Q: I have a hard money loan for the house that i occupied! Is this ilegal? To give loan on this terms?
I think there are initially two issues. What makes you feel this loan is illegal? And, exactly what did you say on the loan application?
Hard money loans are not automatically illegal but normally are made to persons who own a business and are intended for business purposes instead of consumer purposes.
So, further info is needed. However an in person review ASAP with one or more lawyers will do you a whole lot more good than a thousand impersonal questions on a website.
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