Today, Host Joe Cucchiara welcomes Pam Foley, President and CEO of Foley Mortgage Group. Joe will start off by having Pam explain how private money (also called hard money) works and what situations people use it in. Pam then tells us how Foley Mortgage decided whether or not someone qualifies for a loan and gives us a few situations that demonstrate private money loans flexibility. Pam even educates us about the investors’ side of hard money.
Joe and Pam also respond to calls from listeners:
- Dave from Sonoma tells us about a second home he is considering selling to a friend and asks what steps he should take to help his friend finance this sale.
- John in Hayward asks if it is possible to get earnest money from private lending
- Kevin asks if he will be subject to the same regulations if he starts doing deeds of trusts with his own money instead of investors’ money.
Be sure to listen in between 3-4pm PST on AM 1220 KDOW. To learn more about all our hosts and how to contact them, simply visit www.reradiolive.com.