How to Use a Personal Guaranty to Your Advantage

2022-01-11T02:35:12-08:00Private Money Lending|

The purpose of the guaranty has both legal and psychological sides. As a lender, it provides you with assurances while protecting the borrower's commitment through their guaranty. Even better, a personal guaranty holds the borrower's assets on this loan and the guarantor as an [...]

Anti-Deficiency and the Sham Guaranty Defense

2022-01-11T02:34:58-08:00Private Money Lending|

In California, the Code of Civil Procedure sections 580a, 580e, and 726 are anti-deficiency laws that forbid a lender from getting a deficiency judgment from a defaulter after there might have been a nonjudicial real property foreclosure. These statutes do not apply to guarantors. [...]

Got Solar? Questions to Ask When Underwriting a Home with Solar Power

2022-01-11T02:34:24-08:00Private Money Lending|

If private lenders are not informed about some issues, they won't be well-versed in certain rules and regulations about making deals. In this instance, solar power is gaining the most momentum in the United States in recent times, especially in homes. For instance, by [...]

How to Get Started in Private Money Lending

2022-01-11T02:32:30-08:00Private Money Lending|

Investing in real estate with private funds can be beneficial to both the private Lender and the investor. This guide defines private money lending, who can be a private lender, and the benefits and drawbacks. Private money lending is the alternative method of financing [...]

Arizona Landlord Liability Issue Checklist: What You Need To Know

2022-01-11T02:31:18-08:00Private Money Lending|

Property leasing comes with great responsibility, just as much as it brings great benefits. Unfortunately, operating outside these responsibilities, thus most times, ends up in court. This is why it is expedient to grasp the Landlord-Tenant Act fully. In Arizona, for instance, considering state [...]

How Hard Money Loans Help Savvy Real Estate Investors

2021-11-13T21:16:32-08:00Private Money Lending|

While it is true hard money loans may not be difficult to obtain, but they are not often easy to comprehend. Nevertheless, to some extent, some of the most successful investors use hard money. This article explains why it is such a valuable tool. [...]

Seller Carryback Financing: When the Seller Becomes the Bank/Lender

2021-11-13T21:16:39-08:00Private Money Lending|

Seller carryback financing refers to an act in which a seller doubles as the bank or Lender in possession of a second mortgage on a property. The buyer makes monthly payments in addition to their first mortgage. This increases the house value and makes [...]

Why You Should Consider a Deed in Lieu of Foreclosure?

2021-11-13T20:45:54-08:00Private Money Lending|

A Deed in Lieu of Foreclosure ("DIL") is a deed instrument that satisfies a loan, presenting a unique opportunity to avoid foreclosure and still satisfy both Lender and borrower. In this system, the borrower conveys all the interest in the property being secured to [...]

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