Bankrolling any startup business is difficult enough. Capitalizing a new home builder operation is a leap forward in required funds. Typically, small businesses can be capitalized on a shoestring budget, for a new home contractor, just a little bit isn’t going to work.
Deed of Trust
A legal document posted at the courthouse for the purpose of protecting the primary lender of real estate. In effect its states that if the borrower fails to pay, the lender has the right to foreclose and sell the house to a buyer for the balance of the loan or any amount the lender will allow.