The loan stays in the original borrower's name.

I am a REALTOR in Tallahassee and would like to provide real estate assistance to buyers or sellers in Tallahassee, Florida.

Imagine a borrower who purchased 3 trade lines to help him qualify for a house.

A deed of trust works that the grantor (the owner or borrower) grants the property to a trustee (a disinterested third party) who holds the property in trust for the beneficiary (the lender).

Some even owe 103% (seller paid closing costs) or 106% (down payment assistance program).

I am looking forward to meeting everyone and am here to assist.

Don't borrow from peter to pay paul.

HiMy main goal - to build a working model for REI clubs in Ukraine, 'cause it's completely new approach for private investors here.Any assistance is welcomed :D Regards.

If this is a primary residence, then perhaps FHA would work at 97%LTV.I'm also not sure why you are looking for full OR stated doc since if your borrower qualifies with full income documentation they will always get a better interest rate and higher LTV.There's just not enough information in your post to warrant a phone call to you but if you want to discuss further, shoot me an e-mail.Ken StampeBank of AmericaMortgage Lending

:cry: I am about to lose my good faith deposit (quite a bit of money) on a preconstruction condo in FL and need some assistance.