I BORROWED ALMOST 100K AT 12%...AM I CRAZY???

In a short sale or Deed in Lieu, however, the liens have to be addressed & dealt with in some way during the transaction.Do a title search and clear all of the liens by having the borrower clear them before your transaction or get the lien amounts credited to you so you can pay them off post transaction.We generally pay the full amount of the net cash for keys amount when the borrower vacates the property & leaves it in broom swept condition.Yesterday, we were surprised when a town refused to provide the transfer stamp, which we needed in order to record the Deed.

In the last 25 years of lending, this is the number 1 problem I have counselled my borrowers about.

While my profile to borrow is strong, I'm having trouble finding financing due to this non-warrantability.Any tips on how I can find a loan?

As it is a low (no) interest rate, aside from eventually paying it, my only concern would be how much it affects your borrowing power. 

Not only should you not contact a borrower before you own the note, you should in general never contact a borrower.

It has an expiration date on it.Unfortunately people "borrow" other people's license to do plumbing or electrical or even GCs.

If you borrow 100% of the purchase price, you have no skin in the game and it's easy to walk away.

Typically on a no seasoning cash-out refinance, borrowers can pull cash back out of their recently purchased property if the purchase cash was from an acceptable source.Acceptable sources include:Cash from borrower's own financial accounts.Funds from a home equity line of credit.Funds from a personal loan.That being said, I can point you toward a few local MB's that may have access to private money sourced from more flexible lenders.

@Trent BargaLenders will routinely assess a borrower's DSCR before making a loan.