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 Loans

Although this can be a problem, it is one that can be dealt with in several different ways such as:1.

At some point in your life you will retire, and like many other investors out there, you may be thinking about investing as part of your retirement plan. All that appears is what is displayed within the policy. If in the event the investor held a second deed of trust, and the initial trust deed holder began a foreclosure action, the investor would receive notification. Thus, even if you have a copy of the original, it will not suffice because only the original note is considered to be the life of the transfer. Even promises made orally should be written down.

Once the investor has the certified copy, the escrow company recognizes that the investor expects all conditions and terms of the escrow to be completed precisely.
It is also their responsibility to enforce on the borrower the loan agreement terms, so they respond in a proper and timely manner. The loans provided by Coppercrest Funding are first secured with deeds of trust on real estate, and in addition are supported with the borrowers personal guarantee. Without the constraints of such rules, private investors can provide quicker loans that do not follow the same rules as is required for traditional lending. _ A deed of trust usually involves a quicker foreclosure, because the most common type of foreclosure is a non-judicial one. Although it may appear that each title insurance policy listed above appear similar, that ALTA policy is recognized as being far superior to the CLTA policy.

Here are a few of the basic advantages that investing in trust deeds offers you as an investor:1.
Coppercrest Funding underwrites, solicits, processes and funds private money lending, and is extremely reliable because they have more than 25 years of experience in real estate lending. _ The security position of the owner of a trust deed is not shared with anyone. You should make it a point to know how the borrower is planning to pay the private money loan.