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Susan Homeier
  • Chicago, IL
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Questions to ask Lenders

Susan Homeier
  • Chicago, IL
Posted Feb 20 2018, 12:18

I thought it might be a good idea to develop a checklist of questions/requirements/red flags to help with due diligence on Lenders.  

Please post if you can provide anything that you think is helpful, anything that might raise red flags. 

1) What title companies do you use to close, can you send me a list of those companies? (Then call those companies to find out what information that might provide about the lender. How many deals they have closed, with the lender, how many deals did not get funded.....

2) How do you transfer funds? (Western Union is not how funds are transferred on a Real Estate transaction.

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