Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
The question of what happens to hard money lenders in NY is an important one—at least for the hard money lender. Can the borrower file bankruptcy in order to retain the property as a person can do with a traditional loan? What kind of protection is there for borrowers...Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
Even though hard money lenders in NY are not in any way close to traditional lenders, they are far from being exempt from various fees in spite of their higher interest rates. It is important before you sign up with any hard money lender to be aware of the various...Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
Before you start researching New Jersey hard money lenders, there are some things you need to know from the start. One of the most important things is to understand the differences between traditional loans and hard money loans. Do not assume they fall under the same...Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
The FHFA (Federal Housing Finance Agency) recently announced their new REO (Real Estate Owned) Program, which will be targeted as some of the hardest hit metro areas. You must be pre-qualified for this program in order to be able to bid on purchases in the pilot phase...Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
The laws governing trust deed investing will vary depending where the property is located, but there are some things that are important to know regarding how those transactions are handled. Before you contact a broker or hard money lender to discuss this type of...Mar 3, 2014 | Hard Money Blog, Hard Money Lenders Archives, HardMoneyMan.com News Archives
While trust deed investing carries less risk and volatility than other investments (stocks, bonds, mutual funds and other security instruments), there is still a margin of risk if the investor does not protect himself from the beginning. It is important for a trust...