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Updated 3 months ago on . Most recent reply

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Matthew Hull
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  • New to Real Estate
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Hard Money at Closing - What happens next?

Matthew Hull
Pro Member
  • New to Real Estate
Posted

What are the steps to closing a deal with hard money? Does it go down like a traditional mortgage (funds requested at closing, checks written, etc), or do they hand over the funds to your account beforehand so you can put the money up as if it is cash? Or does it look different?

  • Matthew Hull
  • Most Popular Reply

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    Jonathan Greene
    Professional Services
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    • Real Estate Consultant
    • Mendham, NJ
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    Jonathan Greene
    Professional Services
    Pro Member
    #5 Starting Out Contributor
    • Real Estate Consultant
    • Mendham, NJ
    Replied

    It is handled more like a traditional mortgage at closing through title. Your lead-up to closing just has a few less hoops.

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