Tag Archives: non recourse loan

No Non-Recourse Loans in Arizona

I just found out that North American Savings Bank, the premiere provider of non recourse loans for buying properties with your self-directed IRA, has suspended loans in Arizona until further notice. That means you can live in Arizona and buy a property in another state but NASB won’t finance a property in Arizona. That stinks. [...]

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Lender Discriminates Against Ugly House

In this era of political correctness, we have just encountered one seemingly unprotected class – houses. Yes, just today one of our lenders declined a loan for an investor client because the house lacked “curb appeal.” That’s like when your friend wants to fix you up with someone who has a “great personality.” It’s code [...]

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