Realtor

The Power of Private Money / Hard Money

Globenet Capital group offers hard money / private loans to buyers not eligible for traditional financing. In the market today, credit availability is much more restricted than before, therefore every Realtor must have a relationship with a trusted private/hard money lender.

We will convert your home shopper into a home buyer with our simplified underwriting:

  • Loan approval based on just 2 criteria:
  •      strong collateral (equity) and
  •      ability to repay
  • FICO is not a factor
  • fast private money purchase financing throughout California
  • up to 100% loan-to-value
  • Loan amounts from $50,000 to $5,000,000
  • Investor and REO financing
  • Hard money/private loans to individuals, foreign nationals, corporations, trusts, partnerships and probate estates including Finish Construction, Rehab and Bridge Loans

Globenet Capital Group / Absolute ZERO Tolerance Loan Fraud Policy

Globenet Capital Group utilizes a sophisticated suite of advanced software tools alongside stringent underwriting procedures to combat Loan Fraud and Identity Theft

NOTICE: ANY SUBMISSION OF INFORMATION TO GLOBENET CAPITAL GROUP KNOWINGLY CONTAINING FALSE INFORMATION IN CONNECTION WITH A MORTGAGE LOAN APPLICATION IS A FEDERAL CRIME

Mortgage fraud means a material misstatement, misrepresentation, or omission relied upon by GLOBENET CAPITAL GROUP to fund or purchase or not to fund or purchase a mortgage.

Such mortgage fraud includes, but is not limited to, false information contained in identification and employment documents, false mortgagee or mortgagor identity, and fraudulent appraisals; theft of custodial funds, non-remitted payoff funds, misrepresentations of borrower funds, and property flipping where designed to falsely inflate property value.

Possible mortgage fraud means that GLOBENET CAPITAL GROUP has a reasonable belief, based upon a review of information available, that mortgage fraud may be occurring or has occurred. It is the intent of GLOBENET CAPITAL GROUP’s Absolute ZERO Tolerance Loan Fraud Policy (“Policy”) to support the industry’s and law enforcement’s efforts to eradicate residential mortgage loan fraud. Accordingly, by doing business with GLOBENET CAPITAL GROUP, the Borrower, Broker, Realtor shall be directly responsible for the actions performed in the course of doing business with GLOBENET CAPITAL GROUP and for maintaining compliance with this Policy. Although loan fraud may be perpetrated in many forms, some of the most common examples are shown below:

  • Identity theft
  • Submission of inaccurate or misleading information, including false statements on loan application(s) and falsification of documents purporting to substantiate credit, employment, deposit and asset information or personal information including identity, ownership/non-ownership of the real property;
  • The alteration or forgery of otherwise predominately accurate information;
  • Inaccurate representations of current occupancy or intent to maintain required occupancy as agreed in the security instrument;
  • Lack of due diligence or concern by borrower, realtor, broker, loan officer, interviewer or processor, including failure to obtain or divulge all information required by the application and failure to request further information as dictated by Borrower’s response to other questions. This could include the following examples: (i) simultaneous or consecutive processing of multiple owner-occupied loans from a single applicant where information differs on each application; (ii) permitting an applicant or interested third party to assist with the processing of the loan; and (iii) failure to disclose any relevant or pertinent information known to the Broker which could negatively impact the lending decision.

GLOBENET CAPITAL GROUP specifically represents and warrants the quality and integrity of its loan production to GLOBENET CAPITAL GROUP’s investors. Consequently, loans containing fraud or material misrepresentations negatively impact GLOBENET CAPITAL GROUP’s business reputation and can severely strain investor relationships. The potential consequences for knowing participants of this practice are also very serious and GLOBENET CAPITAL GROUP’s position is a zero tolerance policy.

Examples of the possible consequences:

For Borrowers:

  • Acceleration of debt as authorized by the security instrument (Deed of Trust / Mortgage).
  • Criminal prosecution, which may result in possible fines, imprisonment or both.
  • Civil action by GLOBENET CAPITAL GROUP for damages.
  • Civil action by other parties to the transaction such as seller or real estate agent/broker.
  • Forfeiture of any professional license.
  • Long term adverse effect on credit history.

For Brokers / Realtors:

  • Criminal prosecution, which could result in fines, imprisonment or both.
  • Revocation of Broker’s license.
  • Loss of access privileges to lenders resulting from the exchange of legally permissible information between lenders, mortgage insurance companies; FHLMC, FNMA and other investors; policy agencies; and state and federal regulatory agencies including the Department of Justice and the FBI.
  • Loan repurchase and/or liability to GLOBENET CAPITAL GROUP for resulting monetary loss.
  • Civil action by borrower, GLOBENET CAPITAL GROUP and/or other parties involved in the transaction.
  • Loss of approval status with GLOBENET CAPITAL GROUP

BROKER HEREBY REPRESENTS AND WARRANTS TO GLOBENET CAPITAL GROUP FULL COMPLIANCE WITH THIS POLICY AND AGREES TO IMMEDIATELY REPORT ANY AND ALL SUSPECTED LOAN FRAUD TO GLOBENET CAPITAL GROUP.

Flexibility and creativity is something we pride ourselves with! All you have to do is ask! If it makes sense, we will finance it!

Building our company by helping you achieve your dream project!

Our primary goal is building relationships 1 client at a time, we believe in a Win! Win! situation for all!

We get it! And that is why you will get exactly what you want when you want it EVERY time!

Call us today for a hard money/private loan at 877-281-0678!

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