problem with a deal - Posted by Ashley R.

Posted by Rich-CA on June 30, 2007 at 10:27:07:

I am not sure what the deal is here. Do you own this house? Is this an assignment?

problem with a deal - Posted by Ashley R.

Posted by Ashley R. on June 29, 2007 at 17:49:52:

I have a deal that I am trying to work right now that looks like this.

home will be foreclosed by the end of august

found a buyer who is willing to pay the right price (470K)

highest appraisal avaliable is 490K

her daughter is also going on the loan with her and has a high 500’s credit score

Im being told she can only get a loan of 90% LTV and I have maxed out the amount I can get for the appraisal.

anyone have any reccomendations for another way to make this deal work? thanks in advance!

Re: problem with a deal - Posted by Jeff

Posted by Jeff on July 01, 2007 at 08:31:20:

I suggest the lender try to do a rescore after cleaning up some items causing problems on the credit report. Time, of course, is of the essence. E mail me at if I can be of any further help :slight_smile: