All Forum Posts by: Carrie Smith

Thank you, everyone. You all made very good points.

Any recommendations for hard money lenders?

I want to make an offer on a bank-owned 'cash only' house. I was hoping to have an approval from a hard money lender in hand before making the offer. But, the lender wants to see the contract before they even start on the approval process. So what happens if I make the offer, it gets accepted, and then the lender says 'no' to the financing>

I only look for 3/2 houses because those are the best sellers in my area. And I only go for houses that have over 1200 sf.   Just a personal preference.

That is just so sad. I hope you didn't have to pay for that. I'm certain that a dremel will work well to remove that. The question will be how to finish it.  When you do get it done, will you send another photo?  

You could always add trim moulding. Could you include a photo?

We are buying a house with owner financing. It seems like a great deal all around. The only thing is we have to make sure the contract is just right and will allow early payment with no penalties.

@Chad Urbshott Thank you so much for your response. I'm going to research the county documents some more and watch this property closely.

Good point, Ron. Thanks.

Well, I just found the answer.  AmSouth sold their loan to Ditech in 2004. Yet they filed foreclosure papers in 2017 on a loan they no longer own. That takes cajones.