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HomeForumsCreative Real Estate FinancingHelp! Pulling Out Equity
Charles Wheeler's profile image
Charles Wheeler's profile image
Charles Wheeler
  • from Schaumburg, Illinois
  • Member since Aug 9, 2013
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Charles Wheeler's profile image
Charles Wheeler's profile image
Charles Wheeler
  • from Schaumburg, Illinois
  • Member since Aug 9, 2013
Connect
Charles Wheeler
  • Schaumburg, IL
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5
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Creative Real Estate Financing

Help! Pulling Out Equity

Charles Wheeler
  • Schaumburg, IL
Posted Mar 26 2014, 18:28

I have a buddy who bought a duplex in Chicago about 1 year ago using FHA loan, he has owes $58,000 but it's worth $160,000. He recently lost his job and the bank won't allow him to refinance and pull out any equity. Is there a way that we can work together allowing me to assume ownership and pull the equity out? I Have a fulltime job and I'm a Licensed real estate agent. Please Help

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