Financing and Credit

What happened to the hard money list? I lost all of my recent research to a Vist glitch. I had a potential hard money lender that I got from the list, but I can't find the list anymore.

Thanks,

reighnie

Does anyone know how long it takes after a bankruptcy, before someone can qualify to get an FHA loan? I have a couple who went through a bankruptcy early this year, that want to do a lease option on my Auction Home. I want to sell in less than a year to get my down payment back, and make more investments. They will have the money in about 3 months for down payment and closing costs.

Al

hard money lenders are doing a thriving business in todays climate. If you are not getting the financing you need try these lenders. I would do a google search to find those near you.

So in my last post i said i need to make an offer on a house and need proof of funds. I talked to my bank and he said he has no doubt that he can get me approved but it may take some time.

So I need to make an offer on this asap and I know i can get an HML to give me POF but my question is if my offer is accepted can i then use my funds or since i made an offer with there POF do i have to use there funds???

Hope this isn't confusing!!! lol

Thanks
Shaun

Hello to All,

I am just getting into Real Estate investing ... buying properties, rehabbing them and then either selling them ... or refinancing them and renting them for income.

I've been talking with several private and hard money lenders and they said that before the credit crunch only about 15% of hard/private money deals went to refinance as an exit strategy ... most were sold on the open market, but now ... up to 91% are going to refinance to get the lenders paid off in a timely manner.

My name is Joe Terry.

I've read Dean Graziosi's book BARM, as well as taken other real estate courses. I'm ready to begin my investment career and I'm building a list of properties that are great investments.

I prefer to invest in distressed single-family homes, but I will consider multi-family, if specific investors prefer that kind of investment.

I have chosen to operate in zipcodes (60628, 70714, among a few others). This way I get to know the areas, develop contacts and learn local trends.

1) I have a list of properties that should make great rehab opportunities in Chicago.

Can I offer owner financing if I sell my house? I have a mortgage still of $197,000.00 and am selling my house for $ 220,000.00. If I can offer owner financing how does it work? I have been having a hard time selling my house in today's market and figure if I offer owner financing or lease option I will get a better response. Correct me if I am wrong.

Investor Report: Investing by December 1st
by Kenneth R. Harney
If you're planning to buy investment property and financing it through a lender who sells to Fannie Mae, keep the date December First in mind. Nail down your mortgage commitments quickly -- in the next six weeks if you can.

That because Fannie -- who's traditionally been a key source of funding -- plans to load on extra fees across the board for investor loans purchased after December 1st because of market conditions. Freddie Mac is imposing similar fees, but its increases take effect November 7th.

So i found a rehab deal that i am most likely going to use hard money on. Haven't found a HML yet and I don't want to let this property get away. It is an REO and of course must show proof of funds for the bank to even look at the offer.

Is there anyway to get around this and get my offer submitted without showing proof of funds since i don't have a HML yet? I'm afraid that the property is going to get locked up while im searching!!

Ok Guys,

We all know the situation the market is in today and we can visually see how it is affecting real estate, and has been, for a while now.

Well I am hearing on www.deangraziosi.com, a whole lot of people asking about how they will get financing if the banks are not lending.