Foreclosures are up, this may be the best time for "Subject To" buying.Third, if your credit is good, wouldn't it be a good idea to tell the lender that, or allow them to check your credit if they're unsure of the transaction?

Credit, income, and assets are not major factors.Loan is typically around 70% arv.Will send a pm to you.

Occupancy Owner Occupied, Second Home, Investor Interest Only Option Up to five (5) years interest only, then P&I for the remaining 25 years REQUIRES MI LTV Limits Owner Occupied, Second Homes, 90% NO MI LOAN Limits $1.25 Million Credit Score Requirement: 760 International Borrowers are eligible for this program @ 80% Close your Daytona Condotel in an LLC - Requires Personal Guaranty; Does NOT report to personal credit unless there are lates or default --------------------------------------------------------------------------------80% LTV for condotels if credit scores 640 - 759--------------------------------------------------------------------------------No prepayment penalty******** End Quote ********With regards to commercial or residential status, that depends on where the property is located and how often you stay in the property.

An Unsecured Line of Credit is absolutely ideal for a deal or situation like this.

There are many good business reasons lenders will not lend to an LLC that has no real credit history and no assets.2.

Tell me more about your situation, your credit, etc.

I have a great credit score and most of the usual lending sources and better rates just flat turned us down, so while I did get a conventional loan I also paid higher rates but still better than HML rates.

They don't have the same requirements for credit scores and debt to income as conventional lenders.

Maybe I'm just being a bit stingy but I thought I would get some advice/suggestions before handing over my oh so precious credit card details.

By the way the credit contraction is keeping more and more people from actually owning homes and driving vacancy rates down.