Questions for Private Money Brokers / Lenders

[Karen Margrave]

What are you hearing from private and hard money lenders about what they're thinking on loans, etc. with the 'fiscal cliff' looming, Obamacare, etc.? Did the election change their point of view?

[Brian Burke]

I think lenders, private or otherwise, will be greater influenced by legislation at the state level than the presidential election. Things such as modifications to CAs prop 13, the new CA "homeowners bill of rights", etc will give lenders reason to be cautious.