Baartmand,
This is the guy you need to talk with , he has helped many of my clientscustomers he can help you tell him I sent you he will respond to your needs and tell you straight up what your options are:
Keith.Marston@enmcdirect.com 1(888) 415-6972 ex.32
Sincerely,
Nunzio

good afternoon.....i assume the deed including all three of you has been recorded......is so.how long?.......what you are looking to do is a cash out refinance...all three of you will quit-claim-deed at the closing to you..let the title/escrow co. prepare the qcd....i would do that in advance of the closing...your lender may want to view it..it can be recorded later.....if any of you are married, depending on whether or not you are in a dower-rights state....wives will need to also sign some of the docs..in michigan, marital status is required on all real estate docs.........if the numbers you are stating are even close and your credit is fairly good...you should be fine......if there are property tax arrearages, or liens against the property, they would have to paid at closing..i would use 70-75% ltv as a benchmark to be in the comfort level of the lender and to maintain the best pricing on the loan...80% may work if you need cash out......be prepared for all of you to supply the title/escrow co. at least the last 4 of your ss number and complete names and full addresses...that way they can check public records...for clean title...i also must assume the home is a residence.if it is commercial..you should still be fine.....w2's for wage earners, two years of federal returns including all schedules and a ytd p/l if you are self employed......if there is anything else you need...please ask....i hope that helps.bob mcclure- success mortgage partners- plymouth, michigan.....