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Foreclosures

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C Rich
  • chitown, MD
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Have you ever offered cash, but funded with a CC?

C Rich
  • chitown, MD
Posted Mar 4 2012, 17:12

For most properties, lenders won't do a deal if a property needs work. Choices are HML or local banks. If you didn't want to deal with that, but have good credit and a 'charge-a-plate' (hee hee), have you ever purchased on that card and refinanced.

I'm thinking that you've got more leverage in a deal once you've secured the asset and should have no problem refinancing. Has anybody done this before?

What was your experience?

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