Need to refinance home loan in mothers name but deed in daughters name. Jerked around by a mortgage company that now wants to forclose on me. Need need profolio lender. No bank will give loan. 2k equity in residential home.

This type of loan would not fly under any type of conforming loan.. the lender would view this as a foreclosure bail out.. or a "Straw" Buyer.. (someone who signs stating the property is for them, when it's really for someone else) If your mother purchased the home from the daughter as an investment, and put 20% or more down, it would be allowed, but pretty much, that's the only scenario.. Portfolio lenders or hard money lenders might consider this scenario, however both programs would require significantly more equity or down payment, more than if she purchased the property as an investment.. You might want to consider selling the home now before the foreclosure takes place.. at least this way, when your situation improves, you would be able to purchase another home in the future.. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com