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Answers (9)
- Randall Nash, "Randall Nash"
- Contributions:1
DEAL?? Sounds like your credit is shot and no bank will lend you money! If you have the time, you might be better off giving your Family and friends an opportunity to own the home with you and borrow the money form them.
Of course everyone will want some guarantee that you can service the debt whether yours or theirs. Also, you can borrow from a 401k.
Of course everyone will want some guarantee that you can service the debt whether yours or theirs. Also, you can borrow from a 401k.
- shapiroamg
- Contributions:3058
Gee Rerhi, what took you so long. The question was only posted 2+ years ago. Always read the fine print.
- Rerhi The Realtor
- Contributions:34
You may want to speak with a Land Contract lender. I work with a group that buys property and sells to the end buyer on land contract typically at 25% more than sales price. If you want more information I would be glad to help. Are you working with any money down?
Thats an easy one. give me a call.
- Eric Burgess, "EricBurgess"
- Contributions:24
Try prosper.com or other user loan generated loan site. For that small of a loan, your closing costs would be in excess of 20% of your mortgage amount and just not worth it. Additionally, you would probably run into difficulty qualifying due to recent credit problems if you lost your house recently.
Private money, personal loan (from friends, family), credit cards, etc will be another alternative source.
-Eric
Private money, personal loan (from friends, family), credit cards, etc will be another alternative source.
-Eric
- Don Opeka, "Don Opeka"
- Contributions:10
For a $20,000 loan, I would suggest MasterCard, Visa, American Express, etc. I don't know anyone doing $20,000 first mortgages.
- Memphis2009
- Contributions:4
Who would be a hard money lender?
Beth
Beth
- Andrew Adams, "203K Specialist"
- Contributions:9349
If your buying the home back the answer is NO Conventional of FHA lender will be able to give you a loan. You need 2-4 years since foreclosure as well as re-established credit. Hard Money lender would be your best best but if you had the cash or equity in the property you probably wouldn't have been foreclosed on in the first place.
I know this is not what you want to hear but it is reality!
I know this is not what you want to hear but it is reality!
- Dave Skow, "daveskow"
- Contributions:1105
place a request for some quotes on the quote section of this website and see what responses you receive
I have been allowed to purchase my home BACK....HELP ME
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