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Superior Home Loans

Lender

Private Money Lender (38 years experience)

Specialties:
Purchase Loan,
Refinancing,
Private Money Lending

Advice

  • (2 Contributions,
  • 0 Best Answers,
  • 1 Helpful)

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can i get mortgage after foreclosure ?

Answer

John is right, with a private money lender like us you can qualify with a foreclosure, bankruptcy and poor credit. However, most private lenders don't lend on primary owner occupied properties due to newer lending laws. Meaning we can lend only on 'business' use properties. The good news is that real estate investors that may have hit a rough patch the past few years can jump back in again. Actually the majority of our loans are for flip properties at the moment...

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