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Updated about 10 years ago on . Most recent reply

Sandra C.'s profile image
Sandra C.'s profile image
Sandra C.
  • from Philadelphia, Pennsylvania
  • Member since Mar 11, 2015
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Sandra C.'s profile image
Sandra C.'s profile image
Sandra C.
  • from Philadelphia, Pennsylvania
  • Member since Mar 11, 2015
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Sandra C.
  • Philadelphia, PA
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General Real Estate Investing

Investing in a HomePath foreclosure

Sandra C.
  • Philadelphia, PA
Posted

Hello, I'm new to this site but have been reading the posts for sometime now. I'm ready to invest  and flip a property that recently hit the market as a Homepath Firstlook foreclosure in Philadelphia, PA. And on 3/15 it will be open to investors to bid on it. So, I have a question about how to raise the funds. I'd like to make a cash offer close to the asking price of $165k. Is it possible to get an equity or collateral loan on a property that was willed to me and is free and clear of any debt to purchase the house.

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