In Florida, You can get loans once these properties are sold at auction and you have your title. There's no lenders that can give you the money you need before the auction since they can't put a lien on it, and there's no closing. Once you have title there are many lenders that will lend you up to 100% of the value of the property value after repair. So that means if the propety is worth $400,000 fixed up, and it needs $100,000 worth of work, you can get a loan for up to the full $400,000.
Answered
Can I buy a foreclosure property or tax lien with a loan?
397 Views
1
Answer
26 days ago
26 days ago
You Asked & We ALL Answered!
Most Popular Questions
- Tax Deed Sales & Canadian Investors??
- How do you find an owner of a property??
- Best County to buy Land to flip??
- What features would you like to see added to PropertyOnion??
- June Putnam County FL Tax Deed Sales?
- What is the best way to find a safe Tax Deed?
- Where can I find invoices??
- Negotiate with banks after win??
- HOA fees after auction wins?
- Can I buy a foreclosure property or tax lien with a loan??
Can you answer these questions?
- A Good Tutorial for reading Title Searches??
- How to win at bidding??
-
45 ,reporter,noob,editor,2 months ago
-
412 months ago
-
225 months ago
-
174 months ago
-
13 ,noob,14 days ago
-
74 months ago
-
2one month ago
-
13 months ago
-
12 months ago
-
1one month ago