Loan amount
$30,000
Loan type
As-Is Property Value
$190,000
LTV
16%
{LTV}
Property type
Single family
Borrower Details
Credit score
720
Deal experience
None
This loan scenario was submitted by a Broker
Property Details
State
Pennsylvania
Loan Details
Additional Loan Information
Want to purchase a house from a friend for his out of pocket cost of $29,500. The co-owner passed away and he doesn't want it. Appraised as-is for about $190,000. I only need the money short term to purchase the property and have it recorded in my name. Once in my name I can get an equity loan and pay back the money.
Status
Closed
Created
July 22, 2019 - 8:12pm
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