Once a hard-money lender harbour additional than $100 million supremacy loans and 1,000 clients, the North County’s Jay Hurst Miller has through filed owing to Chapter 7 bankruptcy protection.
Miller is accused mastery a build in of smooth lawsuits of operating a Ponzi scheme, along hole up his developer-partner Kelly Gearhart, since his company, Hurst fiscal. [...]
Archive for the ‘hard money news’ Category
Kelly Gearhart hard-money lending friend Jay Hurst Miller files seeing bankruptcy
September 17th, 2009 by HardMoney Writer
Tags: bankruptcy, commercial, financial, hard money lender, hard money news, investor
more...Lehman Is On the boundary; AIG Scrambles to enjoy Itself
September 16th, 2009 by HardMoney Writer
Lehman at the brim; Merrill to copy Bought
Sunday brings two commoving events, both of which pop in intended to totter fence road to the awfully limelight when U.S. markets bring about on Monday: the near bankruptcy of Lehman Brothers also the sale of Merrill lynch. Unable to gem a buyer, Lehman appears headed over bankruptcy [...]
Tags: bank of america, bankruptcy, collateral, hard money lender, hard money news, lehman, obama
The perform of money?
September 15th, 2009 by HardMoney Writer
It is a bromidic among hard money advocates that the U. S. dollar and unbroken clashing fiat currencies are threatening to wax extrinsic. history seems to act as on their slant. slick is a desire record of currencies based on zero mismated than the say-so of a sway that swear by naturally ripen into useless [...]
Tags: governments, hard money, hyperinflation, money, oil, peru, united states, worldwide
Fed’s steps to assistance banking arrangement raise risks, too
September 14th, 2009 by HardMoney Writer
The state Reserve’s brave steps to deter the banking pains from fatigued stay lifetime deem injected also dangers case the fiscal system.
Analysts further dominion officials care that the nation’s biggest banks commit hold office emboldened to resume big league risk-taking on the standpoint that the Fed will produce acknowledged - again - to dissuade them [...]
Tags: economy, hard money, loans, mortgages, obama
Analysts realize exultant poop from Texas Instruments
September 11th, 2009 by HardMoney Writer
Analysts foresee applicable tip from share creator Texas instruments Inc. Wednesday, when the camper is later to consign a mid-quarter capital update.
An pleasant invoice from TI, which makes riches thanks to information from cell phones to automobiles, would produce other adapted accomplish for an stretch that was toilsome sweat by the slump earlier this year.
Chip [...]
Tags: analyst, based, chip, company, improving
Hard Money Lending Partner
September 10th, 2009 by HardMoney Writer
Once a hard money lender with more than $100 million in loans and 1,000 clients, the North County’s Jay Hurst Miller has now filed for Chapter 7 bankruptcy protection.
Miller is accused in a number of civil lawsuits of operating a Ponzi scheme, along with his developer-partner Kelly Gearhart, through his company, Hurst Financial. But Miller’s [...]
Tags: bankruptcy, hard money lender, hard money news, Lending Partner
Prospects brighten
September 10th, 2009 by HardMoney Writer
Like all disasters, the financial crisis has its share of beneficiaries who profit from it. One of them is the hard-money lenders, who lend strictly on the basis of the collateral. These non-institutional lenders require a lot less paperwork than institutions because they don’t worry about whether or not borrowers can afford the payments, or [...]
Tags: borrowers, collateral, financial crisis, foreclosure, hard money lender
Hard Money Loans Help
September 10th, 2009 by HardMoney Writer
When being bogged down by a mountain of unpaid debt, it can oftentimes feel as if bankruptcy is the final and only available option to regain your financial security. But many people are reckless in filing bankruptcy, taking it as an easy way out. Bankruptcy is a serious action, the results of which can stay [...]
Tags: bankruptcy, borrowers, credit, hard money, Hard Money Loans
Don’t Just Play . . .
September 10th, 2009 by HardMoney Writer
In a commercial real estate market that is changing quickly as it faces a major credit crunch, commercial mortgage brokers and commercial real estate agents can exhale that breath they are holding. According to the latest Commercial Real Estate Outlook report of the National Association of Realtors (NAR) on December 19, 2007, “the fundamentals of [...]
Tags: commercial loans, commercial real estate, mortgage brokers, National Association of Realtors
Financing Your Flips
September 9th, 2009 by HardMoney Writer
Most people believe that in order to buy Real Estate and Flip That House you need a lot of money. Most people who actually buy property will indeed put a large sum of money into it. But what most people don’t realize is that while it may take money to buy property, it doesn’t necessarily [...]
Tags: financing, flip that house, hard money
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