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Updated over 2 years ago on . Most recent reply

User Stats

200
Posts
21
Votes
Tim Ivory
  • Morristown, TN
21
Votes |
200
Posts

Can I still sale a home that house mold/water damage - Loan Type

Tim Ivory
  • Morristown, TN
Posted

The house I need to sell has mold. I am marketing to AS IS cash only or hard money only loans -- mostly investors.

I am wondering if it were also possible to market the property to home buyers who want to live in it and fix it up themselves for a good discount, but is it possible for a lender to approve the loan, whomever it is they go to?

I am assuming government loans are a no go, so would that live only conventional lenders the only possibility, or are there even different types of lenders that don't conform to fannie mae, and whom might have less strict guidelines.

Essentially, what should I write in my ad, home buyers who only use conventional or XXX loans? How should I specify allowable lender types, etc.

Cheers

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