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Updated over 6 years ago,
over come fear when dealing with a private hard money lender
A few Months ago I was looking into actually purchasing this property and I didn’t have the funds to cover the purchase of the property. I began to look into a hard money sources and the Hardmoney lender Seemed to legitimate and we begin to go through the process and we got to actually making a payment in the payment was 1250. Initially I paid the 1250 then I had to pay an extra $200 contract fee then after paying the $200 attorney free, and he requested a final fee of $400. It seemed like every time I paid something there were there was always something else to be paid and I eventually I stop paying, never got the funding lost the deal. Now I am skeptical about Hard money lending and confused about what is the true process. Has anyone had any fear of hard money lenders and what were they?