How to vet a private lender as legit

[Keith W.]

I was approached via email an offer for private funding. The terms seem too good to be true. 100% financing. 100%LTV.

Loan term 1- 5 years. Option to pay monthly or annually. No prepayment penalty. All funding upfront. Credit score 350. 

Funds provided in 1-3 days. 

All I would have to bring to the table is the closing costs. 

My street senses are telling me that the money I'm bringing for closing costs could be lost if this guy is not legit. 

This would be my first deal and I really can't afford to make mistakes.

I've tried looking up his profile on social media and Google. 

[Rick Pozos]

I would never even think about using someone for a loan who contacts me from email. You have to be CRAZY to give someone your bank info, social and all kinds of personal information to someone you met on the internet!!!!

Deal with someone local who you can visit. See their office. See that they are legit. Makes me shake my head that people are so desperate to get a loan that they will gamble their identity. Meet the people from your local REIA.