Fairfield Financial Services, Inc. - Private Money Loans, Lending & Borrowing

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Private money according to Wikipedia

Friday, July 1st, 2016

Clay Sparkman
It is never easy to come up with a universal definition/description of private money. I thought it would be interesting to see what Wikipedia had to say about it, so I looked it up and this is what I found:
Here
I have to say, I think *they* did a pretty good job of it. This [...]

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Loan offering in Portland, Oregon

Tuesday, April 29th, 2014

Clay Sparkman
We’ve had a lot of nice solid little loans come in lately. (As you know, we have a tradition of, from time to time, presenting one of the loans that we have placed or are in the process of placing, so that blog readers can (a) see the types of loans that we are [...]

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Rehab loan offering in Oregon

Thursday, October 3rd, 2013

S. Clay Sparkman
We’ve had a lot of nice solid little loans come in lately. As you know, we have a tradition of, from time to time, presenting one of the loans that we have placed or are in the process of placing, so that blog readers can see (a) the types of loans that we [...]

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Finding qualified commercial private money borrowers

Monday, April 22nd, 2013

Clay Sparkman
This item was originally posted on this site on 4/30/10. I had a sense that it might be relevant once again, and so I have rewritten it slightly and am posting here again. I hope you find it useful.
Most private money investors choose to work with brokers.  However it is a decision that each [...]

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Private loan packaging guidelines

Sunday, October 31st, 2010

Clay Sparkman
One of my long term objectives with this blog is to eventually walk with you through all of the private money loan processes and procedures, from the moment of conception until death (death of course not being a bad thing in my chosen metaphor, but simply meaning loan payoff, workout, or foreclosure).
This post deals [...]

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Question: what will it take to get the banks to lend?

Monday, June 14th, 2010

Clay Sparkman
Back in January, in my post entitled, “Won’t somebody please call a plumber … the banks are clogged,” I addressed what I consider to be the essential question regarding what it will take to get the real estate economy on track and moving in the right direction assertively and with confidence again.
And now, nearly [...]

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Won’t somebody please call a plumber … the banks are clogged

Tuesday, January 5th, 2010

Clay Sparkman
One of my dear good readers sent the following e-mail in response to my last post, Home strippers coming to a neighborhood near you.
“Good topic Clay.  Now forgetting about us private lenders, the conventional lenders continue to be their own worst enemies.  They persist in bringing the properties to the city hall steps at 40% over [...]

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Home strippers coming to a neighborhood near you

Tuesday, December 29th, 2009

Clay Sparkman
Okay, so I was told that if I wanted to get more people to read my posts, I need to utilize attention grabbing headlines.  (How am I doing so far?)  Now I’d like to see a show of hands, and please be honest here, as this is purely for scientific purposes and the results [...]

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The private money lending business: likes and gripes (part III)

Monday, October 19th, 2009

Clay Sparkman
I finished Part II with a brief mention of something I quite like about the trust deed system: that is, the option (generally available) to foreclose judicially.
Before moving on, I’d like to offer you a crude little decision tree which may guide investors in making the decision whether to foreclose a given trust deed [...]

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The private money lending business: likes and gripes (part I)

Thursday, September 24th, 2009

Clay Sparkman
I thought it would be kind of fun, and hopefully informative, to write a piece about my likes and gripes regarding the business of private money lending.  In other words, these are the things that tend to kick start my emotions and get me going.  There is a bit of free association going on [...]

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Twenty-five questions you must ask

Tuesday, September 15th, 2009

Clay Sparkman
I’m going to make a list today of twenty-five important questions that I believe an investor must ask prior to funding any private money loan transaction.  I’m not going to elaborate much on each particular item here, but will drill down on each of the individual items in future posts.  For the sake [...]

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Resources – where is all the good stuff?

Sunday, August 30th, 2009

Clay Sparkman

As I continue my search for resources that might be useful to those who invest in real estate secured loans, I become increasingly convinced that our particular niche field is somewhat of an intellectual/informational wasteland.  Every time I stumble upon an article or site that looks like it might be of interest, it [...]

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