Owner Finance/Hard Money

Qualifying for a loan can sometimes be difficult for a myriad of reasons. As an alternative to applying for a loan from a traditional bank, many people utilize what is commonly referred to as owner/seller financing or private/hard money loans. These owner/seller finance deals and private/hard money loans, while not being from a traditional bank, are still typically papered the same way as a traditional mortgage with documents such a deed of trust, promissory note, etc. which secure the lien to the property and allow for the lender to foreclose on the property in the event of a default.