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Re: Lender plus local foreclosure notice service..

Posted by Ward-CA- on November 24, 2001 at 6:29 AM

In Reply to: HARD MONEY LENDER & PREFORECLOSURE LIST posted by REO-MICH on November 23, 2001 at 8:08 PM

: I buy houses in michigan and am looking for a hard money lender that will loan 65%LTV on my deals. I am also looking for a Pre-foreclosure list of properties in michigan. THANK YOU IN ADVANCE FOR YOUR HELP.

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I have had good luck with Wells Fargo’s equity line of credit on five different deals. They don’t charge anything up front (they waive their $150 annual fee for the 1st year), the interest rate is variable and they will make a 70% LTV, non-owner occupied loan for 15 years.

To find a foreclosure notice service in MI you might try inquiring at a local real estate investment club. See http://www.creonline.com/clubs/clubs-mi.htm

Hope this helps.


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