All Forum Posts by: Christopher Hunter

@Account Closed  It is on a auction site.  It states cash only purchase.  I tried to call the bank and there were closed.  As far as I can see the pictures do not look to bad.  I have not sent an agent in yet to review the property.  I wanted to line up financing first.

@Bernie Huckestein I will have to research that. Thank you. This is an REO property that is going to auction in 4 days. This is a cash only purchase.

@Account Closed Understood.  So finding a private money lender would be the only way to purchase this property?

I am looking at an REO property that does not qualify for financing. Will a hard money lender loan on these types of properties?

@Greg Hamer Thank you.  I will have to look into that option.

@Marina Draper OK.  So I just need to research the property with the county assessor and dig a little deeper as to what is going on this this property? Thank you

Why is a REO not able to get bank financing?

@chrismason

If I am not using private money should I check with 1 or 2 lenders to see what I can qualify for? Do I need to shop for lenders in the state I want to buy property in?

Is there any insight on buying a foreclosure home?

@Joe Homs hey Joe how is it going? Are you holding the monthly meetings? I am leaving here shortly to go back to work. I have been working in North Dakota. Will the meetings always be on Monday nights?