That requires guidanceIf you are a lender, the worst loan you can make is in second position on an over leveraged Subject To for someone who has no money.

Don't understand why the loan.  

Kicking myself for not growing our portfolio sooner but better late than never I guess.Here's the thing - We don't live in the US, my husband is a US citizen but since he hasn't lived in the US for many years he has no credit history.Now comes the fun part - we are in a lot of debt where we live (like $115k in loans).

Hi Jose,Have you looked into non-QM programs or commercial loans like DSCR financing?

You could hire an appraiser on your own and tell him you want to know what the property is worth, not whether or not it will cover the loan.

From getting loans to insurance costs etc, are their fewer people moving to the gulf coast due to these issues?

What kind of loan are you getting?

My fiancé and I each bought multi families separately in our names so we could each utilize an FHA low down loan. 4) Talk to a local agent, especially an investor focused agent.

Did you purchase a foreclosure on a 2nd position lien that was subordinate to a senior loan which is still in place? 

Original loan value of $163K taken out in 12/2009 with Bank of America.