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Updated 3 months ago,
Hard Money Loan For A Property That Will Become Primary Home Residence
Hello,
I am looking for hard money lenders that would be able to lend in the following situation:
I lent someone money as a hard money lender myself and they did not adhere to the contract terms. Therefore I acquired the property through a deed-in-lieu of foreclosure. The deed is now in my name legally and I need to pay off the first mortgage which is not in my name, before the home goes to sheriff sale.
I plan to make this home my primary residence and need a hard money loan for a short period 1-2 months so that I can refinance into a traditional loan.