Loan amount
$248,000
Loan type
Refinance
{Cash-Out}
Property value
$250,000
LTV
99%
{LTV}
Property type
Single Family
Credit score
620
Deal experience
1 deal
This loan scenario was submitted by a Broker
Yes
City
CRESTLINE
State
California
Current mortgage balance
$124,000
How much cash-out are you looking for?
$124,000
Additional Loan Information
I have a situation with a client and wanted to see if it will work under this program.
Man living with his significant other in a home for over 10 years – she owned the home. She died from cancer and the administrator to the estate is willing to let him have the home at a significant discount of $137,000- (value is around $250,000-). He has given a deposit ($13,500-) and has been making payments to the estate which will go towards the down as well. He is living in the property. It is a little “out-of-box”, but let me know if it it something you can help with. Thanks!
Man living with his significant other in a home for over 10 years – she owned the home. She died from cancer and the administrator to the estate is willing to let him have the home at a significant discount of $137,000- (value is around $250,000-). He has given a deposit ($13,500-) and has been making payments to the estate which will go towards the down as well. He is living in the property. It is a little “out-of-box”, but let me know if it it something you can help with. Thanks!
Status
Created
July 29, 2021 - 4:49pm
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