Today is a new era of real estate and investing. House prices are down and there is a ton of money out there to buy bank REO properties. This is just one of the programs I have worked with lenders to create during 2008 to make it easier to buy and sell distressed bank properties.
A few of the other programs now available:
Purchase Rehab loans
* This is great for investors who
- Are buying homes that are not habitable
- Are buying homes that need extensive repairs
- Own to many homes to qualify for Fannie Mae and Freddie Mac financing
Blanket Loans
* This is great for investors that are rapidly acquiring properties and can't get Fannie Mae or Freddie Mac financing
If the solution for you or your client does not exist I or one of my associates will work to create a common sense loan program that does fit.
Looking forward to an excellent 2009!!!
--
Dax Dickson
Finance Specialist
612-578-9898
Learn more about commercial mortgage loan programs available in the Minneapolis & St Paul, MN Metro area that can help those looking to secure purchase rehab mortgage loans for properties that do not qualify for programs like private/hard money loans or the FHA 203K rehab mortgage loan.
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