Financing in 90262>Question Details

Juan, Home Buyer in 90221

my loan was funded today on a foreclosure that i bought, since they are not going to record the property

Asked by Juan, 90221 Fri Jul 24, 2009

until monday 7/27. if i run my credit to get a loan for improvements will that affect me getting the loan? even if it already has been funded?

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Robin Silverberg’s answer
When the loan is recorded doesn't make a difference. You are not getting the loan for improvements overnight, and if you are thinking about a home equity loan, you are going to have to prove you own the property. What are the details of the purchase? What is the purchase price of the property, and how much is your loan for? You are going to have to qualify to begin with, so whether you deed and mortgage have been recorded is not the issue here.
0 votes Thank Flag Link Sat Jul 25, 2009
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