No, I've bought a foreclosure in Tennessee using a home loan from the bank. Roof leaked, and AC needed to be replaced. Bank still loaned me the money.
6 months ago | 9
No, we bought a foreclosure home & used our bank to finance with no problems. We did have to have an appraisal. The house had 2140 square ft with 5 acres and also had a mobile home on property that we rent out! Purchased all for $59,900. The appraisal came in at $249.900 (instant equity). Mobile home we updated but house was in good shape. Only thing we did because we wanted to was have new vinyl siding put on entire home. Windows & roof was less than 10 yrs old. We did pull all carpet up and found hardwood floors underneath that we had refinished. All now pd for and looking for another property...No, not selling this property, at least not yet! 😆
4 months ago | 0
usually but if it's a problematic property and/or it's been siting for over 6 months and had gone through some reductions with no bites they would do financing
6 months ago | 4
No, my mom bought a foreclosed home with a bank loan. She was a single mother and only employment was a waitress at the time. Though things have drastically changed in my opinion.
6 months ago | 4
Hi Wayne. Is it applicable to Canadians? I don't own a house here in Canada .
6 months ago | 0
Wayne Turner
Are foreclosures CASH only?
6 months ago | [YT] | 58