We also can provide two separate services to our clients. First, being PRIVATE MONEY BROKER CERTIFIED, we bring buyer and loaner together to make profitable real estate transactions. Second, we are in the real estate overages business. In the real estate business, it sometimes become hard to get traditional funding. This is where VJNora Funding, LLC comes in. We work with private money lenders to provide the services needed that could not be made with traditional banks or other institutions (some loans come at 100% financing). Reserve Requirements Apply (3 months of Payment Reserve, 10% of the Rehab Budget, and any Closing Cost above the LTV requirement). A personal guarantor required (all owners owning more than 30% of the borrowing entity). The institutions require borrower have a track record. Borrower must have a valid existing US business entity (LLC, corporation, trust, partnership, etc.)
The other part of our business is Overages Recovery. An overage occurs at the end of a foreclosure deal, either a tax foreclosure or a mortgage foreclosure sale. The property sells for more than the sum of all debts and the former owner incurred. Later, the debt gets paid off out of the sales revenue. After the total taxes, assessments, penalties, and costs due, the resulting excess funds are held in escrow and known as "OVERAGE". The funds belong to the owner of record immediately before the end of redemption period. Funds are available to be claimed and payable ninety days after execution of the tax sale deed. WE AUDIT GOVERNMENT AGENCY RECORDS LOOKING FOR UNCLAIMED FUNDS OWED TO THESE PRIVATE INDIVIDUALS. We retrieve the excess of money that is left over from real estate transactions that are not known to said recipient(s). We recover those funds for the recipient(s) at an agreed upon percentage. We have direct connections recoup the excess money that is left over from the sale of the property at hand. MOST PEOPLE DON`T EVEN KNOW THAT THEY HAVE ANY MONEY COMING TO THEM, WITHOUT OUR HELP!!
