InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Annual Reunion Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: When will you recognize that... Posted by hard money lender on April 28, 2009 at 10:17 AM In Reply to: When will you recognize that... posted by Rick, the Probate Guy on April 28, 2009 at 9:42 AM hi rick, no lenders that i know go to the extent of looking at the charges made by the municipality in which the property, that they want to lend on, is located. it would be nice to have all sorts of knowledge before making a loan. it would have been nice to be able to know that properties were gonna fall 30% or more, as well. i commend you for your knowledge about your business. not everyone wants to spend the enormous amount of time to become that knowledgeable. it is a business for you. you probably close 25 times more deals than i do. in the past, i might average 1 new deal a year. how much time would you spend on your education if you were closing one deal a year ? i circumvent spending that time by attempting to get very safe loans, and by learning who to do business with. on the first count, my track record shows my success. not until this huge financial crisis have i ever had to take over a property. on the second count, i have been extremely successful. this in part, due to my KNOWLEDGE of human behavior, and what to look out for. i have had several people from this board alone contact me, in regards to my lending knowledge. i know the MAJOR ISSUES regarding lending. the ones that can get you into real trouble. and i am still learning. title companies are no longer behaving as reputably as they once did. same is true of the appraisal industry. you see - i do use my KNOWLEDGE about some things - LOL. our current situation has made me make changes such that i am now even more conservative with my lending. continued thanks for all your support. Follow Ups: Re: When will you recognize that... Kristine-CA 7:50 PM, 04/28/09 (1) Re: When will you recognize that... hard money lender 9:33 PM, 04/28/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : hi rick, : no lenders that i know go to the extent of looking at the charges made by the municipality in which the property, that they want to lend on, is located. : it would be nice to have all sorts of knowledge before making a loan. : it would have been nice to be able to know that properties were gonna fall 30% or more, as well. : i commend you for your knowledge about your business. : not everyone wants to spend the enormous amount of time to become that knowledgeable. : it is a business for you. you probably close 25 times more deals than i do. in the past, i might average 1 new deal a year. : how much time would you spend on your education if you were closing one deal a year ? : i circumvent spending that time by attempting to get very safe loans, and by learning who to do business with. : on the first count, my track record shows my success. not until this huge financial crisis have i ever had to take over a property. : on the second count, i have been extremely successful. this in part, due to my KNOWLEDGE of human behavior, and what to look out for. : i have had several people from this board alone contact me, in regards to my lending knowledge. : i know the MAJOR ISSUES regarding lending. the ones that can get you into real trouble. : and i am still learning. title companies are no longer behaving as reputably as they once did. same is true of the appraisal industry. : you see - i do use my KNOWLEDGE about some things - LOL. : our current situation has made me make changes such that i am now even more conservative with my lending. : continued thanks for all your support. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-date("Y"), InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455