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Updated almost 2 years ago on . Most recent reply

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Stephen Frazier
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Trust selling home

Stephen Frazier
Posted

Hi all, My mom's land lord died and his kids are opting to sell the home. I was thinking about buying the home but not sure on the best strategy. 
1. I was thinking about using a dscr loan but need %20 down. I have about $120k of equity in my home and was going to do a heloc, the only issue is I have is I currently have fha partial claim on the title from covid. Any chance I'll be able to get a bank to do a heloc in the third position ?

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