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Updated almost 9 years ago,

User Stats

60
Posts
65
Votes
Edwin Williams
Pro Member
  • Investor
  • Dallas, TX
65
Votes |
60
Posts

Hard Money Process

Edwin Williams
Pro Member
  • Investor
  • Dallas, TX
Posted
Hey everyone. Here's the question. What's the process to document the lean on the property when you have a hard money lender. I'm thinking the hard money lender gives the money to the title company to hold. The title company puts the hard money lender let's call her "A" on the title as a lean holder. Once I pay A off what happens with the title how is that corrected to remove the lean. Are there other ways to handle this process to document the lean holder. I'm buying the property 100% cash.
  • Edwin Williams