Remove Hard money loan Remove Mortgages Remove Sales
article thumbnail

Portrait of a pre-foreclosure peacemaker

Housing Wire

Sandoval said her approach is one that is difficult for banks and mortgage servicers to replicate, not only because of the face-to-face experience she offers but also because of the inherent – and often misguided– distrust that many distressed homeowners have for financial institutions. “There is nothing like that face to face.

article thumbnail

What Is a Hard Money Loan in Real Estate?

HomeLight

Are you considering a hard money loan to fast-track your next real estate investment? Whether you’re planning to flip a house or purchase a rental property, a streamlined hard money loan can be a helpful option. You can then make a strong offer on your next home with no home sale contingency.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Invest in Real Estate: A 7-Step Beginner’s Guide

The Close

Tax liens and auctions: Search for tax lien sales and foreclosure auctions. Listing websites: Sites like Zillow, MLS, Realtor.com, and LoopNet list properties for sale. Gather the property’s history and recent sale prices in the area to understand market trends. Hard money loans are most commonly used for fix-and-flip loans.

article thumbnail

How to vet private money lenders for real estate investing

Housing Wire

The problem with private money lenders is that good ones are hard to come by. Let’s look at what private money lenders do and how they operate, as well as the potential benefits of using private or hard money loans and how to locate and select a reputable private money lender.

article thumbnail

How to Buy a Multifamily Property in 10 Steps

The Close

Multifamily mortgage loans typically require 20% of the property price for a down payment, and there are inevitable maintenance and property management costs. The higher the home’s sale price, the higher your closing costs. That will get you more money to purchase and renovate a multifamily property.

article thumbnail

How to Buy a Preforeclosure Home in 9 Steps

The Close

Preforeclosure houses typically occur when a homeowner falls behind on mortgage payments, which results in loan default. During preforeclosure, homeowners have two main options: sell the property or pay off the outstanding loan balance. What Is a Preforeclosure Property?

article thumbnail

Hard Money Lenders West Palm Beach: Essential Tips

HomeLight

Thinking about using a hard money loan to finance your next real estate investment in West Palm Beach? These loans offer quick funding and flexible terms, making them a popular choice among investors looking to capitalize on the opportunities in competitive markets, where property typically changes hands quickly.