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Can we borrow more than the price of the home?

We are looking to buy a home that needs improvements.The home is a foreclosure but it is exactly what we want. Can we borrow above the price of the home so that we have money to do the repair? Say we agree to $95,000 for the home, can we finance $110,000?
Sat Mar 1 2008, 13:31 - 24901 - Financing - No answers
 
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Ellie
Home Buyer
in West Virginia
Ellie, Home Buyer in West Virginia in West Virginia
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