Agents, investors, or borrowers trying to modify probably knows what I'm talking about when dealing with Ocwen was a horrible experience.Ocwen to Pay $2B for Servicing Violationshttp://www.dsnews.com/articles/ocwen-to-pay-2b-for-servicing-violations-2013-12-20YAY!

Frankly, I can or could help many of these borrowers, but I can't as I am not in compliance with the law and I'm not heading to court over the matter. :)

Private lenders are people who are not professional lenders but people who loan to you because they know and trust you.If you are borrowing from you best friend or your rich uncle Joe sending a letter may be insulting as Bill Gulley says.

You may be concerned, I'm not so much, probably a future micro bubble waiting to happen, but if you borrower from them, so long as you pay as agreed, you'd be fine.

Blanket loans can really tie you up and you become a captured borrower to that lender.

As a borrower, we like to have control of our properties and if you have no skin in the game, where is the argument to put title in your name?

By safe I mean the person borrowing has intimate knowledge of rei and a track record.

It usually depends upon deal particulars, loan amount, ltv, strength of project, strength of borrower, etc.Just my .02

It's very useful in understanding which type of borrower you're dealing with.

In some states and cities, the Mortgagee can be responsible for the Demotion Lien as well as the Property Owner (Borrower).