From what we’ve seen, these are their friends or “Brothers from another mother” this is what we’re talking about please seek outside verification and in our opinion, stay clear of dishonest groups like Crestcore who get their friends to defend them online.

I offer a commercial rehab program, but it's not available in NY at this time---general highlights below:Up to 80%+ LTV30 year term, no balloon, no lock-out$350,000 to $3,000,0005, 10, and 30 year fixed rate optionsStated income- no verification of borrower’s incomeOffice, office-warehouse, office condo, retail, mixed-use, multi-familyAvailable in- AL, AR, FL, GA, IN, IO, KY, MI, MS, MO, OH, PA, NC, SC, TN, TX, WVRegards,Scott Miller

Purchase price: $750,000 Cash invested: $750,000 I purchased this 11 acres to build a "dream house" on but through different circumstances have decided to to fix up the little house on it and rent it out.

We won't take a letter/Verification of Mortgage from an individual...let alone a family member.

Thats the verification process. 

The bank will only deal with the borrower of record unless the borrower sends a letter to the bank authorizing you to speak on their behalfIf the auction is 5 days out the lender is not going to to cancel the foreclosure unless the borrower comes up with a substantial down payment - this is a common issue we see is the process gets to the finish line and borrowers think now is the time to negotiate - waiting is the worst thing a borrower can do because the lender has spent the legal costs and is now 5 days away from getting paid off or control of property - there is no longer any incentive The only other option at this point is to file bankruptcy.

Having said that, there are so many reasons people don't qualify for conventional financing, it's spawned an entire segment of lending (DSCR):)No income verification other than the leases, max 60 days seasoning on down payment and reserves (in some cases no seasoning, only source) and no limit on the number of properties you can have financed are three big reasons why DSCR and non-qm in general is the fastest growing segment of mortgage banking.Hope that helpsStephanie 

@Anthony Freeman there are many NO INCOME VERIFICATION real estate investor mortgages available .

And their employer used TheWorkNumber.com for employment verification screening as I recall, so I was happy to have good reason to reject without having to pay like $20 for that employment verification.

I know these are not the best times for getting good financing deals and interest rates but I am ready to to move on and planning to refinance as soon as things get better.