Hello,I'm seeking a mortgage on a property that was purchased in a recent sheriff sale, property located in Union City, NJ.I've been assured that that are local banks that will underwrite mortgages even on the basis of an external appraisal (can't get an internal one because I can't get in the property yet).Any ideas on which these "local banks" may be?

Do use your house as a piggy bank.  32k is not a lot of money you can get this on credit cards.....

Think of it like a bank.

Usually this is through a down payment from you and a loan from a portfolio lending bank or private loan. 

Talk to several local/regional banks/credit unions.

There were real estate agents involved during the first attempts at acquiring, then all communications shifted to a law firm representing the bank that owned the property.

If you're going after someone more green or someone that needs a big pitch for their own 'partners' and banks, then yeah, the more fluff the better.

Nor do I see lending being affected like 2008 because real estate lending was the major culprit, and banks had forgotten how to underwrite.

I recently started doing these evaluations for different banks & asset management companies. 

I’m looking at a house to purchase...by my bank wants to charge an interest rate that I’m not too fond of?