I guess I need to ask....
Why would you want to stick a borrower in a 100% c/o refi neg am first?
What happens 1 year down the road when they've only been making the minimum payments and now they are upside down because the mortgage his higher then the condo is worth?
I'm sorry, my friend, but this sounds like a bad deal in the making.
If you have a truly financially intelligent answer, then I might attempt to find someone to do this. Otherwise, I simply believe that this is an irresponsible deal that shouldn't be attempted.
troy
__________________
I build better mousetraps
|