Last fall I talked with a man who was facing foreclosure of $19,000 on a beautiful property that was appraised at $200,000+. He sold a piece of property and got out of that mess.
When I talked with him last fall, he told me he wanted to obtain a $40,000 loan using his guest house and large airplane hanger as collateral. At the time, I passed it up because of the forthcoming foreclosure mess.
I just talked with him today and he said he hadn’t done that $40,000 yet, but he was still considering it. Is there a way for me to be an intermediary here and make a few bucks?