Where can you find a lender when you want a short term loan on a foreclose property that is on 15,000 and you want to pay it off within 10 years?

Asked by bjschmidt18, Red Cloud, NE Thu May 16, 2013

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Lorie Gould, Agent, Duluth, GA
Thu May 16, 2013
The problem today is that most lenders do not provide mortgages on properties that are $15,000. You will likely need to take out a line of credit to purchase the property versus an actual mortgage.
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