| Author |
Previous Topic | Next Topic |
|
808
1669 Posts |
 Posted - 05/11/2008 : 10:01:06 AM
|
I know this is a longshot however I haven't done one of these in quite a while. Is anyone doing 10 or 20% seller carried 2nd's on N/O/O properties? The seller's property is a n/o/o and he want's to sell it to another investor (my borrower) who I work w quite a bit. Because of a divorce my borrower is presently down to 2 properties.
-It would be a $100k loan: $80k/1st $20k/2nd (seller carried)
-It will also have to be a SIVA/SISA as well
-FICO is 697mid |
|
nowbroker
921 Posts |
Posted - 05/11/2008 : 3:21:31 PM
|
| One of the first rules to go. I haven't heard anybody that will allow a 100%cltv on a non owner for a long time. |
|
|
slants
3735 Posts |
Posted - 05/11/2008 : 5:25:45 PM
|
| Max 85% CLTV stated NOO in declining area. No such thing as a NOO w/o down payment. |
|
|
| |
Previous Topic | Next Topic |
|
Search for: 
