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Or instead of spending the time or money to rehab the house they market it to another real estate investor with the profit. In either case they not retain the house for a long time so they can pay the difficult Money Loan the particular resale revenue.
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Auto title loans are another type of high-interest line of credit. Essentially, you sign your title (car ownership rights) over into the lender. These are generally short-term loans, and if you repay the borrowed funds you obtain a title classes . your word.
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