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Robert Zolatn's Blog

By Robert Zolatn | Mortgage Broker
or Lender in 91601

Burbank California hard loans

 

Private investors have renewed  confidence in lending short terms at hard money  rates and at http://www.lendinguniverse.com hard money brokers double and triple their lead purchases of under 67% LTV. The latest real estate properties in Burbank California seemed to bottom at about $529,000. Real estate home prices  ranging $952,200 or more are still moving down in some areas .   

Few months back hard money investor would not consider anything above 50% LTV on any real estate however in drastic change of view and optimism that stability of prices will pervade in local markets more private investors are willing to  invest in equity trust deeds. This is only true to non owner occupied, owner occupied properties securing business loans. Owner occupied properties that secure non business related loans are not welcomed by investors of private funds because of new consumer lending regulations that make it extremely hard to lend by exposing the investors to legal challenge regardless of their equity position.

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