Hard Money Process

Hard Money Process

Hard Money Process

There are two types of loans we typically fund:

1) Trustee Sale Funding
2) Traditional Funding Through Title
Short Sale | REO Purchase | Straight Sale From End User

Website-Trustee-Sales-Process

Traditional Funding Through Title

– Short Sale
– REO Purchase
– Straight Sale From End User

Borrower

– Receives Confirmation of Accepted Contract

Provides Clear Mortgage the Following Information:
– Property Address
– Purchase Price
– Your Estimate of the Property Value

Clear Mortgage

– Runs an In-House Valuation
– Determines Estimate of Home Value
– Determines Loan Amount
– Ask for Title Contact
– Contact Title Company for Title Insurance
– Create Loan Documents
– Deliver Loan Documents to Title Company
– Clear Mortgage Money Wired To Title Company

Borrower

– Signs Loan Documents

Title Company

– Disperses Funds to Selling Party

Clear Mortgage

(480) 777-1230
9399 S Priest Drive
Tempe, AZ 85284

Disclaimer: The content of this site simply provides general information for the consumer. It should not be considered legal advice, guidance, or gurantee of an offer of a loan or financing. This site may include links or references to third-party sites, resources, or content. These parties are not endorsed by Clear Mortgage nor is the accuracy of their information.

NMLS 149378
AZMB 0910780