Posted by JPiper on January 19, 2001 at 24:59:21:
Alot of these mortgage brokers routinely try to walk on water…and I hear a few are successful from time to time. But no money and bad credit are tough to overcome. Depends though on what you’re calling bad credit…and it depends on how much the seller is carrying to help you build equity in your deal. Hard money loans are based on the asset, not on your credit…so this may be one way to go if you can find deals that fit the parameters of the hard money loans.