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Updated almost 3 years ago,
HELP..Does this sound like a scam?
So I found this older woman on FB who says she is a private lender. Found her through a comment on someone else's FB post. I tell her I'm looking for a PML that is willing to lend down payment funds and holding costs for 6-8 month so that I can get a buy and hold property. Long story short she says she is okay with that and she does not charge any upfront fees. She said for 50K loan its 1K a month. But prior to funds being sent out she would need a picture of the front and back of my ID as well as my SSN. I'm a bit skeptical but her FB page shows she's been a member since 2010 and has 20 plus comments on her posts. I would only imagine if she was a scammer she wouldn't have been on this long. Her profile shows she is in Texas. What do you guys think?