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Updated over 6 years ago on . Most recent reply

User Stats

160
Posts
37
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Leland James
  • Developer
  • Tacoma, WA
37
Votes |
160
Posts

Can you get financing for a bank owned home

Leland James
  • Developer
  • Tacoma, WA
Posted

Hey could I use bank or lender financing to purchase a bank owned home from a bank?? Like would I be able to shop on auction dot com using financing??

Most Popular Reply

User Stats

630
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378
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Ed Emmons
  • Specialist
  • Milford, ME
378
Votes |
630
Posts
Ed Emmons
  • Specialist
  • Milford, ME
Replied

You can finance them as long as you can close in 30 days. Keep in mind that most of their homes will not qualify for conventional financing so you’ll have to have everything ready to go with an investor friendly bank before you bid.

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