Results 1 to 6 of 6
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03-11-2019, 12:21 PM #1
- Join Date
- Jan 2014
- Posts
- 1,378
reverse out to 10-11 months?
any lender do these reverse consolidation type deals out to 10-11months? no Im not sending to Par. anyone else?
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03-11-2019, 12:29 PM #2
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
Nope. 120-160 days tops. After that the risk is to high and a reverse on a prior funding within the last 30 days... than they'll stack on top again.
Amanda Kingsley
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03-11-2019, 12:59 PM #3
- Join Date
- Feb 2017
- Posts
- 3,450
Par just did a 246 payment deal for me!
Client reached out to me when things were getting tight for him. Broker got him 3 positions (after "consolidating" the first), then was going to close with WBL before (I'm sure) sending to Par. Client found me before the other broker could do anything like that to him, though. Par did a really great job, TBH.
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03-11-2019, 02:58 PM #4
- Join Date
- Mar 2016
- Posts
- 657
I've heard Silver Cup Funding does reverse deals and a couple of people on the forum have claimed to have funded with them in the past
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03-14-2019, 02:32 PM #5
- Join Date
- Dec 2015
- Posts
- 17
PAR is frowned upon and mess up a lot of clients. I have private money and investors we can do reverse consolidations 10-12 months easily depending on how strong the business is.
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03-15-2019, 10:40 AM #6
- Join Date
- Jan 2014
- Posts
- 1,378
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