Ready to buy again? Don't let a previous short sale, foreclosure, bankruptcy or other "bad credit" situation get in your way. Contact Source Capital's private loan specialists!

From the information I have gathered, I have now learned, a short sale is an alternative to a foreclosure. It does, however still impact someone’s credit report negatively. I can only imagine it must also be as stressful and emotional, as a foreclosure or similar situation is.

Basically when the sale of a piece of real estate falls short of debts secured by liens against the property, it is referred to as a “short sale.” It is an agreement whereas the lien holders agree to remove any liens to allow the sale to happen. When they release the liens, they agree to accept a smaller payoff than has actually accrued. This does not necessarily mean the borrower does not have to repay the unpaid balance, known as a “deficiency.” This may be the case, but only if it is mutually agreed upon between both parties.

I love the video at the link below! It is a simple and easy to understand explanation of a short sale and the associated process.

Learn what a short sale is in one and a half minutes!

Just as more people than ever are being forced to go through the foreclosure process, the short sale option is being chosen by more people also. Regardless of whether you have experienced one of these situations, bankruptcy or some other issue, resulting in poor credit, don’t give up your dream of becoming a property owner again.

Source Capital Funding, Inc. is a direct, private hard money lender that provides hard money loans throughout California and Arizona.  We lend in all major cities in California including, Los Angeles, San Diego, San Jose, San Francisco, Fresno, Sacramento, Anaheim, Bakersfield, Riverside and in Arizona cities including, Phoenix, Tucson, Mesa, Chandler, Glendale and Scottsdale.  If you need a private hard money lender to fund your hard money loan, Source Capital Funding can be reached at 858.705.6144. -Sindi Somers

Happy 100th Birthday, BBB!

Most people have heard of the Better Business Bureau a.k.a. the BBB. But what is it exactly? The BBB is a corporation founded, believe it or not, in 1912! That’s right. It celebrates its Centennial this year, as it turns 100 years old.

The BBB consists of separately governed and incorporated local organizations throughout the United States and Canada wearing the name Better Business Bureau. These independently operated branches are affiliated with the Council of Better Business Bureaus (CBBB).

Okay. So that’s who they are, but still what do they do? The Better Business Bureau gathers and records information it receives about businesses, both locally and nationally. It is the collection of this information that determines the grade given to established members, as well as, whether or not a business will be granted membership.

The BBB plays an even larger role and it is an important one. It publicly reveals details about business reliability, legal issues and ethical conduct. The BBB acts as a trusted liaison between consumers and businesses sharing this information and resolving disputes.

According to the BBB’s website, their mission is “advancing marketplace trust.” Below is a link to the “Standards of Trust” expected of members.

The Better Business Bureau Standards of Trust

Hard money lender, Source Capital is a respected member of both the San Diego, California and Arizona Better Business Bureaus. They maintain a grade of “A” from both chapters. This means that they meet all of the requirements and standards of conduct. Below are links to Source Capital’s BBB profiles for San Diego and Arizona.

Grade A member of the San Diego Better Business Bureau

Grade A member of the Arizona Better Business Bureau

The BBB gives an "A" to Source Capital.

In general, having this information is helpful when choosing who to do business with. The hard money industry has a known history of unscrupulous dealings. When selecting a business within such a controversial grouping, a high Better Business Bureau rating becomes even more important.

North San Diego County, Rancho Bernardo based private money lender, Source Capital is the whole package. They are not only formally rated as exceptional in the areas of professionalism, integrity and ethical conduct, by the BBB, but their clients testimonials mirror the validation of these attributes.

If you have experienced a foreclosure, short sale or have established bad credit at some point along the way, you don’t have to settle for just any private lender. Whether seeking a real estate or construction loan, contact San Diego hard money lender, Source Capital. Give them a chance and they certainly will give you another one too.

Not only do real estate loan experts, Sacha Ferrandi and Pat Hook have a reputation for their compassion and support of hard money borrowers, but they are also well respected among investors. If you are looking for a safe, low risk, high return real estate investment opportunity, Source Capital’s private money investment programs, could be just what you are looking for.

Contact Sacha or Pat by calling 858.705.6144 or via email using their online form. To learn more about what loan and investment clients are saying about Source Capital, visit their Google profile page. If you have worked with San Diego’s premier private money lender, Source Capital, feel free to share your experience by adding your testimonial to our Google page. Thank you and happy Monday! -Sindi Somers

Mom's take on unbelieveable challenges, but the rewards are so worth it!

Sunday is Mother’s Day. Being a parent is, in my opinion one of the most challenging jobs on the planet. With all challenges, also come rewards. I am certain if you talk to any involved mom or dad, they would tell you how rewarding their role is. They would undoubtedly share how every challenge they have had to face with their children has been worth it.

I’m not a parent, unless you count my beautiful dog Ginger. Then I am a very involved mom for sure! I don’t believe things have to be difficult to be meaningful, but when we tackle challenging situations the feeling of fulfillment is satisfying.

