Real estate blog entries tagged with buying mn foreclosed homes by Venture Development Inc NMLS #373115

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Home : Blogs : Patti Mazzara NMLS #333279 : Twin Cities Mortgage And Real Estate News : Tag "buying mn foreclosed homes"

buying mn foreclosed homes: MN Loan For Buying MN Foreclosed Homes| Foreclosure loans For Minnesota Foreclosed Homes - 01/27/10 11:20 AM

Finanally, some new products are becoming available. Here is one that works for bank owned properties.
Criteria: 80% loan to value conventional product for owner occupants. This product is from a large portfolio lender, so their guidelines do not follow Fannie Mae or Freddie Mac. This can be good or bad, depending on what criteria you may want to work around.

1st liens only--no second mortgages
appraisal must be lender ordered
foreclosure process must be completed
Full home inspection required in addition to an appraisal
Buyer's existing residence must be sold
Mechanics lien coverage in the title insurance required-and possibly … (0 comments)

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Patti Mazzara NMLS #333279

Edina, MN

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Venture Development Inc NMLS #373115

Address: 7300 France Ave S #410, Edina, MN, 55435

Office Phone: (952) 285-4319

Cell Phone: (612) 237-6277

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Learn about the Twin Cities real estate, minnesota real estate, minnesota home financing, minnesota mortgages, FHA, VA, Reverse Mortgages, Debt Consolidation, refinancing, first time buyer programs, interest only loans, Edina, Minneapolis and St Paul. Visit our mortgage site at http://www.ventureloanapp.com or http://www.edinamortgage.com Patti Mazzara NMLS #333279 Venture Development NMLS #373115

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