Question on Lending!

[Akay O.]

Has anyone ever had a hard money lender pull out of a deal because the foreclosed owner is still in the property? I have just had this experience and unfortunately, it is jeopardizing my deal.

Another mistake I made was relying on one lender as opposed to pursuing several. If I had done so, with this one pulling out, I could have easily switched to another. Finding another lender will take a few weeks and seller is not willing to extend. Does anyone know a lender that can lend in a fe days with possibly a 30-50% down? I just need a lender that can go into this in a very short time frame. What other ways can funds be raised at such short notice??