The construction or renovation lender does not exist in a bubble. The construction industry doesn't either. Both entities are perpetually at the mercy of any existing economic climate, which means they constantly need to make decisions to reflect current realities. An increase in the [...]
In the renovation and construction lenders' community, the discussion continues to rage about the differences, best use, and practices on two insurance policy products. The products are: General Liability Insurance Builder's Risk Insurance The conversation on these two policies is quite surprising, given that [...]
Mortgage brokers and hard money lenders have a relationship that is similar to that of bankers and stockbrokers. The mortgage broker community attracts the highest number of top-quality leads, which eventually piggies back to hard money lenders. Are you curious about how mortgage brokers [...]
What Is A Trust Deed? There are different ways of giving loans to a real estate borrower. One of such ways is for the lender, also referred to as an investor, to provide the loan using real estate as collateral. The term 'Trust Deed' [...]
The cannabis business over the years has witnessed several legislations changing the legal status of Marijuana. Although Marijuana is still seen as legal in some form in about 25 states in the United States, it is still considered a Schedule 1 substance at the [...]
A Personal Guaranty Contract is a legal tool favouring lenders. Debts are recovered with this tool even when the property securing the debt has been foreclosed. Regardless of this contract, lenders face some limitations during the recovery process because of deficits. A personal guaranty [...]
Lenders can't charge just any interest rate because specific standards bind them under usury laws. This law has always had a long history of protecting borrowers from exorbitant interest rates on loans. So lenders ought to understand the basics. Else, they will be caught [...]
The major difference between title insurance and other types of insurance covers is in its function. For homeowners and lenders, title insurance is the ultimate cover against defects and encroachments on their property title. Defects in this context usually include forgery, fraudulent ownership claims, [...]
Without a doubt, loaning to borrowers will always be a risky business to venture into. In particular, private construction lenders face more risks than usual. For example, by betting on a construction project, private lenders have to ignore the possibility that the project might [...]
The California Consumer Privacy Act (CCPA) is a landmark legislation measure that establishes a slew of new privacy rights for California individuals and stringent requirements for businesses that collect personal information about them. The act took effect on the 1st of January, 2020. Personal [...]
