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brisch79
91 Posts |
 Posted - 05/19/2008 : 2:51:48 PM
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Got a gal who is relocating from California and owns her own business. She is a courter reporter and does well for herself in Cali, but has no contracts or anything up here that shows she will generate income. 60% LTV, but my UW says no since there is no cotracts set up here.
You have any ideas how to get this through? |
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brisch79
91 Posts |
Posted - 05/19/2008 : 4:04:37 PM
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| am I screwed on this one? |
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cspatmon
2456 Posts |
Posted - 05/19/2008 : 4:23:42 PM
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| Yes! |
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brisch79
91 Posts |
Posted - 05/19/2008 : 4:37:06 PM
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| damn |
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nowbroker
1490 Posts |
Posted - 05/19/2008 : 5:21:28 PM
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| Hard money lenders would be a possibility at that LTV |
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cspatmon
2456 Posts |
Posted - 05/21/2008 : 6:14:03 PM
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| Any loan, you must show that the client has initially the ability to pay it back! |
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