* FAQ

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What is the interest rate for loans at Vault9F?

Interest rates are determined by several factors, including the type of loan, the risk profile of the borrower, how quickly the funds are needed, and the length of the loan term. These variables can all influence the rate a lender will offer. We strive to offer competitive rates while ensuring that our terms are fair and affordable.

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What is EMD?

Q1: . What is an Earnest Money Deposit (EMD)?

An EMD is a good faith deposit made by the buyer to show commitment to purchasing a property. It's held in escrow until the transaction is completed .

Q2. Why is an EMD needed?

It assures the seller of your seriousness and commitment, acting as a financial guarantee that you're invested in closing the deal .

Q3. Why might a higher EMD be beneficial?

Shows Seriousness: A larger EMD signals a strong commitment, making your offer more attractive.

Negotiation Leverage: It can provide leverage for better terms.

Seller Confidence: Increases seller confidence in your ability to close .

Q4. What happens if the deal falls through?

If the deal falls through due to contingencies outlined in the contract, such as inspection or financing issues, the Earnest Money Deposit (EMD) is typically refundable. However, if the buyer backs out without a valid reason, the seller may keep the deposit. Therefore, It's crucial to have a Mutual Release form signed by both parties to ensure the EMD is returned appropriately. This form outlines how the EMD will be distributed, protecting both parties in the transaction.

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Double Close

Q1: What is double closing?

Double closing is when a wholesaler buys a property and then sells it immediately to another buyer. It’s used in some states to comply with laws that restrict direct contract assignments.

Q2: Which states require double closing?

Oklahoma, South Carolina, Illinois, Pennsylvania, North Carolina, and Minnesota often require or strongly encourage double closing due to licensing and regulatory rules.

Q3: Can wholesalers buy properties directly?

Some states allow it, but many require wholesalers to hold a real estate license or use double closing to avoid legal risks.

Q4: Why is double closing necessary?

It prevents wholesalers from acting as unlicensed brokers by temporarily taking title before resale.

Q5: What risks do wholesalers and investors face?

Ignoring licensing laws can lead to fines and legal trouble. Conduct due diligence, understand state laws, and use double closing or get licensed if needed.

At Vault9F, we are committed to providing creative, reliable financial solutions that empower you to achieve your goals. Our dedicated team is here to guide you every step of the way, offering personalized lending options that fit your unique needs.

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