Has anyone financed a foreclosure property on a 95% LTV with only a quitclaim deed?

Asked by Nathan, Scottsdale, AZ Wed Jun 11, 2008

I found a foreclosed property I want to buy. Unfortunately, the owner, an S&L, will furnish only a quitclaim deed, not a warranty deed. F. Mae and F. Mac require a warranty deed. Does anyone know of a lender that will finance on a quitclaim deed? I need 417K on a 95% LTV.

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