Anyone know of anyone willing to do a construction to perm loan for someone who has good credit but a deed in leiu on a timeshare that is only about 1 yr old?

Construction loans are a portfolio loan product and because of that, every lender who offers them has their own set of rules and regulations.. that being said, with a deed in lieu, regardless of the circumstances, will most likely result in a denial. Now after 2 years, and with 20% down, you can purchase a new home, but it's unlikely still you would find any lender willing to do a construction to perm loan. For this type of loan you would need at least 4 years... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Construction loans are not like Fannie Mae, Freddie Mac, FHA, VA, etc that have rules we all follow. it really is up to each individual lender. With that said, with traditional products, if there is a foreclosure on your credit report - even if it is a timeshare... it will be treated just like any other foreclosure. Good luck!

It will depend on your overall qualifications and how that is reflected on your credit. I don't have a CP loan right now but in the past was able to work around that situation.