Posted by Brandi_TX on March 21, 1999 at 12:38:29:
I have found a few Brokers that have Hard $ contacts, and will set it up. They are still asking for a credit app. Are you saying this isn’t normal?
PS- I thought I would say a belated thankyou for teaching me exactly what a Hard Money transaction is. That night in the chat room truly prepared me for the endless amount of phonecalls I had to make in order to find just one. I never thought I would be in a position to tell others (especially those who lend $ for a living) how it works. Believe it or not, I had most of them tell me “it can’t be done” or “That sounds like something they did in the 80’s during the S&L crisis. People don’t loan like that anymore.” I knew I was talking to a good potential, when they finished the sinario I gave and I didn’t have to explain it to them. Thanks for your knowledge and patients with me in the chat room.