Posted by Shambhu Nath on July 15, 2005 at 17:17:58:
You have two problems. One is seasoning and the other one MLS Listing history.
The lender take lower of the purchase price or appraised value for the first six months unless theyhave not seasoning requirements and you can document the improvements made.
The MLS listing becomes problem as it tells lender that the property is not marketable and so they do not want to finance a property that does not have buyers.
You may try to get a line of credit if ledner accepts appraised value and then pay it off later. thanks