In response to your original question, closing agents should handle private loans just like a bank loan. 

Surplus line is what I have been looking for as I am involved with an older property that is typically found to be uninsurable by a lot of other mainstream insurance companies due to the properties age and some of its original features and surroundings, I just have a question and have done some reading on this and it's really not too clear and it sounds it can go either way really with this and I'm fairly new to all this so I am learning a lot of things as I go but should the private non traditional mortgage lender be listed as additional insured while the person occupying & buying the home and also purchasing the property from the lender be listed as mortgagee?

Do you need license like you need to become a conventional loan broker aka originator (I happen to be one, licensed in NY and NJ).

Originally posted by @Taylor McClure:I was talking to a man a week or so ago, and he said that his friend used to buy properties that were a few days prior to foreclosure.

Originally posted by Account Closed:Robert Lindsley That's the exact issue.

DSCR loans are great products for those who need them, and we originate them everyday.

Purchase price: $565,000 Cash invested: $125,000 Listed Price: $585K (originally $585K, 30 days on market).

Closing costs typically range from 2 to 5 percent of the total loan amount, and they include fees for the appraisal, title insurance and origination and underwriting of the loan.”When it comes to closing costs, a trusted lender can guide you through specifics and answer any questions you may have.

Purchase price: $715,000 Cash invested: $297,000 Current Price: $830,000 (originally $950,000 on 4/13/2024, reduced by $120,000 in 6 months).

@Henry Clark @Jay Hinrichs This post was never meant to be about me as a Coach...notice my original post.