Posted by Michael Morrongiello on March 14, 2000 at 23:03:13:
Refer him to a lender that makes loans to credit blemished borrowers or Hard Money type loans.
Depending on your state and the mortgage broker act (if there even is one) that broker may be able to pay you a small referal fee,
Michael Morrongiello
Am I fishing in the wrong hole? - Posted by NB(ID)
Posted by NB(ID) on March 14, 2000 at 15:40:56:
Last fall I talked with a man who was facing foreclosure of $19,000 on a beautiful property that was appraised at $200,000+. He sold a piece of property and got out of that mess.
When I talked with him last fall, he told me he wanted to obtain a $40,000 loan using his guest house and large airplane hanger as collateral. At the time, I passed it up because of the forthcoming foreclosure mess.
I just talked with him today and he said he hadn’t done that $40,000 yet, but he was still considering it. Is there a way for me to be an intermediary here and make a few bucks?
Thanx for your input–and Angels on your body:)