Selling To A Buyer Utilizing a Loan To Purchase
This option has a slightly different look depending on the phase of the Foreclosure Process one is in.
If engaged with a buyer during the Fannie Mae Pre-Foreclosure process, the information contained in this link will provide valuable insight into this strategy.
If engaged with a buyer during the FHA Pre-Foreclosure process, the information contained in this link will provide valuable insight into this strategy.
However at the time the loan is declared in default and the file is advanced to the foreclosing attorney for advertising; this option will have limited application. This is due entirely to today’s lenders not being able to process and close a loan that quickly. In most cases lenders are requiring 30-45 days to close a loan; however the lenders that we work with, in cooperation with our legal team, can usually close a loan within three weeks. Thus this option is usually only available if implemented quickly; sometime during the first week that the property is advertised for sale.
Included below is a submission form that will allow you to tell me a little about your property in order to get us started.