Chapter 4 - Typical Borrowers

There are a number of reasons why borrowers require private money loans. Some of these reasons could be, but are not limited to the following:

Borrowers that need money quickly

Borrowers who have lost bank loans because of excessive conditions, declines or any other reason

Borrowers who do not want to waste their time undergoing the hassle of processing an institutional or bank loan

Borrowers interested in ground up construction

Borrowers who need a loan that has flexible conditions

Borrower has the opportunity to gain investment by utilizing the equity in their real estate.

Borrower is a non-profit organization (ex: churches, charities, etc.)

Borrower is in unfortunate circumstances that make it difficult for them to obtain bank assistance, circumstances such as:
? Poor credit
? Bankruptcy
? Irrevocable Trusts, etc.
? Tax Liens (estate, federal and state taxes, etc.)
? Other Liens (property taxes, judgment liens, etc.)
? Receivership or Foreclosure
? Property held in Trusts, Probate, etc.
? Divorce
? Unemployment
? Medical emergencies
? Etc.

Borrower has property with certain characteristics that make it difficult for them to obtain a loan from the bank, characteristics such as:
? A high vacancy-loan is required to increase the occupancy of the income property
? Partial construction of building or near completion
? Seismic retrofitting
? Property improvements
? Etc.

Trust Deed Loan

In short, Coppercrest Funding provides lending investment opportunities known as a Trust Deed.

00 in a 1 year trust deed investment that pays 10% compounded annually. While some loans can have a 15 year term, many have a three year term or less. Remember, only through asking questions will you learn all the facts of purchasing a trust deed. Choosing title insurance coverage 4.

The property will be put up for sale should the borrower default V also known as foreclosure.
1 1. Another reason to consider is trust deed investors that plan for their upcoming retirement (whether it is IRA, KEOGH, etc. The investor should check with the escrow agent to ensure that when the close of escrow occurs, an endorsement will follow. 00 and . For this reason, home interest rates are far lower in comparison to credit card rates.

Choosing title insurance coverage 4.
A trust deed is recorded as a lien on real property. A deed of trust is then documented at the county recorders office to legally notify the world that the property in question has now been pledged to secure a loan. What if a note is lost? Keep all documents and important papers that describe, and provide evidence and security for the loan, in a safe and accessible place.