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Buying & Selling Real Estate

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Katie Larson
  • Wilson, NC
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Getting a Loan on Total Loss Home

Katie Larson
  • Wilson, NC
Posted Oct 25 2017, 22:00

First of all, I’m new to this! I am interested in purchasing a property that was deemed a total loss by insurance due to a fire. The purchase price is fairly inexpensive, but I’m wondering how I would get financing for reconstruction of a home that is a total loss. I can’t imagine that a bank would provide a loan for that. Or am I wrong? Any suggestions? Thanks!!

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