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Updated about 6 years ago on . Most recent reply

Mario Charity's profile image
Mario Charity's profile image
Mario Charity
  • Real Estate Agent
  • from Washington, DC
  • Member since Oct 19, 2018
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Mario Charity's profile image
Mario Charity's profile image
Mario Charity
  • Real Estate Agent
  • from Washington, DC
  • Member since Oct 19, 2018
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Mario Charity
  • Real Estate Agent
  • Washington, DC
0
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7
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Private Lending & Conventional Mortgage Advice

Private Money Lending

Mario Charity
  • Real Estate Agent
  • Washington, DC
Posted

Anyone here have to pay any upfront fees when they starting working with the private lender? Like origination fees, processing fees, etc.

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Ruby Bucio's profile image
Ruby Bucio's profile image
Ruby Bucio
  • Lender
  • from Dallas, Tx
  • Member since Jan 28, 2019
  • Posts 9
  • Votes 3
  • Experience 7 Yrs
  • Investments 2
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Ruby Bucio's profile image
Ruby Bucio's profile image
Ruby Bucio
  • Lender
  • from Dallas, Tx
  • Member since Jan 28, 2019
  • Posts 9
  • Votes 3
  • Experience 7 Yrs
  • Investments 2
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Ruby Bucio
  • Lender
  • Dallas, Tx
3
Votes |
9
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Ruby Bucio
  • Lender
  • Dallas, Tx
Replied

Definitely could be a scam. I was contacted not too long ago from a private investor who offered a rate that seemed too good to be true. They wanted an application fee upfront. Turned out to be a scam. Be cautious!

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