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Go Back   Mortgage Forums for Mortgage Brokers > Mortgage Business > Loan Scenarios and General Mortgage Talk

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Old 05-31-2007, 05:04 PM
funding4u funding4u is offline
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Question Wear loan scenario

I have a client who owns a condo in Arizona, she tells me she is on the deed as a trustor,the beneficiary are this too individuals,because the HOA doesn't allow for a lien holder, and that she owes them $35,000 . Here is the kicker...she wants to know if she can get a loan,obviously a private investor to pay off this people and lend her $100,000.

The property appraises at $210,000, her FICO is 680 and DTI is bellow 50%.

Frankly, I have done hard money deals before but none like this.

Any subjestions, I will really appreciate it.
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