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Updated over 6 years ago on .

User Stats

5
Posts
7
Votes
Adam Vondersaar
  • Flipper/Rehabber
  • Indianapolis
7
Votes |
5
Posts

Having to disclose where you’re funding is from?

Adam Vondersaar
  • Flipper/Rehabber
  • Indianapolis
Posted

Hey guys, I have an accepted offer on a house right now and going through the conventional rehab loan process. We’re (my brother and I) are wanting to switch and use a hard money lender through my company (which I’ve never done before,) but my realtor is claiming that the seller’s agent told her that they will only accept a conventional loan or cash and that we have to disclose to them where we are getting our funding. I told my realtor that that doesn’t sound right or make any sense and the conventional loan agent I’ve been dealing with even told me I should go with a hard money lender for this situation and the seller shouldn’t need to know. Am I missing something here? Has anyone else been in this situation? Thanks.