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Updated almost 9 years ago on . Most recent reply

Account Closed
  • Investor
  • Charlotte, NC
0
Votes |
2
Posts

Financing a REO for a personal residence that has no kitchen

Account Closed
  • Investor
  • Charlotte, NC
Posted

I need a little help. My wife and I found an REO we would like to buy but we can't get a conventional because there is no kitchen. How can we buy this house?

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Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
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Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
ModeratorReplied

@Account Closed

How did the house come to have no kitchen?  Was the previous owner in the midst of a renovation when s/he lost the house?

I would start with the lender who holds the REO - obviously they lent on the house (kitchen or no kitchen) are would be the most inclined to get their money back out of the venture (and perhaps earn a little from your mortgage).

  • Roy N.
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