Loan amount
$80,000
Loan type
As-Is Property Value
$140,000
LTV
58%
{LTV}
Property type
single family
Borrower Details
Credit score
500
Deal experience
2 deals
This loan scenario was submitted by a Broker
Property Details
State
Michigan
Loan Details
Additional Loan Information
I need funds to get home back to rescind a foreclosure, 2075 Appoline West Bloomfield, Mi 48323. Home has new roof, electrical, plumbing, flooring, kitchen, bath, flooring and windows. Like new condition. Birmingham Schools, Walnut lake privileges. I am thinking about a 1040 sq ft addition on back making it 4/2 (not part of this loan). $140k is required to rescind the foreclosure. I am willing to put up $80k cash. Home is not occupied but I plan to as soon as paperwork clears. Duration is flexible but prefer longer. I'm not working right now but have $260k liquid.
Status
Closed
Created
October 7, 2019 - 4:16pm
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