One of the best things about a hard money loan is how fast it can be to get one. On occasion, approvals will be granted in as few as 24-48 hours. Also, settlements can take place in less than a week.
Keep in mind, however, that the lender will have to do an appraisal of the property, order and inspect the title work, and have some other lender documents drafted. This could take a few days to multiple weeks depending on the circumstances of your situation, but in emergency situations such as foreclosure, we may be able to speed up the process for you.