Hard Money Loan For A Property That Will Become Primary Home Residence

[Jen Campos]

Hello, 

I am looking for hard money lenders that would be able to lend in the following situation:

I lent someone money as a hard money lender myself and they did not adhere to the contract terms. Therefore I acquired the property through a deed-in-lieu of foreclosure. The deed is now in my name legally and I need to pay off the first mortgage which is not in my name, before the home goes to sheriff sale. 

I plan to make this home my primary residence and need a hard money loan for a short period 1-2 months so that I can refinance into a traditional loan.

[Chris Seveney]

@Jen Campos

Getting a hard money loan for a primary is going to be extremely challenging due to compliance with consumer protection laws which are not valid on investment properties