Posted by George(OH) on March 26, 2001 at 16:17:35:
regarding the end of your post. You said:
“You could also secure hard money, which WILL require some out of pocket cash from you - and close this way.”
If the property is bought at a deep enough discount, i.e. the sales price, closing costs, etc. is below the HML LTV (say, 65%), would the buyer still have to come out of pocket?
I’m curious because I have an agent who will provide me with REO listings, and I know I will HAVE to use hard money.