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jsmith21
139 Posts |
 Posted - 12/10/2008 : 5:27:19 PM
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Ive recieved a marketing fax from PacShores Mortgage Inc. stating they do stated income loans from a 350 FICO up to 65%LTV but this sounds to good to be true (not to mention their number is 800-400-0000 which is odd in itself). Has anyone ever worked with these guys or does anyone have any feedback that may help me determine if these guys are for real?
Thanks.
Jason Smith |
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MortgageBoarder
6790 Posts |
Posted - 12/10/2008 : 6:11:55 PM
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| Sounds like an old flier. PacShores/123 Loan has been out of business for a while now. |
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TheFinancier
1449 Posts |
Posted - 12/10/2008 : 6:56:03 PM
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Austin Jordan, he is a member of BO, I see him on here from time to time.
He is a average hard money guy in Los Angeles, don't expect miracles.
Low Loan amounts, Low LTV's, High Rates & High Fees.
Regardless of what his flyer says don't send him anything over 50% in my experience you will be wasting your time. Just like all hard money guys these days, He Picks and Chooses his deals carefully.
So don't expect a slam dunk when you send something over to him. In my opinion he TAKES HIS TIME (If you know what I mean).
Otherwise he's a cool guy. |
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