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Updated about 13 years ago on . Most recent reply

User Stats

16
Posts
0
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Roy H.
  • Real Estate Investor
  • Monclova, OH
0
Votes |
16
Posts

Looking for suggestions - Have a buyer interested in one of my properties

Roy H.
  • Real Estate Investor
  • Monclova, OH
Posted

I recently rehabbed a property that is on the market. I've been having issues getting qualified buyers.. have had 3 full price offers, but they couldn't secure financing.

I had a woman that walked through the home on Sunday, and again last night. She hadn't been pre-approved yet, etc. but didn't foresee any problems.

She's talked to Wells Fargo.. credit score is in the upper 600's, excellent debt to income rations.. but apparently she did a short sale a year ago as she had to re-locate, etc. Wells Fargo isn't able to do anything. I have a feeling FHA is out of the question due to the short sale.

I don't have any desire to do a lease option. But I wasn't sure if there were any other mortgage options out there that she may qualify for? Are there credit unions or other banks out there that are willing to provide any financing for a situation like this?

Thanks in advance!

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