Avatar's Blog

» Foreclosures, Bankruptcies and More

Posted on 11/19/2004
When applying for a hard money loan, let the loan officer know about all the 'bumps in your road' before the lender issues a letter of intent and term sheet. If you wait until you have paid $5,000 for the costs of due diligence, that money will be spent uncovering those bumps. You won't get funded and you'll be out $5,000.
Posted in Miscellaneous