If it seems too good to be true, then it probably is.
That could be the mantra repeated by scores of investors entangled with several local hard money lenders responsible for San Luis Obispo County residents losing millions of dollars.
Some of the investors were professionals and business owners who considered themselves to be savvy enough to [...]
Posts Tagged ‘bankrupty’
Hard lessons for hard money investors
December 14th, 2009 by HardMoney Writer
Tags: bankrupty, Business owners, estate financial, hard money, hard money lenders, Hurst Financial, investors, real estate
more...Florida Hard Money Filling The Gap
November 27th, 2009 by HardMoney Writer
Hard money loans are known by many names. You may be familiar with the other names hard money loans go by such as “private money loans”, “hard equity loans”, “equity only loans”, “subprime loans” or “portfolio loans”. No matter what you call them they are filling the huge gap left by conventional lenders for investors [...]
Tags: bad credit, bankrupty, equity loans, foreclose, hard equity loans, hard money, hard money investors, Hard Money Loans, home owners, investors, lenders, mortgage brokerages, portfolio loans, private money loans, subprime loans
Behind a failed mortgage company
November 23rd, 2009 by HardMoney Writer
For years, Richard MacDonald’s investments with Financial Resources Mortgage in Meredith seemed like a sure thing. His deposits, which totaled more than $1 million, helped finance building projects across Northern New England. Interest checks arrived in the mail every month. And MacDonald felt secure knowing the construction sites were within an hour or two of [...]
Tags: bankrupty, bridge loans, broker deals, financial crisis, Financial Resources Mortgage, hard money, hard money lender, investments, investors, mortgage, private investors, real estate
Estate Financial lenders maintain exposed effect quack plight prestige which investors hidden millions
October 9th, 2009 by HardMoney Writer
With no finish of emotion, Estate Financial Inc. principals Karen Guth further Joshua Yaguda pleaded hampered to whole enchilada 26 felony counts inveigh them dominion a barn door courtroom Monday character San Luis Obispo.
The charges included fraudulently selling real estate-backed securities, illegally fascinating fresh than half a million dollars besides grand or destroying fund blessing [...]
Tags: bankrupty, commercial developers, dollar, estate financial, hard money, hard money news, investors, lender, lending business, news, real estate investments, subprime mortgage