InnoVest Resource Management's Foreclosure Forum

Discussion Board Foreclosure Training Title Holding Trust Speaking Schedule Foreclosure Codes 50 State Foreclosure Basics Foreclosure Glossary 60+ Yrs Interest Rates News & Trends FAQ Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Seasoning? Posted by Ed on December 16, 2001 at 10:38 AM Hi Ward, If one were able to do an all cash purchase of a foreclosure property at say 70 to 75% below FMV and I was able to rent the property out for a slight positive cash flow, would it be feasible to quickly take out a traditional 70-75% non-owner occupied loan from an institutional lender to get your original purchase cash out of the property? Are there seasoning issues that would not allow you to do this? Thanks in advance. Follow Ups: Re: There's no universal seasoning required. Ward-CA- 7:00 AM, 12/17/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi Ward, : If one were able to do an all cash purchase of a foreclosure property at say 70 to 75% below FMV and I was able to rent the property out for a slight positive cash flow, would it be feasible to quickly take out a traditional 70-75% non-owner occupied loan from an institutional lender to get your original purchase cash out of the property? Are there seasoning issues that would not allow you to do this? : Thanks in advance. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Copyright © 1997-2001, InnoVest Resource Management

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455