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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Financing after trustee purchase Posted by Rick, the Probate Guy on February 02, 2010 at 8:47 AM In Reply to: Financing after trustee purchase posted by Steve on February 01, 2010 at 5:54 PM When someone tells me "no" because they either can't or aren't willing to do something, such as your lender buddy told you, we have absolutely no idea of his reason(s). Really, it's too little info to speculate why you got a 'no' answer. Why not talk to another 'lender' perhaps someone who actually has money to lend rather than a distant intermediary? Traditional/conventional lenders are really scrutinizing all new lending activity hard, and investor-types and speculators (like trustee sale buyers) are really feeling the ever-tightening guidelines. YOu'd be well advised to get your financing in order prior to pulling the trigger, so a HELOC on your own home might be a decent plan for cheap, short-term money. Alternatively, if you're looking for long-term financing, consider changing the acquisition side of your business model to include seller-financed deals. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : When someone tells me "no" because they either can't or aren't willing to do something, such as your lender buddy told you, we have absolutely no idea of his reason(s). Really, it's too little info to speculate why you got a 'no' answer. : Why not talk to another 'lender' perhaps someone who actually has money to lend rather than a distant intermediary? Traditional/conventional lenders are really scrutinizing all new lending activity hard, and investor-types and speculators (like trustee sale buyers) are really feeling the ever-tightening guidelines. : YOu'd be well advised to get your financing in order prior to pulling the trigger, so a HELOC on your own home might be a decent plan for cheap, short-term money. : Alternatively, if you're looking for long-term financing, consider changing the acquisition side of your business model to include seller-financed deals. [ 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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