So at that point you have an unsecured note and your recourse is to sue on the note if they wont pay.. and or sue for fraud if they never gave your security but inticed you to make this loan saying there would be security.. so as to not throw your borrower under the bus here you may not be fully aware of what deal you actually made.hope this helps giving you next step but if its a significant amount of money I would get a consult with a RE attorney.

Peer to peer financing is just and unsecured loan backed through people - we used prosper.com.

Is there a site/business/bank that specializes in unsecured loans for a down payment?

Looking for unsecured loans/ credit lines to use for six months to a year.

Has anyone approached a bank / financial institution to propose opening an UNSECURED line of credit solely for use to buy, rehab and either hold or flip?

The bigger problem with email is that it in not secure and you are asking someone to their information including social security number in an unsecure method.

@Michael King the cap I saw as $25k unsecured and up to $2m secured.

If the HML doesn't allow it, the private money will need to be unsecured or secured by some other property.

So this lien is unsecured from the property as a result of the foreclosure.  

(LEH) filed for Chapter 11 bankruptcy Monday in New York, listing debts of $613 billion and naming as unsecured creditors owed hundreds of millions of dollars banks from Tokyo, Hong Kong, New York, Singapore and Taipei, among others.