We just exited a wild default - #288

Jul 29, 2025

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We just exited a wild default - #288

In this episode of the Private Lenders Podcast, Chris and Jason break down the full story of one of their most challenging and dramatic loan defaults to date—a three-year foreclosure saga that ended in a high-stakes, last-minute payoff and one of the wildest exits they’ve ever experienced.

Tune in to hear:

How a $160K private loan ballooned to over $390K
What went wrong (and right) with the borrower's 4 C’s: Character, Collateral, Capacity & Credit
How multiple bankruptcies, court battles, and title issues dragged this deal out for years
Why low LTV and strong collateral are critical in private lending
How they ultimately negotiated a successful exit without going to auction

This is a must-listen for private lenders, hard money investors, and real estate professionals looking to learn how to navigate defaults, foreclosures, and borrower negotiations the right way.

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Are you a new or experienced private lender or hard money lender? Join Jason Balin and Chris Haddon from Hard Money Bankers as they draw from their extensive experience running a successful hard money lending company since 2007. Tune in weekly with episodes related to all aspects of private lending. From discovering lucrative loan opportunities to securing private capital, effectively managing your loan portfolio, handling defaults, and much more, we've got you covered.

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