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Updated over 1 year ago on . Most recent reply

User Stats

74
Posts
9
Votes
Veronica Giggers
9
Votes |
74
Posts

Buying SFH through online or in person Foreclosure auctions

Veronica Giggers
Posted

Hello everyone. Happy Tuesday. I hope everyone is fulfilling their investment dreams. Does anyone know what financing avenues are available for purchasing foreclosure properties? I realize traditional lending institutions do not want to get involved until the property has been purchased and a full title report has been done. Do you know if there are HM lenders that will fund to purchase and rehab of a SFH property? Thank you.

  • Veronica Giggers
  • Most Popular Reply

    User Stats

    74
    Posts
    9
    Votes
    Veronica Giggers
    9
    Votes |
    74
    Posts
    Veronica Giggers
    Replied
    Quote from @Mohammed Rahman:

    Hi @Veronica Giggers - yes HML should be able to help you, I recommend attending a local real estate meetup to get put in touch with different type of lenders. HML are curbing their borrowing due to current rates, so it might be more fruitful for you to partner with a private lender/partner that may be more open to flexible terms if there's enough meat on the deal.

    Thank you Mohammed. I am a member of a local RE meetup. I'll ask around.
  • Veronica Giggers
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