Not every loan that San Diego private lender, Source Capital funds is simple. Some are more challenging than others, but if there is any way to get it done, it will happen. I do believe there is nobody more qualified or knowledgeable in the hard money industry than real estate experts, Sacha Ferrandi and Pat Hook.

Happy Mother's Day to moms everywhere!

If you have lost a home due to foreclosure or a short sale or have acquired bad credit as a result of a lay off, hospital stay, late payments or other situation that has put you in a traditional banks “do not loan” category, don’t give up. Sacha and Pat not only have the experience and diligence to find a way to fund a hard money loan if at all possible, but they also genuinely care. They want to help people and are fulfilled by overcoming obstacles. No matter how challenging funding a real estate transaction may be, their goal is always to provide private money loans to clients deserving of a second chance.

If you are ready to purchase property in Arizona or California, or you need a construction loan, contact hard money lender, Source Capital of Rancho Bernardo. Call 858.705.6144 or email using our online form. To learn more about what clients and private money investors are saying about their experience with San Diego County’s premier real estate lender Source Capital, visit our Google profile page. Have a great weekend and a very Happy Mother’s Day to all you moms out there! -Sindi Somers

The reality is that sometimes putting food on the table is our top priority.

With the progression of today’s weakened economy more and more of us have felt the stress of financial instability. Challenged finances can lead to late payment of bills, defaulting on mortgages and a tarnished credit history. If your choice is to the point of whether to pay a bill or feed yourself or your family, it’s a no brainer. This has become the situation for an increasing number of people throughout the United States. Below is a recent New York Times article stating the reality of the U.S. real estate market and our economy.

Foreclosures times four million. You are not alone!

You may be one of the many Americans who never predicted being in a situation where eviction, foreclosure or a short sale were anywhere in your frame of vision. Whether it is one of these scenarios or bankruptcy, medical bills, unemployment or some other life happening, you are not alone. You also should know that the compassionate, non-bank loan professionals at Source Capital are here to help you.

If you are ready to purchase again, don't stop trying until you give Source Capital a chance.

Private money lenders, Sacha Ferrandi and Pat Hook are savvy about the real estate market and also the unexpected turns that can and do occur. Sacha and Pat understand that life happens. Just because you have had glitches in the past does not mean that you can’t ever purchase Arizona or California real estate again.

When I first started working with San Diego hard money lender, Source Capital, I was admittedly naive as to why our country was in the weakened economic position it was. All it took was one conversation for me to understand why and how we arrived where we are. Not only was the communication clear and demystifying, I didn’t walk away feeling unintelligent or embarrassed for not knowing what was going on. I felt and continue to feel empowered, thanks to private loan experts, Source Capital. I was given information that otherwise seemed hidden.

I appreciate the honest, up front approach that “bad credit loan” professionals, Sacha and Pat share. Based in north San Diego County’s Rancho Bernardo area, they have an open door policy. If you feel confused, overwhelmed or simply want help with your current situation, contact Sacha or Pat. Working with Source Capital and their hard money lending program will empower you. They are not a bank. They provide a non-traditional loan alternative for those that have been turned down by other lending institutions. It is never too late to take a step in a new direction. Call 858.705.6144 or email using their online form. To find out how others feel about their experience with Source Capital Funding, check out Arizona and California client testimonials on our Google profile page. We are always looking for private investors to help us do what we love to do, lend money to good people. If you are interested in finding out about Source Capital’s low risk, high return real estate investment opportunities, please contact us. Thank you! -Sindi Somers

Get social with Source Capital!

Although I do know some people that don’t have a Facebook page, these days it is a rarity. Most of us seem to be involved with one or more social media websites. Source Capital is no exception. We have joined the social media scene and are active on Facebook, Twitter, LinkedIn and Google.

We look forward to seeing you online! If you have worked with us before, feel free to share your experience by writing a testimonial on Google!

Below are links to help you get social with Source Capital!

Like us on Facebook!

Follow us on Twitter!

Link to us on LinkedIn!

Write a testimonial on Google!

If you or someone you know are looking for a hard money lender to assist with a real estate loan in Arizona or California contact Source Capital! Call Sacha or Pat at 858.705.6144 or email using our online form. We are also always looking for private investors. Happy Monday and I hope you choose to get social with us! -Sindi Somers

Homeownership is down due greatly to the growing number of property foreclosures in our country. Another contributing factor is stricter criteria of traditional banks keeping potential buyers from purchasing. Detailed information regarding this issue can be found in the article at the link below.

Business Week Article – Homeownership Now at its Lowest Since 1997

Wouldn't it be nice to have a place you could really call home? Don't give up yet!

So, what do you do if you want to buy, but you don’t meet a bank’s rules for qualification? Where do you turn if you yourself have gone through a foreclosure? What if you have had a bankruptcy or have bad credit? Although they meticulously follow all governmental laws and requirements, San Diego hard money lender, Source Capital funds loans from private money sources. This allows them more flexibility than traditional banks. Private money loan experts, Sacha Ferrandi and Pat Hook look at the big picture. They have a deep understanding of the economic crisis and how it has effected most of us in one way or another.

