Foreclosure in Rocky River>Question Details

Brallyg, Home Buyer in Rocky River, OH

Cash only foreclosures

Asked by Brallyg, Rocky River, OH Thu Dec 13, 2012

If a foreclosed property is reo & says purchase is as is & cash only does that mean you can't get a mortgage to purchase this property? Confused

Help the community by answering this question:


Yes that is what it means, cash only is usually used when a home needs too much work for a buyer to be able to get a mortgage on it.
0 votes Thank Flag Link Mon Jan 14, 2013
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