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All Forum Posts by: Ziad Agarwal

Ziad Agarwal has started 1 posts and replied 1 times.

Private Lending & Conventional Mortgage Advice

Post: Hard Money loan default

Ziad AgarwalPosted
  • Posts 1
  • Votes 0

I have heard stories about hard money lenders taking a house that's in default. I am assuming that is not in a judicial foreclosure state that has to be auctioned off and gives the homeowner time to sell it. Although it isn't considered a residential property, they still have to go through a sheriff sale process in Pennsylvania, for example, which takes several months. Has anyone heard of something else happening?

0 Votes