WE WILL LOSE OUR JOBS IF DODD-FRANK ACT IS IMPLEMENTED

JOIN US IN THIS FIGHT TO SAVE HARD MONEY ON RESIDENTIAL PROPERTIES!!

To All Mortgage Brokers Who Lend Hard Money on Residential Properties, 

and To All Customers Who Ask For Money From Hard Money Lenders:

The Dodd-Frank Financial Reform Act was passed in 2010, with regulations to go into place as soon as July 21, 2011, and as the Dodd-Frank Act stands now, it will no longer be possible for your local hard money lender to lend any money on any residential property ever again.  The majority of my business nowadays is lending to people who want to buy, fix up, and live in an amazingly priced home.  The Dodd-Frank Act makes that impossible, and there is a very good chance that I will lose my business.

So, to all of the mortgage brokers that are lending on residential property, and who follow RESPA, TILA, MIDA, HOEPA, and the SAFE ACT, to all of those hard money lenders who are licensed both state and nationally, I ask you to join our campaign to educate Washington as to what a local hard money lender does; the customers we help to buy their own home, when no one else would give them the money; the business owners who need to get money out of their free and clear property so they could stay in business during the Great Recession, and we were there for them.  When Fannie Mae, and Freddie Mac, and FHA couldn't lend, we were there, and we kept on lending.  I ask you to write your story below and tell Washington what you do, and why you are a viable part of a community.

And to all of the borrowers who benefit from hard money; maybe you lost your home through no fault of your own; maybe you encountered severe illness, lost a job, lost a family wage-earner to death;, filed bankruptcy; whatever the situation and however you were help by a hard money lender to buy a house to live in, to buy a house to rent out, or to refinance and get some money out of your residential property, I ask you to write your story below and tell Washington how you were helped by a hard money lender; how your regular lender turned you down repeatedly; and why you think it is important to keep local hard money lenders active in the community for situations that cannot be met by conventional lending.

We have started a website totally devoted to this issue called www.Fix-Dodd-Frank.org and if you click below and go to the website, you can tell us your story, and find out exactly what the Dodd-Frank Act does which will eliminate a hard money lender's ability to lend on residential property.

PLEASE CLICK HERE TO WRITE YOUR STORY ABOUT HARD MONEY LENDING.