Which Lenders would do this type of Loan? - Posted by Yeng Lee


#1

Posted by Yeng Lee on January 28, 1999 at 12:31:37:

I’ve located a property that’s in a decent neighborhood. This property needs some cosmetic work. The houses in this area are appraised around mid $50’s to upper $60’s. Speaking to the seller he would like to unload this for around $32k. My offer is to offer $42k with a $10k closing credit for repairs and what not. Where do I find a lender conventional or unconventional that would do this deal for me?

Thanks in advance!

Yeng