Posted by jmathis on September 11, 2003 at 23:23:31:
try this guy 1-877-847-4885 (clint wooley
Financing a Tax Lien Certificate foreclosure - Posted by Abdenour Achab
Posted by Abdenour Achab on September 06, 2003 at 20:01:37:
I bought a tax lien certificate at the auction a few months ago on a $1.15 million (according to city’s tax
appraisal) apartment building in Baltimore City. I bid $600K, which I don’t have. I am going to start
the foreclosure process in a couple of months.
In case nobody redeems the property, I would have to come
up with $600K to be able to record the deed once the
judge forecloses any rights of redemption.
Any ideas on how to get financing
when I don’t have access to the books to show to lenders.
The city assessment of the property is 1.15 million dollars
and all I need is a $600k mortgage (only mortgage). The
building is occupied by tenants.
I would appreciate ideas from anybody, specially people
who closed deals in similar situations (no access to books).