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Robert Zolatn's Blog

By Robert Zolatn | Mortgage Broker
or Lender in 91601
  • Lending hard money in Will County Illinois

    Posted Under: General Area in Will County, Market Conditions in Will County, Financing in Will County, In My Neighborhood in Will County  |  October 3, 2010 11:58 PM  |  995 views  |  No comments

    Investor in trust deed also known as hard money lenders are therefore getting the courage to lend that is clearly showed itself on http://www.lendinguniverse.com hard money brokers again buying  leads of LTV lesser then 70%. Prices of real estate depressed properties in Will County Illinois is now trading at low $229900 Properties that are $413820 and more are experiencing slight reduction  in prices.

     

    Early on this year would stay away from mortgage leads higher than 50%-55% LTV on SFR but with the fear subsided and being more optimistic that stability of prices will pervade in local markets. Owner occupied properties are not welcomed by investors of private funds because of new regulations that make it extremely hard to lend by exposing the investors to legal challenge by the borrower in the future. 

  • Naperville Illinois Hard lenders

    Posted Under: Market Conditions in Naperville, Financing in Naperville, In My Neighborhood in Naperville  |  September 19, 2010 2:02 AM  |  1,033 views  |  No comments

     

    Private investors are now having  more confidence to lend that is evidence on http://www.lendinguniverse.com where hard money brokers again buying  leads with 60% LTV. Home values  in Naperville Illinois reached bottom for the lower level properties up to $371,300 Real estate maiden  prices  ranging $668,340 and more are still not stable in some parts of town.

     

    Few months back no one would go over about 47%-55% loan  to value on SFR or commercial properties but now that investors are no longer afraid and being more optimistic of more stable prices. Consumer loans are mostly avoided by hard money investors because of consumer protection  laws and rules enacted by the Federal and states and which make it  hard to invest by exposing the investors to future legal challenge by the borrower. 

  • Joliet Illinois Hard Money Loans

    Posted Under: Market Conditions in Joliet, Financing in Joliet, In My Neighborhood in Joliet  |  September 19, 2010 1:58 AM  |  1,159 views  |  No comments

     

    There is no better time to start lending hard money than when the real estate is at the bottom and at http://www.lendinguniverse.com brokers who specializing in hard money are trying to buy all the leads possible below 65% LTV. The maiden real estate home value of Joliet Illinois very much at 6 years low of $169,900 Properties ranging $305,820 or higher are still trading down every month.

     

    Only few months ago the most they will go was about 50%-52%  LTV on SFR or commercial but with the renewed optimism of relatively stable local market. Owner occupied properties that are not securing business related loans are not welcomed by brokers and investors of private money because of new consumer protection rules which make it  hard to lend by exposing the investors to legal challenge by the borrower in the future. 

 
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