What is TRID?The TILA-RESPA Integrated Disclosures, also known as the "Know before You Owe" regulations were created by the Consumer Financial Protection Bureau in October 2015 and stipulate that any commercial private lenders (or private money lender for that matter) who transacts five or more
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02/03/2016
Private loans are not without risk.In 2009, Lloyd Charton opened his door to a friendly neighbor. Dan J. Harkey knew all abouthim. He congratulated him on his retirement, asked him about an upcoming vacation andincidentally mentioned that his hard money lending company, Point Center Financial Inc
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02/03/2016
The Rams are moving to LA and more than 100 athletes are looking for lodgings.On the surface, this doesn't seem to be too profitable for private investors. After all, most hard money dealers make their income through people looking for short term loans. Most of these people are unable to womr f
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02/02/2016
Stated income commercial real estate loans first emerged in 2008. Their innovator was the company Ameriquest. They were offered by banks as part of their regular repertoire and were cheaper than today. Then came the string of defaults, and banks pulled out as fast as they could. Today only a few
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02/01/2016
If hard money lending is new for you and you're wondering whether or not to commit yourself, this preview gives you some tips on getting started.The term hard money loans seems intimidating to some – maybe it’s the term ‘hard’ – but actually the system is similar to traditional bank lending wit
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02/01/2016
Your hard money lending situation somewhat reminds me of a Goliath vs. David encounter where you are the puny David facing the know-it-all seemingly omnipotent Goliath – namely hard money lender. In this way: Hard money lenders are typically savvy, highly skilled awfully knowledgeable individuals
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01/29/2016
Private money loans are notorious for having hidden costs. This is not because the hard - or private money lender deliberately tries to hide those costs. It is more often because few individuals are aware of the range of fees that are involved in the hard money or private loan process.Here’s a r
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01/27/2016
Some people are concerned about the intricacies of the hard money lending transaction wondering what is in store for them and how they’re going to manage it. The hard money lending process has gone through major changes over the past few years mainly becoming more rigid regarding regulations
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01/26/2016
Here’s an excellent question that hardly appears in print. And yet it’s one that most clients want to know.How do I get a hard money loan at a reasonable rate?Or others want to know how to get a cheap hard money loan. As though there was such a thing. This article explains why this is an impossib
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01/25/2016
Some news stories are harsh on private money lenders. They depict them as avaricious grabbers who are love latching onto your property when you default. The truth is that few of us want your property. We want you to get your building and succeed and we want to be assured that we have made the rig
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01/24/2016
