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Financing in Placerville : Real Estate Advice

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  • Local Info6
  • Home Buying22
  • Home Selling2
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Activity 2
Sat Oct 5, 2013
Jim Walker answered:
There are eight listings shown in Metrolist as "Owner will carry" in the Placerville or nearby areas such as Camino, Pollock Pines, Pilot Hill, and Shingle Springs. Subscribers to Metrolist are able to search specifically for owner will carry. The free public sites do not have this search option. I advise you to find a Realtor who has experience with owner carryback transactions. ( I've done about twelve )

Occasionally we find situations that are not listed as owner will carry, but can persuade a seller that owns free and clear to carry back a loan, even though she did not advertise it that way.
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Thu Mar 3, 2011
Elva Wormley answered:
Hi Starting Over :-)

So sorry to hear about all you've been through recently. I can relate!

You could secure financing through a hard money lender with 30% - 35% down without having to improve your credit scores.

If you're looking for government financing, the foreclosure has to the at least 3 years old, unless you can prove extenuating circumstances to an underwriter's satisfaction.

Please feel free to give me a call if you would like to discuss your options.

Best wishes,

Elva A. Wormley
Cobalt Financial Corporation
(408) 615-8500 or Toll-free (866) 573-3331
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