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