Hey Vinny
I have a guy in NJ that we are trying to close a loan for. The poor guy is trying to save his house. It is a bail out forclosure. He has lates since Dec.. so we are talking 4x30 best case scenerio. I had a lender that I got approval from then the LTV was reduced to 55%. This guy needs to payoff his current mtg of $171,500 Appraised value is $313,000. I need a lender that will give this guy at least 60% LTV Any advice? Do you know of any lender that willt ake a foreclosure loan and give 60% CLTV? Thanks
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