A debt buyer is a businessperson that buys debt from creditors at a reduced price. Debt buyers generally pay a very low percentage. They buy debts such as credit cards, auto loans, medical bills, mortgages, retail accounts, and utility bills. Every debt buyer has [...]

A hard money loan is a secured loan backed by real estate. They are often regarded as "loans of last resort" or "bridge loans." This is because these loans are typically employed in real estate transactions, and the lenders are usually individuals or businesses [...]

Personal guarantees are legally binding agreements where an entity (the guarantor) enters into a contract to be responsible for another entity (the guaranteed) in a matter where the guarantor is a non-party. This kind of agreement usually occurs in debt situations, and it is [...]

Violations in the compliance of California's Threshold and Multi-Lender Broker reporting requirements are very common, largely due to the confusing nature of those requirements. Thus, as a mortgage broker in California, it is important to have some guide or a road map to help [...]

Simple, no! This question was engendered as a result of the clients' continual demand for interest on "hazard insurance proceeds" in escrow accounts. They based their claims on the fact that California, like 16 other states, demand lenders pay interest on mortgage loan's escrow [...]

For brokers or hard money lenders, there are lessons to learn. This dates back to 1966, when Joseph and Clarice Wyatt walked into Union Home Mortgage's office to borrow $2,500. What they didn't know is that the loan, and the lawsuit that would ensue [...]