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I am seeking a hard money lender in Slidell, LA. Must lend up to 70% ARV for house rehabbing. If you can help please let me know, thanks.
Matt
email: matthomebuyer@live.com
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I have recently noticed that with more and more short-sale and bank owned properties that a pre-qualification letter from your lender is required in order to submit an offer. Is it ordinary practice for lenders other than conventional to supply pre-qual letters to potential borrowers?
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Since you're looking at pre-foreclosures that don't need repairs, you may want to think about tying them up on contract and flipping them for a quick fee. If the mortgage balance is high they may be candidates for a short sale where you negotiate with the lender to discount the mortgage.
Depending on the spread between the pre-foreclosure price ...
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