house hunting website

[Dana Vijum]

I'm going to be looking at my first REO tomorrow and the realtor advised me that this is a "cash only price". As this will be my first potential investment, is this normal? The house does not appear to be in bad shape according to the pictures but the realtor stated that most REO's with a decent price are trashed and mortgage companies won't lend on them.

After seeing the house, if I want to proceed, should I be looking at a hard money lender, then refinance after repairs?

[Account Closed]

If the requirements listed are for cash only then it is cash. hard money loans are not cash . The requirements for cash REO's are on a case by case basis. I would pin down the realtor on the particular listing your interested in and make sure it is cash.