450k primary residence home in TN, seeking lender who would do 20-30yr fixed or balloon, non FNMA only due to the client having large cash holdings but no income in 2016 / 2017 due to their large section 179 tax depreciations those yrs Thank YouJames Is the borrower a W2 or self employed?

Since VA tenants rents are subsidized by the VA, are there property standards it would need to meet like when a VA borrower buys?

Most borrowers don't show up overqualified, most are working to get where we need them. you're in good and common company.

Some banks do this as a way to build a relationship with a borrower and to bring in extra money.

For example, I believe an attorney/broker can't broker a deal and do the legal work on it (however, I would like to see if there is a way I can do that as I want to be more of a "one-stop shop" for my clients).   

This would be your total recoverable amount should you foreclose or should the borrower refinance or pay off the loan, assuming there is enough equity in the property to cover the total amount. 

- if yes, then transfer the deed), and tell them that you will "TRY" to stop it from going into foreclosure, etc.Essentially have them either sign over a quit claim deed (make sure both husband & wife, or partner is there), or the best way to CYA is to have a deed put in escrow with your attorney if you are not familiar with table top closings.Now you have a deed so you have control of the property, and then you go and try to find your lease option buyer... then if you cant, just tear up the deed and move on.

The guy said nothing bad about me . . . stop starting trouble people :whistle1: He did, however, try to use his 1 post to get business for some website somewhere.....

I was laughing till I could Stop!!

He won't have any financing issues with you filing foreclosure and stopping him from getting the money for his new place.If he leaves I wouldn't expect to get much back from him, so it would go to auction and you are out all the expenses to file, so why not just get the title given back to you and save the hassles?