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Financing in 90025 : Real Estate Advice

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  • Local Info2
  • Home Buying42
  • Home Selling8
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Activity 2
Sun Jun 14, 2015
Janicefisher8 answered:
A worry-free experience as I had the Credit rates from all the banks at my fingertips, plus excellent advice on which bundle would work best for my needs. Saves my time too, as it meant I didn't have to burn my lunch hours and Saturday mornings visiting different companies to compare their various packages. i am talking of my case with Myers Universal Corporation (MUC). this is a trusted credit offering corporation. you are to talk to them through email for guidelines: earlmyers1963@hotmail.com ... more
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Sun Jan 11, 2015
evesting answered:
Please be careful when using a hard money lender. I purchased a rental by the means you've stated. I purchased using a hard money lender and was unable to refi out of the loan. Since I was unable to refi, I paid the hard money lender cash for the property.

A few years after paying off the loan I was applying for a refi on a different property and that's when I learned the hard money lender sold my home to another company after I paid it off. I found out cause of the credit check buy the refi company. They seen I was paying taxes on the property and asked questions because they didn't see a mortgage on my credit report.

I told the refi company I paid off the loan so a mortgage wouldn't show cause i owned the house free and clear. They then checked with the hard money lender who stated they sold the property to someone else. However, the hard money company has my payoff on record. If the hard money company thought I still owed them on the mortgage I would have received mortgage statements and delinquent payment notices from the lender. I've never received anything after I paid off the mortgage. Now I'm trying to fight to get my money back.
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