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Updated over 6 years ago,

User Stats

11
Posts
0
Votes
Rodney Banks
  • Merrillville, IN
0
Votes |
11
Posts

I am interested in a Mortgage for my investment properties

Rodney Banks
  • Merrillville, IN
Posted

Hello,

I am in need of some direction. I am a tax lien investor and recently a judge entered foreclosing rights of redemption in my favor, so i'm getting ready to settle all the arrears so that i may gain access to the properties. Looking ahead to rehab work, and after doing my research for mortgage financing etc, amongst many requirements, but one in particular, i was told in order for me to get a mortgage for my investment properties, which will belong to my LLC, i would have to have the deeds in my possession to the properties seasoned for at least 6 months before being considered. Any advice to bypass this requirement of seasoning? It's been a long season with courts and fee's already, if i have to wait, then so be it, however if i don't have to, then we all know the answer to that. I would like to pay off the arrears and get some favorable rates from the banks and get to rehabbing the properties right away!

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