Banks are beginning to get a little tighter on the amount they are wiling to accept. You can still get a fabulous deal, however. In addition, Homepath has an excellent program on Fannie Mae (FNMA) owned properties. You can get up to 97% financing with no PMI and no apraisal. I am utilizing this program for my investors and it has become quite popular! If you're interested in investing in the Myrtle Beach SC or central NC area, please let me know.
Here's a site you might like to read through.... http://www.biggerpockets.com/foreclosure-process.html
Dunes
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