Also lenders don’t double close with people that have low credit scores or on properties that in the slum or run down areas.
Find a creative high power lawyer, and let them handle the paperwork.
Charlotte,
It might still be happening where you are, hence I said in most States. You cannot do it anywhere in the west. I do deals all over. I did a ton in 2005 that way, and every title company in the west says no now. Maybe it just hasn’t hit your State yet. I’ve been the rounds with many Title Attorneys and it is exactly that way out west.
My Hard Money is 2% points and 11% interest and he loves 3 days. We try to use his money 3-5 times a month. Just his points alone is 6-10% per month yield so he’s netting 72-120% on his money APR and it all stays in escrow. Safe for him and great for us.
Hello,
I have not heard of them, but I do offer a mentoring program. Let me know if you are interested and I can send you some information.