What do people do when They cant sell a property purchased with hard money?

Aug 29, 2009 in Hard Money Loans

Was just wondering, with all the economy mess today and slow sellers market, how do people really profit from hard money loans, when the property has to be sold in order to make profit? Thanks for any input

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One comment

knowitall on August 29, 2009 at 10:47 pm

The lenders make a great profit. It is the borrowers that are over a barrel. I am one of them. I totally renovated a great little all brick house with granite counter tops, all new SS appliances, and cannot get a buyer! It is priced very low, too. ( Decatur, GA)

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