Updated over 11 years ago on . Most recent reply
Purchase a Bank Owned Property using an Equity Line
Has any one offered 'cash deal' to a bank owned property using your Home Equity Line? Is it possible? What is the up/down side? It's 4.75% rate. My original plan was 80% cash and 20% with my equity line and then once I got the deed start a 'delayed finance' deal but now I reconsidering and may just use my entire equity line to fund the deal, keep my cash and not deal with closing cost etc. Any advice?