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dljnyc
19 Posts |
 Posted - 07/07/2008 : 07:30:03 AM
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I'm having trouble finding a home for this loan. The homeowner purchased this house for $350,000 in 1997. House in FREE & CLEAR at the moment. The only problem is, there is tax lien for $175,000 that he has been fighting in the courts (have all the documents) suing everyone from the county to the mortgage company for some discrepancies on his real estate taxes. Every thing has been finalized and now he has to pay the amount.
Our In-House underwriter does not want to approve this (as FHA) because she is using the tax liens as negative mortgage history (Makes no sense to me because the guy is FREE & CLEAR).
I need a lender who can give this borrower a decent rate and close it quick. We are even willing to go stated and not deal with so much paper work since we have a fully executed 4506. It can be Conventional or FHA.
NY
SFR - Primary
355,000 Loan Amount
680 FICO
Self-Employed
50 LTV
36/39 DTI
DU/DO Approved/Eligible (FHA)
Fully Executed 4506T
P.S. House is titled to his Corp which he own 100% (Have all documents) and is willing to change it over to his name.
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Clr2close
305 Posts |
Posted - 07/07/2008 : 07:59:47 AM
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| Good Morning my name is Damon Laylock from Ideal Mortgage Bankers. I can definitely get this one done please email me to discuss further at DLaylock@Idealmb.com |
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mdietz
219 Posts |
Posted - 07/07/2008 : 4:11:14 PM
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Provided this is full doc, we can do this and be ready to close in 3-5 days.
Please call or email for pricing - include zip code
Michael Dietz
Account Executive
Dream House Mortgage Corporation
401-262-5623
mdietz@dhmc.com |
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