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I would like to know if I would be able to get an amount on a house that I half own with my sister that is free and clear of any mortgage? I have bad credit and I need about $30,000 to get a very big matter cleared up. I can only afford a monthly payment around that amount. I have no phone at this time but I can use my sons email to contact me. That is harnerjessie@centurylink.net. If this is possible please email me and I can get in contact with you but if not possible please forget this message.Judith Harner by harner_869_507 from Mifflin, Pennsylvania. May 13th 2013 Reply


William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,000 contributions

If your both on the "Deed", then you would need her to sign as well.. you cannot encumber "half a property"... if you don't make the payments, the lender will foreclose, but they cannot foreclose on half the home.. Also, if you have bad credit, it's unlikely any conforming lenders will lend to you.. there might be a "hard money lender" out there willing to do it, but no conforming lender will.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

May 13th 2013
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Julie Colangelo (JulieColangelo)
#838 ranked lender in California - 15 contributions

Hi is ownership vested? In other words you and your sister as "joint tenants" or "community property" or "tenants in common"? If jointly then she would have to be on the loan as well. If your credit is at least 640 then you should be able to get a loan credit wise, then yourincome to debt ratio needs to be determined.If it is community property or tenants in common, you can get a loan yourportion of equity. In your case a Private Money loan would be the easiest.

May 13th 2013
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Andrea Varvolis (AndreaVarvolis)
#82 ranked lender in Pennsylvania - 20 contributions

I can try and help you with a few more details, you can contact me at andrea@monumentmortgage.net or 215-272-1157. Thanks, Andrea

May 13th 2013
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,553 contributions

First. I am assuming that you are legally in title - a legal owner of the property. A legal owner of the property can refinance... and take a loan in their name, as long as they have the consent of any co-owners. Bad credit on the other hand is bad credit, and lenders clearly do not like those with bad credit.

May 14th 2013
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