Suggestions on REO Financing - very small dollar loans
Timothy W.Poster
#3 Off Topic Contributor
#3 Off Topic Contributor
- Attorney
- Raleigh, NC
Hey Folks,
I have a question. Occasionally I come across an REO in my area that's available for an insanely low price (under $10,000) and while the thought of cash purchasing is there, I'd rather find a way to finance it. I did find a private firm that will do 10 year mortgages at pretty high rates and there's always HMLs and credit cards....just wondering if there's something I may be missing here. Any ideas or tips for me? Thank you in advance.
Tim