Not sure how much you're working with, but FNMA recently came out with a program that more or less has the same effect of what you have in mind

I am supposed to be receiving the current profit-loss today on two properties.

If it's an FHA loan and the homeowner were approved into the pre-foreclosure sale program and it expired, the bank can foreclose.

I contacted US Wide Financial, and they actually told me about the delayed financing program and said it would be perfect for what we wanted.

Has anybody utilized this program before?

“Double Taxed” usually refers to the profit/losses beign taxed once as corporate/company profit and again when distributed to the shareholders/owners/members.C-Corps are double taxed.Independent of the entity type, the wages you provide yourself will incur employment related taxes (FICA FUTA/SUTA).

Lenders and insurers have learned the lessens over the last several years from their losses and their problems.

Has anyone heard of any successful refi's through this program, or is it just another mortgage fantasy?

They promote it in a couple of magazines and online spaces as well and every couple of days I get an email as I am sure they are sending everyone on how great the program is (complete with balloons and confetti)!

Reagan changed the student loan program, my building and many others almost immediately suffered a 50% decrease in occupancy.