Financing in Walnut Creek>Question Details

Seller and b…, Home Buyer in Danville, CA

Any lenders in my area can close escrow within 2 week. (Full Document-30 year conforming). It's a short sale situation. It's very

Asked by Seller and buyer, Danville, CA Sun Nov 29, 2009

important to close on time. Any recomendation is highly appreciated.

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If you can get me a full loan application and income documents in one day, we can close in 2 weeks.
0 votes Thank Flag Link Mon Nov 30, 2009
Hello Seller and Buyer:

In our area, "hard money" can be found at Granite Financials Loans here in San Jose--even the brokers in your area seem to refer hard money clients to Granite. There are other Granite Financials, but they appear to be financial planning companies and NOT the hard money lender. You can reach them at (408) 257-1681 or at their website at http://www.granitefinancialloans.com.

One caveat..."hard money" loans, which are those who lend prefer the name "private money lenders", are not cheap. Both points on the front end (upwards of 2 or 3% of the loan) as well as interest on the loan (upwards of 10 percent or more) can be very expensive. Closing costs will be enormous to cover the fees associated with obtaining and arranging a private money options, so be prepared.

Sincerely,
Grace Morioka, SRES, e-Pro
Area Pro Realty
San Jose, CA
0 votes Thank Flag Link Mon Nov 30, 2009
Hard money is another option.
0 votes Thank Flag Link Sun Nov 29, 2009
Hello Seller:

All things are possible provided you have a credit score high enough and down payment sufficient enough to qualify. You can contact two people:

Jay Weisbrod at Lighthouse Lending at 925-855-8006
Jay Deimling at Property Network at 408-806-9870

Jay W. is a former VP at WaMu in the loans department and is well connected with lenders. Jay D is a 25 year plus veteran of home loans and I've found him to be wonderful in getting the most impossible things done. Both loan brokers are excellent and, if a lender in our area will allow you to close in two weeks, these are the two gentlemen who can make it possible.

Let both of them know I referred you, so that they can begin working on your file right away.

Sincerely,
Grace Morioka, SRES, e-Pro
Area Pro Realty
San Jose, CA
0 votes Thank Flag Link Sun Nov 29, 2009
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