funding for tax foreclosure

[Jennifer Anderson]

Hello Everyone,

Is there any financing available for tax foreclosure properties? Looking to finance 120k with 60k down

[Steven Goldman]

Jennifer I believe you are asking if you can directly finance a purchase from a tax sale. The answer is no. Their may be other ways to raise capital such as a HELOC on your home, or a J.V. partner. You can refinance the property after one year of seasoning at its market rate. If you make improvements you will be able to refinance in six months with a funding company. That assumes the title is fully marketable. I wis you luck.