Foreclosure Lenders???
what is the best way to acquire the money required to obtain a foreclosure...right after you have successfully bid on it?.......who are the best lenders & who w/lend you the hard cash to buy the property when you don't have it?
The best way is as follows:
-Cash
-Credit line
-Private money
-Hard money
-Bank
The reason I say bank last is because they make you jump thru so many hoops like asking how much your mom weighed when she was born it turns into a full-time job just getting the deal closed. I spend my time finding deals, not closing loans, therefore, I would rather pay and extra grand to get something closed in 10 days or less than spending all month trying to get it
closed with a bank.
Try to line up private financing and offer
12%, that is your best bet.
Best Riches,
Jeff Adam
_________________
"The only place success comes before work
is in the dictionary."[ Edited by JeffreyAdam on Date 02/13/2004 ]