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 Search for: Stated Non-arms Lenght purchase.
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tkhorram

1 Posts

Posted - 03/11/2008 :  4:10:58 PM
Looking for a $542K purchase loan for OO, SIVA, SFR with 65 LTV/CLTV. Mother is selling to son with gift of equity. Not a bail-out loan as all mother's loans are current. Son has to go stated because his is a legitimate self-employed General Contractor with business and General Contractor's license. Looking for a lender that allows SIVA on a non-arms lenght transaction.
neg_am630

108 Posts

Posted - 03/11/2008 :  4:13:57 PM
Try World Saving's witch is now Wachovia, need a 30% gift. You can do this as arm's lenght transaction.
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