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The Basics of Private Party Loans – Make Money Personal – Private party loans are loans where one individual pays another. They’re generally used for autos but can also refer to any loan between peers.. However, banks and credit unions know that there is money to be made in lending money, so they offer private party loans.. To document your private loan, write an agreement or use somebody else.
HARD-MONEY LENDING – lonestarlandlaw.com – Hard-money loan documents generally consist of a promissory note (sometimes called a real estate lien note or secured note), a commercial-style deed of trust and security agreement (although this document may be separated into two instruments); and occasionally a participation agreement (or equity participation agreement or profit-sharing.
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Pros and Cons of Hard Money Loans – Make Money Personal – Hard money is a way to borrow without using traditional mortgage lenders. Loans come from individuals or investors who lend money based (for the most part) on the property you’re using as collateral.
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How to resolve problems with a student loan servicer – Many student loan servicers have an ombudsman program that you can contact if you’re having a difficult time resolving a problem. Student loans can be complicated. Here’s how to work with servicers..
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