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Updated almost 7 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Shabree Nichols
  • Investor
  • Oklahoma City, OK
1
Votes |
9
Posts

Sheriff sale acquisition/financing

Shabree Nichols
  • Investor
  • Oklahoma City, OK
Posted

I just acquired a home from a sheriff sale auction and am having trouble financing it.  I had a pre-qualification letter but my current bank won't finance the property because it's under $40,000 (apparently too low for them to work with).

Any suggestions for financing a sheriff sale in a TIMELY fashion. I have a couple weeks.

Most Popular Reply

User Stats

39
Posts
1
Votes
Jim Polasek
  • Wholesaler
  • Spring Branch, TX
1
Votes |
39
Posts
Jim Polasek
  • Wholesaler
  • Spring Branch, TX
Replied

I use a signiture line of credit upto $150,000, shoot me your email and I'll have Justin give you a call.  Need to have a 690 fico, 50% debt to income ratio.

thanks

jim  1262  aol

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