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Profile picture for Bret buys

Stated loan needed, Grand Junction, CO

Looking to purchase a $400,000.00 home.  Self employed, income from property management, private mortgages and foreclosure sales.  Need to buy now.  Foreclosures on vacant residential land complete in August.  Cash poor, asset rich.  Willing to trade income producing property for down payment.   This property is owned free and clear.  Ready to deal.  Down payment would exceed 40% down on purchase.  Four year old property in fine condition.
  • April 07 2011 - Redlands
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Answers (5)

Contact me.

I may be able to put you in touch with a private lender.
  • April 08 2011
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Stated Loan = Private/Hard Money loans, no conventional products processed as stated.
  • April 08 2011
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Profile picture for David Widlund
Private money loans are not for primary residences. You may use a private money loan for a home you intend to resell in a short period of time. There are no stated loans available. You may be able to secure a loan based on earnings from interest, and having an equal amount or higher of cash assets.
  • April 11 2011
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With 40% down and the property is free and clear; I would ask for a seller carry. If not, I may have an investor for you.
  • April 13 2011
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Profile picture for Bret buys
Gentlemen, thank you for your replies.  At this time the issue is solved for the next year with a 3.5% interest only loan with approval from legal council.
  • April 14 2011
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