Updated almost 14 years ago on . Most recent reply
Anyone making second loans in this market?
Here's our situation: I have an approved short sale with a ratified contract and a conventional loan for 80% of the PP and we're putting down 10%. The problem is finding a lender for the remaining 10%. All of the lenders I've spoken with are not willing to provide a second loan on a purchase. Does anyone know of a lender who is willing to provide a 2nd mortgage or a HELOC for the last 10%? Also, this property is a condo and isn't FHA approved.