For those of you unfamiliar with Broker Outpost, it’s a forum for mortgage brokers. They often post unusual situations that they are trying to help their clients finance. I’ve seen some really unusual situations posted before, but I have to tell you, I was really shocked when M sent me this one: [Edited slightly for spelling and grammar. See original post here.]
Hello Everyone:
I am looking for a $300K USD loan. LTV will be 30% or less. It’s a commercial property in Tijuana, plus a junkyard, preschool and apartments.
The borrower is the landlord to my brother who leases a (w)arehouse (?) from them.
Their son was kidnapped, and they are $300K short for the ransom money. Their properties are free and clear. They asked my brother since they knew I was mortgage broker.
I can get aerial pictures of the property off of Google. It’s that big, I’d say that it’s almost a whole city block square.
Can anyone help? Time is limited, but I also know you have to cover yourself. Also it’s in Mexico.
Thanks
What does this say about the future of the U.S. housing market? Hopefully, ABSOLUTELY NOTHING. It is however, a very sad situation in Mexico.
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That’s horrible..
On a somewhat related note, a friend dug this up the other day. If anyone ever had doubt our tax laws were too complicated, there’s actually rules in place on whether you can claim a kidnapped child as a dependent.
Linenoise-
What a comfort to know that if the kids are kidnapped, I can still claim them on my taxes!