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Updated over 5 years ago,
How not to get scammed by a private lender.
If you get a approached online by a person that represents himself as a private Lender, and can offer you a very good terms, but then he may request a deposit or a fee of a $1000 or so, then the best way not to loose that $1000 is to put it in escrow account count of you choice, that's how you not going to loose your deposit fee.