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Updated 12 months ago on . Most recent reply

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Karl Venescar
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Condor Finance LLC Legitimate

Karl Venescar
Posted

Hello Fellow Investors,

Does anyone have any knowledge of Condor Finance LLC? They are offering to give me an emergency loan (one day), but they are asking me to pay the LPMI upfront. I have never heard of them, but I imagine one of you should have.

Thank you

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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
Replied
Quote from @Jay Hurst:
Quote from @Karl Venescar:

Thank you, Jay. Lender-Paid Mortgage Insurance.


 scam. 


Well team Jay says  there is no such thing as lender paid mortgage insurance on a private loan there is PMI that borrower pays on Fha type loans.

Also quick view of the website shows they advertise making VA and FHA loans.. But have no state or NMLS license on the front page of their website this a dead give away as that is required by law and any legit lender is going to hang their license where its suppose to be.
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JLH Capital Partners

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