Financing in Toledo>Question Details

Charles, Home Buyer in Toledo, OH

08/09/12 Hello, I saw a foreclosed poperty for $17,500.00, and thought to put $6,500.00 down, Is the Thatcher Ave. area safe?

Asked by Charles, Toledo, OH Thu Aug 9, 2012

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Check with your local lender and see if you can take a home equity line of credit to purchase a home.
0 votes Thank Flag Link Thu Aug 9, 2012
The problem with purchasing a property in that price range is that it is nearly impossible to get financing. I don't know of any lenders that are willing to do a loan at that amount. The only other option is to check into seller financing, such as a land contract or similar arrangement.
0 votes Thank Flag Link Thu Aug 9, 2012
I would check and chexk the crime reports.
0 votes Thank Flag Link Thu Aug 9, 2012
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