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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Bridge loan from trustee sale to my lender... Posted by Ryan Andersen on January 11, 2010 at 4:37 PM I'm getting approved for a VA loan to purchase a home in Orange County, CA. I've been tracking the trustee sales daily and fully understand that I must have cash to purchase at the steps. ~ Are there any cash investors or does anyone know an investor that can 'bridge' a short term loan (cash) from trustee sale to my lender for a quick resale back to me with an institutional lender? ~ Is there any seasoning required to purchase a home from someone that purchases a home from trustee sale with VA? Of course I'm willing to pay a negotiated fee for the 'bridged' loan. I also know I will be the winning bidder because I'll know what the pros 'best bid' amounts are, based on their expected profits/rehab/resale costs. I'll have the leverage due to the home being my primary residence and can absorb most of those costs (minus the investors fee). I can go up to my modified winning 'best bid' amount, yet start low with the pros. Whomever the investor is, will be shown ALL details. Thanks again! Ryan Follow Ups: Re: Bridge loan from trustee sale to my lender... mmvfinancial 7:30 AM, 06/15/10 (1) Bridge Loan James Smallwood 8:12 PM, 06/17/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I'm getting approved for a VA loan to purchase a home in Orange County, CA. I've been tracking the trustee sales daily and fully understand that I must have cash to purchase at the steps. : ~ Are there any cash investors or does anyone know an investor that can 'bridge' a short term loan (cash) from trustee sale to my lender for a quick resale back to me with an institutional lender? : ~ Is there any seasoning required to purchase a home from someone that purchases a home from trustee sale with VA? : Of course I'm willing to pay a negotiated fee for the 'bridged' loan. I also know I will be the winning bidder because I'll know what the pros 'best bid' amounts are, based on their expected profits/rehab/resale costs. I'll have the leverage due to the home being my primary residence and can absorb most of those costs (minus the investors fee). I can go up to my modified winning 'best bid' amount, yet start low with the pros. : Whomever the investor is, will be shown ALL details. : Thanks again! : Ryan [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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