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Litigation Properties - higher interest rate?

Are the interest rates usually higher for condo units that are under litigation? I heard that they are due to the risk. How much higher can they be?
  • November 11 2013 - US
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Answers (3)

Yes and no.  If you use our portfolio program that accepts all types of litigation, rates are about .375% higher and the fees are higher as well.  There are other options though.  You can log onto to hoalitigationcondoloans.com to find out more info.  Thanks.
  • November 21 2013
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The could be higher because you may require an exception.  For instance a file that requires an exception at the bank I work for charges 0.125% higher rate for an exception.  What state are you buying in?  Feel free to contact me via my profile to discuss and see if we can help you if you like.
  • November 14 2013
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Too many factors involved to put any guess as to how much a higher the rate might be.    The lenders who offer this type of financing also will tradiationally favor ARM loans over fixed so you have that issue to contend with as well.

Always best to tread cautiously in these scenarios as the difficulty of financing will generally have a direct impact on the future market value of the property.  
  • November 11 2013
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