All Forum Posts by: Vicki Trojnor

Ok newby here so what exactly is the difference between Hard money lenders and private investors 

wrong discussion for this post sorry 

ok, so most of that happened to me. Wells Fargo owned REO was on my watch list for Wells Fargo REO in my area, had really done a good outside look at the Home, been empty for 3 yrs. Went to the My local VFW. ( don t laugh but I asked about the previous owners etc lots of older local people in the VFW so, when it came on on Wells Fargo site as Listed jumped on it within listed asking price was 36,000. new it was a great deal because my realestate is my freind, saw the inside with 2 days. Wells Faergo had it listed about 2 weeks > Made offer at 36,000 Wells Fargo told my agent that 2 other parties were interest make my best offer so I put in for 36,500 signed contract on a Thursday, that wkend they said no and said I could buy it at the Auction thru Hudson and Marshall. Ok, so 2,000 fee to Hudson and Marshall on top of selling price reguardlless of price of home, not %. No opening bid listed and get this , no reserve at all on written listed on Hudson and Marshell web site for that home and bam went to bid immediately as auction started online, starting bid was 12,500 and had to go up 1,000 per bid and them Hudson & Marshall did Ghost bids till it went to 37,000 my top bid . and later I read that "reserve the right to raise the bids till it at least they hit the reserve price that Wells Fargo had set. Suggestion read Hudson and Marshalls listing/ minimum bids and reserve price if you can find it on the listing for the home

Vicki Trojnor

Jon,

Jon, you privately contacted me thru big pockets and when I tried to e mail at your listed e-mail it was returned and the listed phone # that you list here is disconected

Sorry Jon, your phone #is correct, i dialed wrong # but the e-mail address you post here won't go thru at the aol acct you list

Big scammers received e mails, checked out company, which does not exist. Axiom legiti in CA and only makes loans in CA and the one located in MA is legit

Already been scammed by another " private lender, don't want to have that happen again

Thank you for the reply Bernadette, checked out the link, but the minimum loan amount is $ 1000,000 Just don't need this much on the deal.

New here but just getting started, I had a project all lined up single family unit. Located upstate Ny minimum rehab work comps for recent sales run 67,000 to 75,00 need 45,000 bridge loan at 10 % for 12 months no points all paper work done abstract/title/survey/ inspection, other lender ( dubiuo\s at best ) Jon Cruz Realestate Investments CO pulls out 2 days before closing keeping my 2 months pre paid interest and also 750 fee for abstract that he never did. My attorney did do the abstract and survey at her own expense. I am covering all closing costs. If you know any one that would take on a smaller loan I would appreciate it. I am also offering to deposit into an escrow acct chosen by my attorney the amount of $800.00 per month. taxes run taxes run $ 300.00 month which would come out of the escrow account, balance of 500.00 month would stay in escrow leaving 6000.00 at the end of 12 period this is in addition to the monthly payment of 12 % interest on the 45, 000 loan. 5 ,000 rehab budget amount included in loan amount. Currently appraisded at 59,000.00 in as is condition. Comprable homes with rrecent sales run 64,000 to 75,000 selling price If i am unable to secure other financing at the end of the 12 month period the 6000.00 in escrow would revert to the lender, If i am able to secure other financing the 6000.00 reverts to me. I know this is a small loan, but because of messy divorce it's the only way I can swing it. If interested please e-mail me. I cannot delay the closing too much longer and every thing is in place you can e-mail at [email protected]. All papers for closing can be forwarded by my attorney

Sincerely

Vicki Trojnor

[email protected]

315 283 00309

Upstate NY