Is It Possible To Purchase Foreclosures With Bad Credit With Little To No $ Down?

??????, If not what would my best route for financing. confused cool grin

Comments(3)

  • tinman17559th March, 2004

    Credit is not always an issue. Many people buy homes with bad credit. When applying for a loan here is what is evaluated:
    1) time at job (over 2 years is best rating)
    2) amount of reserves
    3) payment history of current rent
    4) established credit since BK
    5) LTV you are looking for (lower = better)
    6) how long since last late payment

    There are many factors that can be overcome or could hurt you.

    Lori
    [addsig]

  • Jonathanlaura9th March, 2004

    yes you can i am a broker.

  • hibby769th March, 2004

    Sure......

    Hard money lenders
    Private Money
    Simultaneous Closes (use your buyers money)
    Flip contracts, options, birddog them.

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