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Updated over 8 years ago on . Most recent reply
Help Please! Too Many Units Held By One Entity
Hi there,
I am trying to refinance a condo I own free and clear, I got all the way through the process with quickenloans and then found out that as more the 10%of the units are owned by a single entity Sallie Mae et al. will not refinance my loan. I have had the same answer from other banks and lenders too, anyone got any idea how to get around this? I have stellar credit and etc. This is the only thing holding me back.
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Wayne Brooks
#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
You need to find a portfolio lender who does "non warrantable condo loans".