To the best of my knowledge, the Physician Loan is a Bank of America portfolio product. What that means is, only Bank of America offered a 100% financing program for doctors, and they kept and services the loan themselves. If BofA stopped offering the product, then the 100$ Physician Loan is no longer available. You will have to look for other loan products that will best meet your needs.... more
RMLS #9069924, Listing agent is Brenda Brown with Coldwell Banker, 503-544-5835 Listed for $79,900
It's a bank owner property, and look of the MLS photo's the interior was nearly gutted. So it will need a lot of work.
Need to call her for details.
Good luck.... more
Best contact county determine terms required for auction. Many of these auctions get crazy, unorganized correct no one shows up. Bank usually purchases back .
WHY not agree short sale? Bank approves all short sales not the home owner perhaps have your agent speak with listing agent who has time vested sale property to you. FYI once a property is listed foreclosure on a credit report good luck to family lease a property from anyone ! shows on credit report... more
You need to talk to a lender that can give you your answer. You cannot just get credit anymore that you paid for rent to be credited to your down payment. All low down payment loans are changing Oct. 1, 2008. Seller assisted down payments will be going away. Get to a lender quick and get these questions answered now. Don't get into something that you cannot get out of in a rental agreement. Good luck,
Tom Inglesby, Broker
RE/MAX Equity Group Inc.