Property Q&A in Holliston>Question Details

Anne Otis, Home Buyer in 01746

can i put a bid in for 30,000 and if i get it can i rent it out?

Asked by Anne Otis, 01746 Sat Jan 30, 2010

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yes, you can.
seller's lender will need to approve this sale based on opinion of independent appraisal, because this is a short sale
0 votes Thank Flag Link Sat Jan 30, 2010
yes, but it would be an investors loan, since it won't be your primary residence.
The interest rate would be slightly higher than what you would pay for your own home.
0 votes Thank Flag Link Sat Jan 30, 2010
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