Using A Seperate Lending Source Will A Bank Give Cash Back For The Over Financing Of An REO?
Using a seperate lending source will a bank give cash back for the over financing to purchase an REO?
For example : Reo purchase price is 30k you get a loan for 50K and the ARV is 70K.
Will the bank be willing to give 20k back to lending source to disperse funds for rehab etc.
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