Most Hard money lenders will never lend on the appriased value. Banks and other lenders look at your purchase price as what the market truley is. If the property for much more than your buying the proeprty for then why isnt the property selling for the appriased price? People would be purchasing one day and flipping the next at a much higher price. Lenders feel your are the market because thats what the home is selling for and NOT the appriased value.

If you find someone who is discounting their home, ask them what they were originally selling it for, and tell them you'll give them their asking price without discounting the home (or at least not that much) but only on the condition that they will seller finance.

If they object Ask why. When they tell you why...

If they say: "But we don't own it free and clear" -That doesn't matter. They can create an All Inclusive Trust Deed (A.I.T.D.) or what is also known as a "wrap". It's like a circle within a circle. And if they say "but there is a due on sale clause" then they can deed the property into a trust named the same as their last name then their trust can sell you the property and the bank would have a hard time having the legal grounds to call the loan. The banks have bigger fish to fry- if it isn't broken why fix it right? I would have a hard time believing that they would call a loan that's fine when they have so many foreclosures going on.

And if they say: "But we want cash, we don't want to wait for our money"

That's where I come in: I am an investor that buys these kind of loans.

And I show property sellers how to sell their house faster by discounting their well created promissory note instead of discounting the property.

If they have any questions they can call me 9-5 m-f PST
Regards,
Andrew Distad
(760)-296-1573