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Updated over 7 years ago on . Most recent reply

Charanjit Singh's profile image
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Charanjit Singh
  • from Edison, New Jersey
  • Member since Jan 31, 2016
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Charanjit Singh's profile image
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Charanjit Singh
  • from Edison, New Jersey
  • Member since Jan 31, 2016
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Charanjit Singh
  • Edison, NJ
4
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55
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Private Lending & Conventional Mortgage Advice

Lending options for REO requiring TLC

Charanjit Singh
  • Edison, NJ
Posted
What loan options are available for REO requiring some work (almost 30/40k). Will conventional route work ?
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Michael Noto's profile image
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Michael Noto
  • Real Estate Agent
  • from Southington, CT
  • Member since Jan 27, 2008
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Michael Noto
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  • from Southington, CT
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Michael Noto
  • Real Estate Agent
  • Southington, CT
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Michael Noto
  • Real Estate Agent
  • Southington, CT
Replied

@Charanjit Singh If you are looking to live in the property then a 203k loan is something you should look into. I have had clients have success with that loan product.

If this is a non-owner occupied house than hard money, private money, or paying cash are the most popular ways I see people acquiring here in CT and I am assuming NJ is similar.

  • Michael Noto
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