Mesa, Arizona (PRWEB) October 25, 2013
Adam Child, President of Titan Capital Holdings of Mesa, Arizona announced today that Titan would be hosting a series of seminars on how to source and use ‘hard money’ loans to acquire property at the public foreclosure auctions.
“Properties purchased at the foreclosure auctions must be paid in full within 24 hours to a few days depending upon the state laws, so there is really no time to apply for conventional financing,” said Child. “Hard money ‘bridge’ loans are what investors can use short term to acquire the property, and then apply for traditional financing if they are going to keep the property, or just pay a few months interest and pay it back in full if they are using a ‘fix and flip’ strategy,” he said.
Child explained that not understanding the sourcing and using of hard money loans is what often keeps people from becoming investors. Unlike traditional mortgage loans, hard money loans can be approved in a few hours, as the loans are made heavily on the basis of the value of the property, the equity, and the borrower's ability to pay.
“Titan Capital Holdings will finance up to 80% of the property’s cost, and we can have the cash in the trustee's hands in less than 4 hours,” said Child.
Because understanding this is crucial for investors and Realtors who work with investors, Child and his team are holding 1 hour seminars at no charge to anyone who wants to attend. The schedule and registration page are at http://www.TitanCapitalHoldings.com.
“The demand has been strong and consistent,” said Child. “With a capital pool of up to $50 million available, we are well situated to handle almost any transaction,” he said.