Real Estate Investing Forums

Real Estate Investing => Financing, Hard Money Lenders, Private Money => Topic started by: Admin on January 05, 2007, 10:43:35 am

Title: Protect Yourself As a Borrower...
Post by: Admin on January 05, 2007, 10:43:35 am
Some simple guidelines to protect yourself when entering into financing transactions.

* Do not deal with lenders outside the United States.

* Do not send money to anyone in advance to obtain a loan.

* Use your own attorney or a neutral third party for all financial transactions.

* Ask for references and contact them independently.
Title: Re:Protect Yourself As a Borrower...
Post by: Rich_in_CT on January 09, 2007, 02:24:21 pm
Also, it doesn't hurt to get referrals from people at your local REIA meeting.