Seeking Hard Money Lender or Investor for looking for lease option deal in Tampa Fl
I am a licensed Realtor working with a buyer that had a divorce and shortsale several years ago. He is well outside of the guidelines for being able to qualify for an FHA loan, however, he discoverd issues in his divorce decree relating to who was responsible for remaining debts and has found that some items are still on his credit report that he wasn't aware of. We have found the next home for his family and hit this stumbling block. He is more than qualified on basis of income and can make a significant downpayment on the property, he just needs to get the credit report items straightened out (currently disputing and will then settle them if need be) Home he is looking at purchasing is appx $275k located in the Lake Magdalene section of Tampa. His hope is some sort of Hard money loan to get into this property and then do an FHA loan when his other issues are sttled. Seller owns the home free and clear so opportunity for an investor to buy and do a lease option to him. He is considering all creative options as he really wants this house.
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