would i need to pay cash for this or could i get a mortgage? i am in the UK

Maggie Fowler
Home Buyer
uk

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This question is about this property: http://www.trulia.com/foreclosure/2002119088--Rocking-Chair-…

Answers (4)
Bill Eckler-Flo...
Agent
Venice, FL

Maggie,

You can arrange for financing in the US. However, at this time, lenders will require between 30 and 40 percent deposit.

There are a number of locations with great opportunities at this time in Florida. We recommend you consider taking a look at the area on North Port. It's located in the county of Sarasota where there are many newer homes priced under $100,000.

Good luck,
the "Eckler Team"
Michael Saunders & Company
billeckler@michaelsaunders.com
941-408-5363

Sun Nov 23 2008, 05:21
Paul Whitehouse...
Agent
Melbourne, FL

Maggie...Please be aware that the price quoted on this website is the balance owed on the owners mortgage and not the value or the price the home is on the market for. If you can raise approx 35% of the asking price then most lenders will lend to an overseas buyer. As an ex-pat i can help you with the process so if you have any further questions please email me.
Best Regards

Paul Whitehouse.

Web Reference: http://www.paulsold.com
Sat Nov 22 2008, 20:26
Lars C. Kier, P...
Agent
Tampa, Greater Tampa...

As long as it has not been taken back by the bank you can buy the property as a Short Sale and if the property is in good shape you should be able to get a mortgage. At this time it is hard for a foreign national to find high loan to value loans, but they are out there. I work with a lot of Danes and I have so far been able to find mortgage for them.
Best of luck. If you need any help in this matter, please do not hesitate to contact me.

Lars Kier http://www.KierHomes.com

Web Reference: http://www.KierHomes.com
Sat Nov 22 2008, 15:32
Scott Godzyk
Agent
New Hampshire
FIRST ANSWER

This home is only in preforeclosre as it is listed on realty trac as lis pendens. It means the foreclosure auction has not taken place yet, once it does, and the bank takes it back, it will be goven to an assett manager who will list it with a local realtor, without seeing the inside i dont know if you would be able to get a mortgage or not. good luck with your search Maggie.

Sat Nov 22 2008, 15:11

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