lead that came in looking for a solution

[Shequann Burrwell]

this lead came in to my email today just wondering what can be done to help them.

(My family and I are in need of 350k or so to purchase the home that we have been renting for about 3years. Our stay here has been great but our landlord seems to have ' opted out' of paying his mortgage and we just learned that the home is now fully owned by Freddie Mac, and they'd like us to buy or move out soon.

I would purchase the home personally, I just can't do so yet. While I have a good job/income and generally good credit, I do have a short sale on my record from our prior home. Because it closed within the last 3years, I am unable to get a mortgage. So, I am looking for options and a friend suggested I try here

i believe that Freddie Mac values the home for about 360k but the market value of the home is about $450k if it were to go out for sale via a realtor. The home is a 3 bedroom 1.5 bath expanded cape with a garage/basement underneath. The property is about 1/3 acre and is pretty flat. Entire property is in great shape and needs little to no work. It is in a really nice neighborhood and is surrounded by well maintained homes.

This could be a great investment opportunity for someone with the right resources. I'd like to borrow the money to purchase the home, and we could refi in about 2 years to cash you out. I guess I am open to ideas as to the cost of such financing.... Monthly payment plus bonus at end of the period? We were previously renting for 2300 monthly and I handled all maintenance, so that could be part of the agreement. Also, the personal loan would be backed by the home.)

I was thinking a hard money loan since they are looking to refi in 2 years any way. this is all dependant on their credit and down payment amount but looks like a great lead for a hard money lender. feel free to chime i think i can learn something from this.

[Don Konipol]

The federal government, in an effort to "protect" the borrower, has made the penalties for consumer hard money lending so punitive that this borrower no longer has the hard money option available to her. To protect her from herself, the government has made it impossible for her to obtain a loan.