The Half Million Dollar Question; Hard Money for an Owner Occupied House

[Alan Held]

I've spent the better part of 6 months trying to acquire the dream home... Its everything my wife and I ever wanted, but it is a short-sale, as-is, and the sellers will only accept cash offers due to the condition of the property (several violations with the town code, that are minor but known).

I can afford the asking price with a conventional loan, but that's not acceptable... my other strategy was to buy the property with a hard money loan and refinance, but nobody does hard money on owner occupied homes.

I know about a lot of these "cash offer" mortgage companies, but nobody does it in New York 

Been trying to find a loophole around this one for a while, but have come up empty thus far.

Thank you