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Updated about 1 month ago on . Most recent reply

OO Private Money Bail Out
Hi all,
I am searching for a lender that will do a pretty hairy deal. The borrower is occupying the property and is in pre-foreclosure. She owes about $150k and the property is worth $500-600k. She is looking to get out of foreclosure (and if not a crazy idea) pull out some cash.
I advised the borrower selling the property is the best option, but I know the infinite wisdom on BP may have other options I have not exhausted yet.
Anybody have a solution for the borrower to stay in their property?
Thanks in advance.
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Jay Hinrichs
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