Fast CashOut Refinance Inherited Florida Real Estate

Our hard money bad credit mortgage lenders have successfully assisted many individuals looking to cash out refinance inherited properties to access the funds they need. These properties can include manufactured homes, condos, vacation homes, owner-occupied residences, or rental properties. In some cases, clients are children who inherit properties through a will, only to discover that the property is behind on taxes or requires significant renovations. Traditional banks in Florida often do not provide financing options for estate properties.

Another common scenario arises when the inherited property is passed on to someone unable to document their income or who has credit issues. This encompasses self-employed individuals, retirees, or those with imperfect credit histories or previous foreclosures. Florida banks often disqualify applicants in these situations due to their stringent underwriting guidelines. In contrast, our Florida bad credit mortgage lenders prioritize the equity in the property rather than the client’s credit score.

Before proceeding, Florida bad credit investors will need to confirm that the property has cleared probate and has no outstanding liens or judgments. Once this verification is complete, you should be able to receive your funds within about a week. Additionally, if you live outside of Florida and have inherited property here, our investors cover the entire state and possess extensive knowledge of local property values. They will reach out to you directly to guide the cash available from your property after an inspection.

Obtaining cash from your inherited property in Florida is straightforward with Florida Mortgage Lenders. Our investors have financed amounts ranging from $50,000 to $2 million, with a typical loan-to-value (LTV) ratio capped at 60%. Our underwriting process is practical and flexible; self-employment is not a barrier, and if the Florida property is free and clear, an appraisal may not be required.

It is important to note that if the Florida property is inherited by multiple siblings or parties, all individuals must agree to the financing, and the property must go through probate. If you are the sole investor, the process will be relatively simple, especially if the property is free and clear. Inheriting property in Florida can be advantageous for those seeking additional collateral. Therefore, contact Florida Mortgage Lenders and let our investors guide you through the process of accessing the cash you need from your property’s equity.

Florida Cashout Refinance Coverage Areas