HOME > REAL ESTATE 101 > 20 REASONS

20 Reasons To Use Hard Money Loans
October 13, 2007

• Your credit scores are SUB 500 FICO score
• You need Interest Only Mortgage w/sub 500 FICOs
• Currently in Notice of Default
• Can't prove EMPLOYMENT
• The PROPERTY’S CURRENTLY LISTED for sale
• NO CREDIT HISTORY
• W-2 Wage Earners w/STATED INCOME/ASSETS
• SELF-EMPLOYED with NO BUSINESS LICENSE/ or CPA Letter
• There is NO TITLE HISTORY or SEASONING
• You need CASH-OUT
• The PROPERTY is in a TRUST
• Borrower has POOR PAY HISTORY
• Trying to avoid BANKRUPTCY CHAPTER 7
• The PROPERTY is in PROBATE
• Currently in FORBEARANCE AGREEMENT
• You need a fast SHORT-TERM solution
• You have a NON-OWNER Occupied with up to 4 UNITS
• NO MORTGAGE HISTORY AVAILABLE?
• You have large loan amounts UP TO $3,000,000
• You currently have a Notice of Sale

 

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