Foreclosures and SONYMA loans... possible?

Asked by Ms. Independent, Yonkers, NY Wed Oct 27, 2010

I want to buy a foreclosure in Yonkers but am planning on using a SONYMA loan. Is this possible?

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Rey Hollings…, Agent, White Plains, NY
Thu Oct 28, 2010
I wasn't sure about the answer to this one, so I pitched it to one of my mortgage experts Leslie Blanco Ishoo of Bank of America. She said it is possible because the status of property does not impact loan program as long as you meet the SONYMA guidelines.

If you want to speak with Leslie directly for additional questions... AskRey.

Rey Hollingsworth Falu
Licensed Associate Real Estate Broker
Houlihan Lawrence - Bronxville

Direct 917-855-0277
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