At Prudent Law, we have closed hundreds of private mortgages. These mortgages have ranged from as low as $10,000 to as high as a million dollars.
Private mortgage lending is a very specialized business and we have the expertise and experience to be able to assist you with private lending.
With our experience in acting for private lenders, the following are some of the things we can assist you with:
Have a borrower who needs their funds quickly? You need a lawyer that can act promptly while making sure you are protected. We can do that. We have closed private mortgages in as little as 4 hours while making sure that the lender is protected and gets a valid and binding mortgage.
We will provide you with all of the original signed documents and your registered mortgage within a few days of closing the deal. We take care of the organization of the paperwork so you can find every document you need years after closing.
We can create and register a mortgage against the property to protect your money and force the borrower to pay you back when the loan is due! We will create a custom mortgage document for each private mortgage and ensure that all special conditions of your commitment are incorporated into the mortgage. This helps with repayment and protects you if the borrower defaults.
We will review your mortgage commitment (don’t have one? We can help with that too) and ensure that all of the terms are satisfied by the borrower. For every condition, we will obtain written evidence of compliance before we request funds from you.
Identity theft and identity fraud continue to be grave concerns in the private lending industry. At Prudent Law, we do everything we can to protect our lenders from these issues. If we have concerns, we will let you know immediately and provide you with our expertise in helping prevent mortgage fraud.
What Makes Us Different?
At Prudent Law, we provide simple, clear and practical legal advice to your everyday legal issues. These are some of the differences you will notice: