Where Do I Find a Legitimate Private Lender?

[Angela Goode-Taylor]

I have been trying to find a legitimate private lender to fund an owner occupied REO. However, for the last 2-3 mos, all I have been experiencing are fraudulent scammers. They are asking for money and fees upfront and providing bogus Proof of Funds letters that anyone can pull of the internet. Even the format of all the loan applications are the same. Does anyone have any suggestions?

[Karen Margrave]

@Angela Goode-Taylor  Welcome to BP. You will find most people telling you that "private lenders" are people that you know, etc. However; what you are probably looking for is a loan through a mortgage broker using private individuals investment money rather than an institutional lender correct? 

There's a site that is private party lenders, and if I remember correctly, one of BP members is the one that started it. Here's the link. American Association of Private Party Lenders Youre' right in not wanting to pay upfront fees, etc. 

@Jay Hinrichs  can probably add more to this conversation since he's better versed in lending. Good luck.