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pittsburgh foreclosures: Buying Foreclosures in the Pittsburgh Area - Update - 07/11/08 11:54 AM

As a follow-up to my series of articles about purchasing foreclosures in the Pittsburgh area, I'd like to add a comment about buyer funding.
Banks and mortgage companies will consider all offers, regardless of the type of buyer funding. However, these companies have their preferences for the type of funding a buyer uses. In short, cash is king - and the fewer contingencies asked for by the buyer, the better.
The least desirable funding for a seller is an FHA loan. The reason is that the FHA requires that an FHA appraiser must inspect the property and make sure that … (0 comments)

 

Kenneth Belferman

Pittsburgh, PA

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Prudential Preferred Realty

Address: 3911 William Penn Highway, Monroeville, PA, 15146

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