"No Doc" Hard Money Lender Las Vegas

Asked by Lasthouseontheleft, Las Vegas, NV Sun Apr 8, 2012

Looking for a "no doc" hard money lender in Las Vegas.

I own my home outright, purchased for 130k six months ago. Interested in borrowing 60k for a 6-10 year term.

Any help would be appreciated.

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Ron Thomas, Agent, Fresno, CA
Tue Jun 4, 2013
Over a YEAR old;
Wonder if you've gotten any better advice.
0 votes
lasvegasmls, Home Buyer, Las Vegas, NV
Tue Jun 4, 2013
Unfortunately in the State of Nevada it is against the law as of October 2010 for anyone to lend money to a homeowner using their home as security without verification of the ability to repay the loan (verifying income). Hard money lenders beware you must verify income. We just handled a case where we filed a complaint with the Attorney General's office and they pursued the case where the hard money lender gave a loan without verifying the borrower's ability to repay it. The punishment is a misdemeanor and fine up to three times the amount of any losses incurred to the homeowner. Basically you could never foreclose if the borrower did not pay.

Law Office
0 votes
intlmktg1@ho…, , Las Vegas, NV
Mon Sep 10, 2012
I have 60K cash call me @ 9162039370 so I can take a look at the property


0 votes
Matthew D'Er…, Agent, Las Vegas, NV
Sun Apr 8, 2012
Call me Monday.

Matthew D’Ercole
One Source Realty and Management
Cell - 702.501.0973
"A Nation of Sheep Breeds a Government of Wolves".
Know the Constitution & Bill of Rights.
Website - http://matthewsellslasvegas.las.mlxchange.com
0 votes
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