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November 29, 2022, 08:56:46 pm
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Author Topic: Help Me Please  (Read 3999 times)

Offline new_investor

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Help Me Please
« on: March 27, 2006, 01:29:17 pm »
Hello hope someone can help me, I recently tried to sell my home and the deal fell through the person buying the home could not get financed for some reason or another.

But during this sale I found out through the appraisal company that my home was appraised at 275k and I owe 183k if i pay off early.

I dont have good credit but lots of equity according that appraisal so how can I use this to get some money fast?

Offline premierlender

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Re:Help Me Please
« Reply #1 on: March 27, 2006, 01:33:08 pm »
Is your house listed for sale with MLS (with an agent)?
Matt Oldham
Managing Partner
Premier Mortgage Funding /
Premier Commercial Lending
(330)673-1422 [email protected] 300 lenders / 38 states

Offline new_investor

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Re:Help Me Please
« Reply #2 on: March 27, 2006, 01:43:27 pm »
Yes it is.

Offline 4EEM

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Re:Help Me Please
« Reply #3 on: March 27, 2006, 02:24:43 pm »
You can cash out, but because your house has been listed on the MLS your going to take a hit on rate.
Patrick S. Lawson
Highland Lending, Inc.
Phone  (407) 877-0093
Fax      (866) 476-1133

Offline new_investor

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Re:Help Me Please
« Reply #4 on: March 27, 2006, 02:34:37 pm »
How long does it take? And what kind of hit?

mtnwizard

  • Guest
Re:Help Me Please
« Reply #5 on: March 27, 2006, 03:26:41 pm »
You can't refi while your house is on the market.  Withdraw your listing and pull your money out, then re-list if you must.  I prefer to sell my own houses.

Da Wiz

Offline new_investor

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Re:Help Me Please
« Reply #6 on: March 27, 2006, 03:39:41 pm »
No chance of private money that will float the note til the house sells?

Offline MoneyLenderP

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    • Lending Habitat
Re:Help Me Please
« Reply #7 on: March 27, 2006, 06:45:42 pm »
Well you have options,

You can take the listing off of the MLS, then you can refinance and take out some cash for the time being, I can close refinances in 10 days or less. As soon as the refinance is done you can then put it back on the MLS.

Thanks!
« Last Edit: March 29, 2006, 07:45:53 am by TRandle »
Patrick Pittius
Direct Lender
718-954-0128
www.LendingHabitat.com
* I can price up your loans with live time rates on the spot*

Offline Keith Palmer

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Re:Help Me Please
« Reply #8 on: March 27, 2006, 07:55:38 pm »
new_investor,

Fast funding would require a hard money bridge loan which would max out at a 65% LTV. Not enough to help.
Keith Palmer
American Home Buyer
Licensed in FL only!!
407.580.1998 (cell)/407.571.2297(office)
[email protected]

 




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