FUNDING: AVOIDING FRAUD
Avoiding Fraudulent Hard Money Lenders LEARNING THE RED FLAGS OF FRAUDULENT HARD MONEY LENDING WILL HELP YOU SAFEGUARD AGAINST THEM.
SANTOSH SALVE
H ard money loans have become popular for many investors because of their quick approval process and flexible terms. Given the demand for these loans, there has also been an increase in fraudulent hard money lenders who prey on unsuspecting borrowers.
protecting your investments and ensuring a smooth transaction. Falling victim to a scam can result in significant financial losses, damage to your credit, and a prolonged legal battle. Let’s explore the importance of recognizing fraudulent hard money lenders, the common tactics they
yourself with knowledge, you can confidently navigate the hard money lending landscape and focus on growing your real estate portfolio.
WHAT IS HARD MONEY LENDING?
Hard money lending is a way to borrow money using real estate as collateral. Instead of getting a loan from a bank, you
Identifying and avoiding these fraudulent lenders is crucial for
use, and how you can safeguard against these threats. By arming
18 | think realty magazine :: july - august 2024
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