Issue is they don’t know who the lien holder is so they have to investigate. 

The buyer then decided to use a private lender that had also failed to get him the funds to close on time. 

DSCR loans are loans issued by private lenders with proprietary and differentiated rules and guidelines and are typically included in “non-QM” securitizations.The advantage of conventional refinance loans is that they typically have the lowest interest rates and fees.

Private sale, with large potential for growth.

it also has its own private laundry room too. 

Now you have (a) shifted persons for a net gain because what would have been 100% tax payer funded is now at least partially private sector financed.

We took out 2 private loans from friends who wanted better return on money than what the banks gave them.

They do a private loan at 12% and are paying 7% on a HELOC The money you make in interest is taxed at ordinary income.

I love that you took the time to investigate WHO you would do business with, which is so important!

Do you use private capital to purchase homes?