Private Money Q&A – Part 2 www.cmyates.net

Chris answers ALL of your questions about getting your real estate deals funded, and how to raise private money for them.

private money lending earn greater returns

private money lending earn greater returns

Has anyone been scammed out of money from Caldwell Lending Group?

I was guaranteed a $15K unsecured loan from Caldwell Lending Group. I was asked to send $2250 to private lender in Canada via wire transfer. I sent the money and no loan was allocated. I called and asked why, they said that they needed an additional $1650 to purchase a policy that would guarantee the lender 85% of the loan should I happen to default. Was once again guaranteed the monies would be wire transferred. I sent the additional monies, and was once again guaranteed the loan. No wire transfer happened and I called them back again. They said that the lender had released the loan, however, the Canadian government was holding it up and they needed an additional $1300 in taxes that had not been collected. At this time, I wised up and said, I am not sending you any more additional money and demanded my money back. I have not received any money back and have since discovered this is a typical scam. I wish to get the word out so nobody else goes through what I had to go through. I might get evicted from my home, because half of the money I sent was the for the December’s rent.

Raising Private Money – Good News and Bad News

www.realestatementorjacksonville.com – Learn the Good News and Bad News about Raising Private Money!

FHA-Backed Loans Revive Easy Credit And Risks To Gov’t

Citigroup to Sell Student Loan Unit at $500 Million Loss
The buyers, Discover Financial Services and Sallie Mae, will pick up billions of dollars in student loans.

Read more on New York Times

Senate Passes $30B Small Business Tax, Lending Package
Senate Democrats won a 61-38 vote to pass a measure that would establish a $30 billion government fund to open up lending for credit-starved small businesses, cut taxes and boost Small Business Administration loan programs.

Read more on Fox News

FHA-Backed Loans Revive Easy Credit And Risks To Gov’t
The subprime market as we knew it might be dead and buried. But it hasn’t really gone away. It’s just wearing new clothes — government issued by the Federal Housing Administration.

Read more on Investor’s Business Daily via Yahoo! News

Senate Passes $30 Billion Small Business Bill

Look to the economic powerhouses in Asia
Whilst most Western economies struggle to recover, much of Asia is showing strong growth with good prospects. A balanced portfolio should have a sensible weighting in Asia in view of its importance both in manufacturing and trading. (18/09/2010 07:00:00)

Read more on Yorkshire Post Today

Senate approves small business lending bill
Washington — The Senate passed a bill to boost small business, a measure that should help auto suppliers and other Michigan businesses win access to credit.

Read more on Detroit News

Senate Passes $30 Billion Small Business Bill
Long-Delayed Legislation Will Create Government Lending Fund to Provide Incentives, Tax Breaks

Read more on CBS News