Anyone who has some insight or resources to go to for this - you are a life saver.
I have a home value $105k that the owner will deed over to me. He only owes $31k on the property. I would like to refinance it taking cash out so the mortgage is 60-65K. That leaves it still sitting at 65% LTV.
The stumbling block is the seasoning on the title to do the refinance. Does anyone have a good resource for no-seasoning refinance. Is there another better way to go about this such as a purchase? I have no down payment - it would have to come out of the equity somehow.
Thanks so much - this site is a fantastic resource with wonderful, helpful people.