They will charge you for the actual repairs.

What will you do in 3 years if you still can't get a conventional loan?

There are different rules to commercial loans then conventional loans and mortgages.Commercials loans do not show up on your credit report unless you don't pay them or become deliquent.

They may charge you, if you're just starting out.

They may have a loan assumed at a lower than current market rates instead of having it paid off in a conventional sale, remaining on the hook at a lower rate.

The State took the view that the trust was established for only the home for sale and for the purpose of making a sale where he charged a fee.

However, if you have to do a double close, the end buyer probably can't use a conventional lender.

If LTV remains below 70% or 75%, how much higher are hard money loan interest rates and closing costs as compared to conventional loans?

At the time I had 14 or so rentals, about 1/2 of which were NICER, BIGGER, AT LEAST AS GOOD OF NEIGHBORHOODS as where I lived.One day after returning from a round of golf and enjoying a beer or 5 two of my DEADBEAT tenants brought their rent (and late charges) over to me.

Even a state program has to go through the local folks.Contact the people in charge of property taxes where the person lives.An example of a similar program: OR has (had?)