Posted by JohnBoy on March 05, 2000 at 24:14:40:
It’s not a hard money lender. A true hard money lender loans solely on the value of the property. They don’t check credit, base their loans on FICO/BEACON scores and all that.
It doesn’t matter if your dead or alive, employeed or unemployeed, good credit/bad credit/no credit. The ONLY thing that matters is the actual current value of the property Vs. the LTV they will loan to. That’s a “Hard Money Lender”