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Updated almost 7 years ago on . Most recent reply
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Earnest money stolen - Best way to get the cash to save the deal
Hi,
I have purchased 6 houses prior to going in to Escrow on a 2.5 acre with a house residential property in Winchester, CA on the border of Temecula, CA (new wine country in Socalif).
My Earnest money was stolen and I am trying to find an investor or an organization that I can get a short term loan until the bank finishes their investigation etc. and SAVE THE DEAL/PROPERTY. Any ideas are welcome - this is URGENT!
Thank you!
Valerie Stevens
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Originally posted by @Valerie Emma Stevens:
Hi,
I have purchased 6 houses prior to going in to Escrow on a 2.5 acre with a house residential property in Winchester, CA on the border of Temecula, CA (new wine country in Socalif).
My Earnest money was stolen and I am trying to find an investor or an organization that I can get a short term loan until the bank finishes their investigation etc. and SAVE THE DEAL/PROPERTY. Any ideas are welcome - this is URGENT!
Thank you!
Valerie Stevens
Hi Valerie,
Just switch to a higher LTV option, close as scheduled, find the money, put it back into the property, and refinance into your original financing that you had lined up.