Home Buying in Ocean City>Question Details

kcplumbing03, Home Buyer in Easton, MD

went to buy a condo in ocean city md but cant need a owner financing all condo are covenant not fha need to move sep 1

Asked by kcplumbing03, Easton, MD Thu Jul 4, 2013

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Dave Leiderman’s answer
Hi KC.

Who did you use as your lender? Ocean City is a town driven by condos. All of our local lenders know how to get loans closed. I don't have as much faith with lenders from out of the area. I know several excellent lenders in this market as I live and work in OC.

Aside from dealing with someone locally, it really is like finding a needle in a haystack; I don't have any Sellers who are interested in doing owner financing. Most just want to move on. That said, if you send me your criteria I can search for potential properties that might offer to hold the note for 5 years. I can be reached at 443-235-3828 or dleiderman@cbmove.com.


0 votes Thank Flag Link Mon Jul 8, 2013
Hi KC,

Your best bet is to contact several local Realtors and see if any of them are working with active investors who can help you with a loan.
0 votes Thank Flag Link Mon Jul 8, 2013
If you need help finding a owner-financed condo in Ocean City, MD, give me a call at 443-235-1240 and let me see what I can do to help you. I know there are a few out there, but they are all covenant.

-Steve Parsons
Prudential PenFed Realty - Salisbury Office
801 E. Naylor Mill Road; Suite F
Salisbury, MD 21804
O) 410-912-4700 C) 443-235-1240 F) 410-912-4701
0 votes Thank Flag Link Thu Jul 4, 2013
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