Foreclosure in Westchester : Advice

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Paul F.Marzo…, Real Estate Pro in Hackensack, NJ
Paul F.Marzolla (201) 957-6768 answered:
Is it possible to buy a short sale with a loan (eg, finance a short sale) rather than all cash? What's the order of events to do it?
Arkashi,

You can absolutely purchase a short sale with a mortgage/loan; in fact, I recommend it.

The very first step it to ensure you're qualified which we'll discuss when we spe ... more
0 votes Share Flag Wed Oct 1, 2014 Foreclosure in Westchester
Paul F.Marzo…, Real Estate Pro in Hackensack, NJ
Paul F.Marzolla (201) 957-6768 answered:
Trying to buy a short sale. Did my own inspections. My lawyer says I need committ letter from my bank before presenting offer to seller's bank. True?
I've worked on many short sales and have never supplied a commitment prior to bank approval. Generally a pre-approval and updated pre-approval are sufficient. Every bank has their own p ... more
0 votes Share Flag Tue Jul 29, 2014 Foreclosure in Westchester
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