Illness, medical bills, lay offs, getting fired, legal fees, divorce, bankruptcy and foreclosure are all a part of the world we live in. Not only can all of these things effect our stress level and emotional state, but they can adversely effect our credit. Along with having an open mind and reviewing the big picture, Source Capital’s private lending professionals also have compassion. Sacha and Pat are aware that reality isn’t perfect. Things happen that can deplete people’s finances. These situations can happen to anyone. Good people from all walks of life contact our office daily seeking help.

Based in north San Diego County’s Rancho Bernardo, Source Capital is licensed to handle real estate and construction loans in Arizona and California. If you are ready to buy for the first time or are back on the market again, contact Sacha or Pat. Call 858.705.6144 or email using their online form. If you want to find out what other people are saying about their experiences with hard money lender, Source Capital, read reviews people have written about us on Yelp . To see more than just the first review listed on Yelp, click on the greyed out words, “(9 filtered)” located under the first review to the left of the screen. Thank you for reading and I hope we can help you with your home loan process! -Sindi Somers

Whether or not you enjoy vino, Temecula's wine country is a beautiful sight.

Although I was born in San Diego, I lived the majority of my life in Washington State. When I moved back down to California in 2007 I didn’t know where anything was. I didn’t care if I got lost, because when I did I would have to find my way back home. This allowed me to learn the local geography. This is another example of how “mistakes” can be great learning experiences!

I was actually living in San Diego County quite a few months before learning that we had our very own “wine country.” North County’s Temecula boasts beautiful hills, greenery and wineries galore. Here is link with information about Temecula and its wineries.

Temecula Valley Wine Country

Whether or not you are a wine connoisseur or even a drinker of vino, Temecula is a lovely area of southern California to consider living. Check out Temecula area real estate at the link below.

Life in Wine Country. Temecula Real Estate.

Contact Sacha or Pat of Source Capital if you are having trouble getting into your dream home in Temecula or elsewhere in California or Arizona. If traditional banks have turned you down you still may be able to buy what you want! Call 858.705.6144 or email using their online form. Enjoy your week! -Sindi Somers

Wouldn't this be nice? With or without animal companions, now is the time to snag some land!

My grandma helped choose my blog topic for today. I asked her what she would like to see me write about. She responded, “animals.” She knows how much I love animals. Although I am not writing about animals specifically, her idea helped me to think of a topic I haven’t written about before, farm land.

You may not dream of living on the farm, but how great would it be to have more than just a lot, but instead acreage?! I like the idea. Maybe with a house on it, but maybe not. If you have been following my blog posts, you know how much I encourage people to buy whatever they can right now to take advantage of the current real estate market. Why not consider going rural and securing a beautiful piece of land!

Below is a link to a site I found that lists rural properties for sale in California.

Lands of California Dot Com

And here is information about available acreage in Arizona.

Lands of Arizona Dot Com

The loan professionals at Source Capital are licensed to handle transactions in Arizona and California. Pick a property and then let’s see what we can do! Call Pat or Sacha at 858.705.6144 or email using our online form. Don’t forget to visit us in the land of social media on Twitter and Facebook. Thanks and have a great weekend! -Sindi Somers

Every child deserves a childhood.

April is National Child Abuse Prevention Month. This month long public recognition, is an important step in raising awareness about the severity of this issue. Source Capital supports a variety of organizations that assist children year round. This includes, the San Diego Center for Children and Voices for Children San Diego.

Founded in 1887, the San Diego Center for Children provides a variety of services for children, youth and families in need. One area of their focus is helping children throughout the county who have been traumatized. This life changing non-profit organization works to give these children the childhood they deserve, including the tools and support needed for success. For more information and to find out how you can help, contact the San Diego Center for Children at 858-277-9550 or email them via their online form.

Voices for Children San Diego is a non-profit organization, serving children in San Diego County’s foster care system. According to their website, half of our county’s foster children have no one. No family members, relatives or family friends to look out for the child’s best interest. That’s where Court Appointed Special Advocates, or CASAs come in. CASAs are dedicated volunteers who are trained and chosen to represent foster children in our community. Pat Hook, one of the owners of Source Capital is a Court Appointed Special Advocate involved in this essential program. To learn more about Voices for Children San Diego and how you can help, including their CASA program, call 858.569.2019 or email using their online form.

To see more organizations supported by Source Capital, visit our Affiliations page. If there is a topic you would like to see me blog about, send me a message or tweet at @sourcecapital on Twitter. -Sindi Somers

Your information is safe with us.

Anytime you are sharing personal or financial information you want to think it is being treated with care. Source Capital has implemented safeguarding measures, so you not only think, but know you are protected.

Whether wanting to secure a loan or exploring investment opportunities, it is important to feel that you and your information are safe. Below is a link to Source Capital’s Privacy Policy.

Source Capital’s Privacy Policy

If you have questions about any of our policies or procedures, call Source Capital at 858.705.6144 or send an email using our confidential online form. Have a great weekend! -Sindi Somers