Offlinecan i buy foreclosures with 100% financing. how do i start. im new to this
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foreclosures
Posted on: Sun, 03/30/2008 - 12:14
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I never like to answer questions with a simple, “No” or “Yes”. However, it is VERY difficult in today’s market to find 100% finance loan. If you are a first time home owner and looking to occupy the property you might be able to get an 100% FHA loan. You might also be able to get an investor to invest 100% and then split the profits on the
back end.
Once you find out what type of financing you can get, should you use it as an investment, there are other ways of finding the down payment. There are HELOC loans, 401(k) loans, even a line of credit. I wouldn't discount purchasing a foreclosure before you research your options.