Posted by Jim Kennedy - Houston, TX on November 03, 2000 at 17:37:26:
There is a pretty good explanation of hard money in the How To article entitled ?A Glossary Of Common Terms Used In Loans And Lending? by Ed Wachsman. You can find it at:
http://www.creonline.com/articl68.htm
Hope this helps.
Best of Success!!
Jim Kennedy,
Houston, TX