New regulations on payday lending companies in Britain has resulted in a stagnation or slow down in the payday lending industry there, according to numbers from the FCA (Financial Conduct Authority). After strict r...
Newbie here. If I buy a property in Shelby County Tennessee (Memphis) via tax deed sale, what happens to the other liens that exist on the property? For example, I found one that has 16 liens against it from various...
Here on Bigger Pockets it is very popular to suggest that one can make loans through MLOs and avoid any responsibility for licensure and compliance. I have held that since January of 2014 that that is likely a very da...
Hard money lenders have earned a bad reputation in the area of lending for no good reason. In fact, they are often grouped into the same category as pay day lenders. Pay day lenders hold a larger share of the consumer...
There's a letter from 45 Congress members to HUD stating concerns about recent sales of notes to the big players. The letter states concerns that "speculators" don't put neighborhood stabilization at the top of the th...
We have a renter who has been paying rent via electronic payment every two weeks on the same day as his paycheck. This was working very well until a few weeks ago when the payments started bouncing. Because of our goo...
I found my first deal, and everything looked good. All the numbers worked out the way I wanted. We got pre-approved for financing, and our offer was accepted. We paid for the inspection, and it turned out well. Last n...
Has anyone ever done business with Cash Call Mortgage? I never heard of them before. Their name came up in a list of potential lenders I received from Lending Tree. I am planning to refinance my rental, so I want...
Anyone used these folks before?? Member of a group I am in on FB but the letter they send me looks unofficial.
Offering me loan at 5% interest for 30 years no prepayment. BUT there are some misspellings in the c...
I have spoke with a few different investors on this current deal I have under contract, with a heavy pay day. Most of these people are interested in partnering, lending, or providing some funding to an extent, but not...