Experience with M&O funding or CPF Funding INC?

[Donald S.]

Hi everyone, 

I've been contacted by a person on Bigger pockets who works for CPF Funding, possibly a subsidiary of M&O Funding, but I cannot find any information regarding the 2 companies. I have requested proof that they are legit, but I wanted to see if anyone had experience with either of these entities? 

Or if anyone knows how to go about vetting a Hard Money Lender? 

[Jay Hinrichs]

careful.. LOTS Of fake lenders work BP  face book linkdin etc.

if you cant find anything on them I suspect you may have run into a fake.

the telling clue will be

1. rates too good to really be true or lower than industry norm

2. too quick to approve you..

3. they want a modest deposit up front and give some BS reason why the want it.

4. no website ( although many fraudsters have generic websites website alone does not mean anything.

5. check on licensing.. there are only about 12 states that require licesnes. not sure about our state though

But I would say 95% if you cant find anything on them.. and any of the things I said above are what they are telling you,, cheap rates small up front deposit.. probably not real and you will just lose your 500.00 bucks or whatever

Oh the other great one is you have to buy an insurance policy because your new or a little weak on the financial side.. there are NO insurance policies for private loans if you fail to pay.. that's just another fraudulent payment to a non exisitant entity.

real estate lending has become the new Nigerian prince scam..