Posted by Tim Fierro (Tacoma, WA) on July 04, 2002 at 12:08:22:
You could start by opening up the yellow pages under mortgage brokers. Ask if they can work with your credit and income through a lender when the purchase price is less than 50% LTV. Next ask each one if they do hard money loans, or know of any. This is a start.
Please Help !!! - Posted by Dwain
Posted by Dwain on July 03, 2002 at 13:27:10:
I guess the way I was asking a question about hard money was the wrong way to put it.
I really need help finding a way to finance a property fast with bad credit. I have no verifiable income and a charge off on my credit report. My wife has a job that pays well and I work on computers now. The doctor took me out of my employment and put me out to pasture. We found a property that was repossessed and put an offer on it. We got the offer and found there are no banks that want to loan money to us. The purchase price is $29,400.00 and the area market is $75,000.00 to $85,000.00 on that street. We want to fix it up and resell lt.
Can any one tell me where to find financing? I am in Ohio.