Request Funds

Your Commitment: $495

Funding Commitment What you pay:
2% up to $250,000
2.49% for $250 - $650, 000
2.9% for $650,000 - 1 Million.
*(%=points)
All transactions over 1 Million require a private consultation.

1DayFunds is your 1-STOP resource to funds all your real estate back-to-back closings. We specialize in funding short sales, but can fund REO’s, wholesales, FSBO’s, commercial, bulk REO’s any other real estate double closings you need.

Note: We will not make less than $2,495 per loan. This is a minimum requirement.

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What We Need to Know
Who referred you?
Your Name:   
Company:
Position/Title:
Email:
Phone1:
Phone2:
Best time to reach you:
Address of the property you are buying:
City:
State:
Zip:
Amount you need: $
Date of closing:
Would you like to use our title company?
Do you have the $495 Funding Commitment?
“A” = Seller/Homeowner Information
Name:   
Phone 1:
Phone 2:
Name 2:(if married)   
Phone 1:
Phone 2:
Address:
(if different than subject property):
City:
State:
Zip:
“B” = Buyer/Investor Information (TYPICALLY YOU)
Name:   
Company or Trust:
FEIN# or Tax ID#:
Phone 1:
Phone 2:
Address:
City:
State:
Zip:
“C” = Retail/End Buyer
Name:   
Company or Trust:
Phone 1:
Phone 2:
Address:
City:
State:
Zip:
Title Company/Escrow Agent Information
Title Company Name or Attorney Name:
Contact Name:
Phone:
Fax:
Email:
Hours of Business:
Time Zone:
Anything Else We Should Know?:

1DayFunds Disclosure


ABC’s of “1DayFunds”

           
     At 1DayFunds we provide transaction funding for real estate investors who need funds to take actual title to a property for their quick turn title transfers.  These quick turn transfers are best described as three party deals with two separate closings. To explain this we like to call this type of deal an ABC closing.

 

     You as a real estate investor will be represented as Party B.  You will have found a property you have negotiated a great purchase price for from the owner whom we call Party A.  After this you will have found a qualified buyer called Party C that you contract with at a higher sales price to render your profits from.

 

 

     While the transaction from Party A to B is always fundable through 1DayFunds, more and more often there are complications either with state law, title insurance or lender requirements that encumber or ultimately kill your deal from party B to party C.  Why?

 

     With changes in today’s real estate and mortgage industry, “wet funds” have become required or in some cases mandatory.  Wet funds requirements make it impossible to transfer title from Party A to Party C without you (Party B) taking full legal title from Party A by bringing actual funds to close on that purchase.

 

     While this is not a problem for a few seasoned investors who can use their own cash to buy from A, many investors need all or additional funds from a no nonsense, quick turn transaction funding source.   That’s where 1DayFunds comes in.  As long as you meet some limited document requirements, we will fund your purchase from Party A so that you have full title to transfer to Party C on the same day.

 

 

 

 

 

 

 

123’s of “1DayFunds”


    1DayFunds provides no nonsense funding solutions for you consistently and easily; but, you need to be aware of a few of the pitfalls when closing your transaction with PARTY C and prepare accordingly.  We like to say that “Full disclosure is the only disclosure.”  First of all it is mandatory that both closings occur with the same title agent.  In addition it is of the utmost importance for you to make it known to 3 specific parties how the transaction is structured and that you are going to be selling your property the same day you are buying it.

 

     The party that needs to understand first and foremost is your buyer’s Lender.  If the lender is not made aware that you will be quick turning your title, problems will arise and possibly irreparable damage to your deal may occur.  While some state laws may allow you to transfer title to your property without bringing “wet funds” for your purchase from PARTY A, most mortgage lenders will not allow you to use your buyer’s loan funds to complete your A to B transaction.  Some guidelines now require you to actually hold legal title the day of funding or have what is called seasoned title. Seasoned title means that you have owned the property for a specific amount of time as required by individual mortgage companies underwriting policies.  

(As of this writing: Your buyer CANNOT utilize FHA financing.  FHA requires 90 days seasoned title.)

 

     It is important that you try and get your buyer qualified with lenders who can perform this type of transaction without question or concern. Local banks and credit unions usually do not care or are very lenient with any seasoning issues. If your buyer cannot qualify you should refer them directly to a retail branch of a major lender such as Countrywide, SunTrust Bank, or a Bank of America, who have allowed unseasoned title deals to close in the past. Understand these and other large institutional lenders are tightening their lending guidelines. You should make contact with your buyer’s loan representative as soon as the loan is applied for so you can disclose how the transaction is structured and the loan representative can verify with underwriting that this is not going to be a cause for concern. Just explain to them that although you are only going to be on title as long as it takes to sell it to your buyer, you will not be using the lenders’ funds to close your A to B transaction.  You will be bringing your own funds to the table.  Once this is clear you will also want to be sure that you are the person for the lender’s appraiser to contact. This is not to influence the value of the property, but to show the appraiser how your transaction is structured.  The appraiser will be required to show that you are not the seller of record at the time of the appraisal but they can note that you will be at the time of closing as could be evidenced by providing a copy of your purchase agreement from party A. This purchase agreement should be provided “only if necessary” to make the appraiser comfortable.  We prefer that you have an Option Agreement signed with your seller and then record a “Memorandum or Notice of Option Agreement” that will result in the same thing and then you could show the appraiser a copy of your recorded memorandum without disclosing actual numbers to him. We provide a copy of both the Option and Notice of Option documents in our “Downloads” section.

 

     After contact with the mortgage lender and appraiser you may need to contact us or someone else that is an approved closing agent who understand how to close this type of transaction.  Because you are making great money so quickly, many attorneys will feel uncomfortable with the deal and feel like there is something deeper and darker going on.  The fact is you are a great negotiator and an expert marketer so go ahead and brag and all the mysteries will be answered. It is important to us that you are educated on how best to utilize 1DayFunds and how we facilitate transactions. This way you aren’t caught off guard at the actual closing table and lose profits. The sky is the limit, so go out there and find some great deals and serve others.

I have carefully read the above disclosure.

Easy Processing

  • No Credit Checks
  • No Appraisals
  • No LTV (Loan to Value)

Lowest Fees

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  • 100% Funded

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