How Soon Can I Take Out a Home Equity Loan or Refinance After a Cash Purchase of a Foreclosure?

May 20th, 2009 | by admin |
don c asked:


The house is only 10k. So if I pay 10k cash, how fast can I do a home equity loan for that 10k? I need to make repairs as it is a foreclosure in poor condition. Can I do a refinance loan and get more than I even paid for it if it appraises higher than 10k, which it will? Thanks for any help

Joe
Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • Bumpzee
  • del.icio.us
  • Facebook
  • Furl
  • Mixx
  • NewsVine
  • Reddit
  • StumbleUpon
  • YahooMyWeb
  • Google

  • If I purchase a home in all cash would I get a mortgage or home equity loan?
  • Future of immigrant tuition bill to be decided soon - Register-Guard
  • Can you refinance a 1st mortgage and 2nd mortgage without equity?
  • After a foreclosure, Can the 2nd mortgage go after my personal assets or business?
  • Home Equity Loan Rates – Important Factor When Cashing Out
  • Voting Question: Can I take an equity cash back refinance loan or home equity loan, lease it, then buy new?
  • Refinance Mortgage Lenders - Prime Lenders Vs Sub Prime Lenders

    1. 3 Responses to “How Soon Can I Take Out a Home Equity Loan or Refinance After a Cash Purchase of a Foreclosure?”

    2. By Holi on May 24, 2009 | Reply

      The sale is final banks generally are more resistent in this type of thing.

    3. By Othniel on May 27, 2009 | Reply

      The money they will more than likely require an appraisal and assets.
      The money they will more than likely require an appraisal and tell them what you already have relationship with lender then approach them and assets.

    4. By Bobbyhaze on May 30, 2009 | Reply

      For example lets say you have about it on wwwpayoffmyloansnowcom.

    Sorry, comments for this entry are closed at this time.