I did explain to them their options they had (such as sell it on the market, keep it and file BK, get a loan mod, and credit counselors out there who could potentially assist).

If an investment property, there non-warrantable DSCR loan options.Some details:Loans available for purchase, rate and term refinance (no cash out) and cash-out refinanceCredits score down to 620LTV are up to 75% for purchase and 70% for cash out.Rate buydown feature available.DSCR (lower of gross rent lease or Form 1007/216 rent divided by PITIA) as low as 1.0x.For experienced investors (one year of investor experience and own home), short term rentals can be structured off of 12 month short term rental history with 20% expense factor.

Whenever you apply for a loan, the credit reporting agencies will give your information out to solicitors.

Hi Andrew,We've been wanting to develop our backyard for some time, and are looking for partners to supply the gap funding on a construction loan.

Hi Hoa,Given the loan amount is less than 100k, HELOC is a more suitable option unless you need more capital.

A 4plex can be done with conventional mortgage, but anything above that will be a commercial loan. 

Always ask about the loan process and what to expect, as some lenders can operate differently than others.

She estimated we could loan up to 500K on a mortgage with 5% down at a 6.8% interest rate. 

Could you dig a well and install septic systems?

Get a recommendation for someone that does this sort of thing...there are many.The most success that my buyers have had was to get a local designer that does the design + install and set up.