Refinancing your Inherited Property
AHL Hard Money Network has helped many people who have inherited property and need to pull out cash from it. The property might include a condo, vacation home, owner-occupied property, or rental home. In some cases, the clients are children of parents who have left the property in a will, but then they find out the property is late on property taxes or needs renovations. Conventional banks may not offer this kind of financing when estate property is involved.
Another situation is the inherited property comes to someone who is self-employed, retired, or has imperfect credit or previous foreclosures on their record. Banks will immediately disqualify many of these situations because their underwriting criteria are strict. AHL Hard Money Network is not interested in your credit rating but rather will secure our financing with the equity in the property.
Our investors will need to determine that the property has cleared probate and has no outstanding liens or judgments. Once that is completed you should be able to obtain your money in a week or so. You also don’t need to be concerned if you live outside of Florida and inherit property here. Our investors cover the state of Florida and are very knowledgeable about the property values here. They will contact you directly and can advise you on what cash is available from the property after they inspect it.
Getting cash from your inherited property in Florida is fast and easy with AHL Hard Money Network. Our investors have financed from as low as $20K to $1M and the loan-to-value (LTV) ratio is normally capped at 60%. Our underwriting process is common sense, self-employment is not an issue, you won’t deal with bank hassles, and if the property is free and clear we may not need an appraisal.
Please remember that if the property is willed to multiple siblings or parties, all of them must agree to the financing and the property must go through probate. If you are a sole investor the process will be quite simple if the property is free and clear. Inheriting property in Florida is a good thing for people looking for additional collateral, so contact AHL Hard Money Network and let our investors guide you through the process of getting the cash you need from the equity you are inheriting. For more information please call or text AHL Hard Money Network at 813-368-9919.