You have a client with 90% LTV, Michigan, with a one year in the property. Purchase price was 200,000 and client believes he has 10,000 more equity in the property from the purchase last year based off homes for sale in the area.
Client is drowning is debt and has 38,000 in revolving debt with a 580 mid fico
Question? What would you do? What program, and yes this is a trick question can you find it??