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There would have likely been a public notice of some sort as well if a major change was going to be made.

Almost all of the properties went back to the lender (banks - note#2) or sold at the courthouse steps. 

There are DSCR lenders that will refi these post-rehab just fine.

We're seeking a 2-family house with parking for at least one vehicle and close to public transportation.

The lender also ran the numbers to see if I would qualify and the numbers below reflect info given by me to him and his calculations.

Add that they have bank financing as well and you are an unsecured creditor behind a lender....  

Jeffrey - A few suggestions: 1) The loan amount would be whatever LTV you lender can provide with the cash out loan.

Honestly, though I feel most banks and lenders want to have performing notes and if you look good on paper, then they probably won't give you much kick back if you qualify.I hope this helps and thank you for reading! 

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