Can you get a mortgage company to buy a foreclosure?

(0) | asked by: Julie Huff | share | 3 weeks ago | Report
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answer by Gerald Page    |   Contact Me
Yes you can get a loan from a mortgage company to buy a foreclosure. However, you have to see if the property seller will accept financing. Make sure it's not a "Cash" sale foreclosure. I've moved several foreclosure properties with buyers using a mortgage. The selling entity decides what payment type they'll accept. This is not a buyers option. I've had clients use FHA, Conventional and VA loans to buy foreclosures. Keep in mind each loan type has different requirements.
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answer by Charlsie Fulmore SRES    |   Visit My Website   |   Contact Me
Do you mean can a buyer use a mortgage company to purchase a foreclosure?
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