Quote:
Originally Posted by USSGompers
If I am not mistaken, that ad is from Bridgewellcapital.com. I checked into this and it is all on the up and up. It is a company that loans money to people to get a home loan. It is backed by insurance, The downside is this-
Say Mr and Mrs Joe Blow, credit not very good, get approved for a home loan. The company takes your money to buy their home. Mr. Joe B. just lost his job, does not make payments. House goes into foreclosure. You will eventually get your $$ when the home finally gets sold again.
May take awhile. Go on their website and read the facts. The money is there to be made. I'm not saying that people are going to default on their loans. Probably very tiny amount. Just be aware that if they do, you might have to wait for your $$.
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Thank you all for your comments. Now I wonder if anyone has invested with Bridgewellcapital.com. , is there a prospectus? Better go check the website, thank you USSGompers.
http://www.bridgewellcapital.com/
Google "
Bridge Well Capital" for additional information.