How a Tax Lien Reported in Error Almost Cost a Family Their Dream Home

Situation: A husband and wife with strong financial standing risked forfeiting their escrow process and non-refundable deposit on their dream house in California due to an erroneous tax lien impacting their credit.

Challenge: The conventional loan was denied until the lien could be cured, which would have caused them to lose their offer and deposit. The lender referred them to Arrival for a bridge loan.

Solution: Due to the subjectivity allowed in private lending, we looked beyond that artificially deflated credit and performed due diligence to provide the borrowers with a bridge loan for $950,000.

Result: The couple could perform, not lose their deposit, and close escrow. Within a few months, the couple’s credit had recovered from the tax lien error, so they were able to refinance our loan into a traditional long-term loan with the referring loan officer.

If you would like to participate in "saving the day" for your borrowers and real estate agents, reach out to [email protected] to learn more about our wholesale partnership opportunities.