Need advice quickly

[Mary Dancy]

Hi everyone!

I need advice. I am unsure of what to do and others opinions would be greatly appreciated at the moment.

Here is my situation. I want to buy a owner occupant house to actually live in. It is in foreclosure asking 80K great neighbor, great house. House last sold for 195k several years ago. Tax value 190k. Similar houses sold and selling in the $170 range.  It has some issue mostly cosmetic with maybe something going on with heat pump although it did turn on. It has had 2 offer that backed out because of lack of time for DD which is 10 days. Those people are still interested. Escrow is $3k.

My situation: I am currently living in while flipping a house that should sell in the $150k range. Hope to list in July. Just closed yesterday on a small house that I will make minor repairs and sell as a starter home. I have 25K to finish the 2 projects and make a down payment. My credit score is not great 660-670 range. I called a local bank and was approved for the Homestyle Renovations loans but they are the same bank that has the hosue in forclusure and now they are saying that is a conflict of interest and will not loan to me.

What would you do?