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Private Lending & Conventional Mortgage Advice

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Danny Nelson
  • Real Estate Agent
  • Port Saint Lucie, FL
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37
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Could this be a private money SCAM?

Danny Nelson
  • Real Estate Agent
  • Port Saint Lucie, FL
Posted Apr 26 2018, 09:39

This is random, but it just hit me that you could have the answer to this. I am speaking to a private money lender I met on LinkedIn, he's terms are cheaper, and more laxed than any other lender I have spoken to. So much so, I am starting to not trust it. feels too good to be true. The only commitment he asks me for, is a 1% origination fee. is there any documentation or proof I should be Asking him to provide me? I feel like he should be more worried or concerned lending me $170,000. How does he secure his money? How should the title look. do both of our names go on it, or ...? please help

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