L.C. - Lindenhurst, NY
NMLS 56123 Branch NMLS 301453

Thanks, yea it doesn't fix most situations, but can work. 

The borrower could actually use these funds to purchase as long as their income holds the new payment for this small personal loan.

There is a legitimate work around for the unsourceable large deposits that we run into all too often in the NYC area....but too technical, if you run into that killing your deal call me we close alot of broken purchases within 2 weeks of getting involved.


Apr 06, 2010 03:39 PM