They are probably using hard money to make up the back payments/penalties and not officially assuming any loans (subject-to). If you have the Deed, refi options are there, even with bad credit (slightly higher interest rate) and even if with rental properties (at a lower LTV).
[addsig]
They are probably using hard money to make up the back payments/penalties and not officially assuming any loans (subject-to). If you have the Deed, refi options are there, even with bad credit (slightly higher interest rate) and even if with rental properties (at a lower LTV).
[addsig]