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Updated almost 6 years ago,
Would CASH REFI be best for this?
Unique situation, property in Indiana 46226 zip, valued around 60k. Being rented out for $740/monthly until 2020, yearly taxes $1000, and home is owned OUTRIGHT. Zero debt! Owner lives in Norway, is NOT a US citizen, but has an ITIN, works for a big US corporation, and has US bank accounts. This is an investment property, he will never occupy this property. He would like 75% LTV. Is this something banks or credit unions or lenders would assist with? Since it's such a low amount (around 45k?)