I had someone reach out wanting to know terms for a deal he needs hard money for. Purchase price is $13,500. This will be an assignment of contract to an end buyer for $50,000. Not sure how to help him on this one. Can we do something like this?

I submitted a deal (for the buyer) on Friday that may be too messy for the back-office staff. I don’t even have a copy of the current PSA (just the numbers: current loan payoff, rehab cost, amount seller wants, etc.), but a foreclosure sale is coming up in less than 2 weeks, so I just submitted what I had. Buyer is actually hoping to close this upcoming week. Buyer and seller can make the purchase price whatever it needs to be to make the transaction work. Buyer needs an Echo (and a hard money loan). The seller understands and agrees that the ECHO amount + funding fee will come off their side of the HUD statement (paid from seller’s funds at settlement). A to B contract only. No double close. The reason it was really messy on the submission was because the buyer had the rehab cost, 12 months Interest Reserve, closing cost, etc. included in their purchase price. All the items are listed separately in the submission but totaled together as the purchase price. I didn’t realize this until after I submitted it. I don’t think any HML is going to do it that way because if that total amount is the purchase price that money belongs to the seller and not the buyer (to use for those expenses). For future submissions, should I try to get buyers to understand issues like this and clean up their contracts before submitting?

Hello! Does anyone know of a title company in Oakland, California, that is creative friendly? TIA! @Justin Pilakka

I have an investor asking about the turn a round time after submission, to know if clarification or additional information is needed?

Has anyone closed EMD deals with Fidelity title company in Texas? If so, how was your experience?