I know this question was asked in April but the only lenders in this area that may entertain that type of property is Bank of America and or Wells Fargo. You can check there if you have not moved on. Have a great day.... more
Some of my clients have bought homes after the 3rd anniversary of their foreclosure, however each situation may vary. I can get you connected with one of the finest lenders in the area which can look into details for you and guide you through the process.
One you are approved, I'd be glad to find you the perfect home. Please give me a call and I will get you started. Thanks ~
I wonder, why your foreclosure is not showing on your report though!!
Faiza Alvi - RealtorÂ®
Prince William Realty, Inc.
MILLION DOLLAR CLUB - PWAR 2011
Real Estate is about building relationships
& serving clients with honesty, integrity & passion.... more
Unfortunately, I do not believe you will be able to find anything in the Greenbrier area for $60,000 - 80,000. You may find something for 125 - 150. I would be happy to assist you in your search. Feel free to contact me at anytime.... more
I would be more than happy to talk with you about your situation. My name is Tony Brula and I work for Access National Mortgage, a Direct Lender and Division of Access National Bank. I've been in with them since 2000. My cell number is 571-331-3219... more
As long as the Stock Market continues to hold or inch up the answer is most likely. In my opinion, we should be heading for a sell off, but it over due that's for sure. Until the Stock Market corrects, rate most likely come down again. The U.S. Dollar is in the dumps which most people don't follow unless you send money to another country. The dollar has lost big time over the past 4 years, and is a big contributing factor as the cost of goods continue to rise. The only way to make up for the lost of buying power is to pay more for products or as you see on the grocery shelves, buy items in smaller quantities. The FEDs can't hold down the rates forever by printing and buying our on Bonds and as soon as there is a sign of inflation, there we'll go. I have tried to encourage everyone I can to get back into the housing market especially first time buyers while the rates are at a all time low, but with the lack of inventory in many areas, poor Joe and Patty Smith Homebuyer can't catch a break.... more
If you could tell me what area(s) you are looking to buy in I can put together some detailed information as to what loan programs are available. There are 2 or 3 no money down programs that may interest you.
Elliott R. Oliva
Washington Mortgage Group, Inc.
If your lender is a National Lender it is possible but I think the minimum limit is 620. If you would like to contact me I can give you a Va. lender to ask questions of. 540-493-3991 Cathy Pearce
United Country Quality Realty:)... more
I assume you plan to purchase another property when you cash out? Since this is an investment property and is fully paid that is for you can take out as much as you wish. The condominium association isn't have any say on your decision.
You can look at your position the same as a situation wherein you bought the property for cash. No mortgage, no lender, no approval required by a financial institution or the condo association finance committee.
The decision is yours to make and act upon.
Please contact me if you are looking for an experienced agent to manage the rental of your property and/or to help you locate another investment property.
Long and Foster Realtors... more
Hi JD - you can call the condo association and ask them if they are legally allowed to interpret that question differently. Also, I know of a bank that has a portfolio product where the investor ratio is not a factor. Please contact me if you would like more information.