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.