Financial Term Of The Week

Blanket Loan
Also known as a blanket mortgage, this type of loan covers more than one parcel of property. Usually, individual parcels are released or partially released from the blanket loan / mortgage as the debt is paid off.

Hard Money Tip Of The Month

Foreclosure
Obtaining a Hard money loan can prevent a foreclosure. These loans are the type that bring out the best and the worst in hard money lenders. If you are facing foreclosure on a property (either one that you own or one that you want to purchase before it forecloses) hard money lenders may be your only resource for sufficient cash in a timely manner.