Most people are familiar with the word mortgage. That instrument is hardly ever used in California and other western states. The mortgage is a two-party instrument and is, in fact, a contract for a loan. The two parties are the mortgagor (borrower) and mortgagee (lender). This loan contract is recorded against the real property.Unfortunately, a […]
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No Loan Fractions
THE DANGERS OF FRACTIONALIZED TRUST DEEDS For years, this company has been warning lenders about the inherent dangers of investing in fractionalized trust deeds. Though this practice is standard throughout the mortgage broker industry, it is definitely not to the lender’s advantage. For the sake of this discussion, assume a mortgage broker is approached by […]
Information for Lenders
V.I.P. has been arranging private party and pension plan trust deed investments in California since 1976. Our officers have over 100 years of combined trust deed experience. Most V.I.P. lenders have been with us for a decade or two and numerous references are available on our company and officers. Tired Of Bank Interest? EARN HIGHER RATES […]
The Most Common Question
By far the most frequent question asked by our lenders is, “WHY DIDN’T THEY GO TO THE BANK?” Most lenders do not appreciate the fact that banks do not have the ability to make rapid decisions and close a loan in a short period of time (usually 7 to 10 days) at the exact rate […]
Borrowers in Default
This Page is For Existing V.I.P. Borrowers in Default Contact V.I.P. to discuss payment options and forbearance agreements. Email: cheryl@viploan.com or Telephone: 818-248-0000 or 800-543-1199 The following documents should be available when contacting V.I.P.: Current Mortgage Statements of all loans on property other than V.I.P. Loans. Rental Agreements (if applicable). 10 digital photos of interior […]
Horse/Ranch Property Loans
Any property in California not owner occupied Land with or without structures 1st, 2nd, and 3rd Trust Deeds No money down loans* Substantial equity is important* Credit is unimportant We do not use banks or conventional sources for our loans. All V.I.P. loans are funded by our company or the use of private party funds. […]
Same Day Loan Approval
FAST CASH on your California Real Estate Usually 10-14 days after verification of equity V.I.P. has been arranging private party and pension plan equity loans on California property since 1976.Our officers have over 100 years of combined trust deed experience. We have earned a reputation for decades of immediate quotes, quick closings and “no-nonsense” deals.
Owner Occupied Loans
After 32 years V.I.P. now refuses to make any loans that are “Owner Occupied” …our State and Federal Government have passed a series of laws that now makes this area of loans too “borrower friendly”.. we owe too strong a duty to our private party lenders to subject them to these hurdles.. homeowners that need […]
REO Financing
For almost four decades V.I.P. has provided “quick financing” for the purchase of bank and lenders REO’s. We have provided many millions of dollars of rapid funding to professional buyers who have made offers “all cash, close in two weeks” ..This type of offer, together with a prequalification letter, works wonders with banks and really […]