Updated almost 6 years ago on . Most recent reply
Recommendations for private money needed....
I have a Client who wants to sell their home and buy another home outright, but she will be about $30k short.
Their credit is shot and they cannot get approved for a traditional mortgage loan.
It would be a 1st lien position on her next home for the $30k she needs to be able to buy it outright.
Anyone have any recommendations or know of any potential lenders?
Thank you in advance! 🙏
Most Popular Reply
Maybe you can find them a house that costs 30k less. What a novel idea.
If their credit is shot, they probably do not need to live in a house that is beyond their means AND it seems that the house is 30k beyond their means. They are just going to struggle with higher taxes.
Since it sounds like you are the agent and you want that commission, find them a home as mentioned above where the seller will carry back something.