With a robust real estate market in Houston, you may be thinking about purchasing a property as an investment. After all, home values reported in September 2020 are up in Houston by more than 11% year-over-year.
Posted by Jim Emerson
Nov 13, 2020 5:00:08 PM
With a robust real estate market in Houston, you may be thinking about purchasing a property as an investment. After all, home values reported in September 2020 are up in Houston by more than 11% year-over-year.
Topics: Hard Money Loans, houston hard money lenders, private mortgage investors, real estate
Posted by Jim Emerson
Nov 2, 2020 3:39:25 PM
Sadly, this is the mother of all mistakes made by people trying to save a few hundred dollars when they are dealing with a commercial or residential hard money loan. As a hard-money lender, I’ve seen genuinely heart-breaking tragedies.
Topics: mortgage loans, home buyers, mortgage process, real estate
Posted by Jim Emerson
Dec 13, 2019 9:37:25 AM
Sadly, this is the mother of all mistakes made by people trying to save a few hundred dollars when they are dealing with a commercial or residential hard money loan. As a hard-money lender, I’ve seen genuinely heart-breaking tragedies.
Topics: mortgage loans, private mortgage investors, real estate
Figure: 7 TAC §80.200(b)
"CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.”