Comments on: How do I invest in real estate if I had a foreclosure in the past? http://www.stpaulhouseforsale.com/blog/how-do-i-invest-in-real-estate-if-i-had-a-foreclosure-in-the-past/ Tue, 07 Sep 2010 06:39:34 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Andrea http://www.stpaulhouseforsale.com/blog/how-do-i-invest-in-real-estate-if-i-had-a-foreclosure-in-the-past/comment-page-1/#comment-1734 Andrea Sat, 19 Dec 2009 04:18:53 +0000 http://www.stpaulhouseforsale.com/blog/how-do-i-invest-in-real-estate-if-i-had-a-foreclosure-in-the-past/#comment-1734 I know of a hard money lender that will finance you if you have the down payment. They will expect you to repair your credit in 3-5 years to payoff the balloon payment. Contact me if you are interested.<a href="http://www.resumeminers.com/Job-Interview/Types-of-Job-Interviews.htm"> Andrea</a> I know of a hard money lender that will finance you if you have the down payment. They will expect you to repair your credit in 3-5 years to payoff the balloon payment. Contact me if you are interested. Andrea

]]> By: Add Real http://www.stpaulhouseforsale.com/blog/how-do-i-invest-in-real-estate-if-i-had-a-foreclosure-in-the-past/comment-page-1/#comment-1733 Add Real Fri, 18 Dec 2009 19:17:14 +0000 http://www.stpaulhouseforsale.com/blog/how-do-i-invest-in-real-estate-if-i-had-a-foreclosure-in-the-past/#comment-1733 The easy answer is to find a credit partner. You provide the cash- he has the credit. Both of you or at least an entity the two of you control is on the deed.<a href="http://www.resumeminers.com/Recruiting/Recruiting-Services.htm"> Add Real</a> The easy answer is to find a credit partner. You provide the cash- he has the credit. Both of you or at least an entity the two of you control is on the deed. Add Real

]]> By: Alterfemego http://www.stpaulhouseforsale.com/blog/how-do-i-invest-in-real-estate-if-i-had-a-foreclosure-in-the-past/comment-page-1/#comment-1732 Alterfemego Fri, 18 Dec 2009 01:00:56 +0000 http://www.stpaulhouseforsale.com/blog/how-do-i-invest-in-real-estate-if-i-had-a-foreclosure-in-the-past/#comment-1732 30% isn't 100%. You will need financing. And if you don't qualify, then you don't qualify.<a href="http://www.medicalsupplyservices.com/durable-medical-equipment-company.htm"> Alterfemego</a> 30% isn’t 100%. You will need financing. And if you don’t qualify, then you don’t qualify. Alterfemego

]]> By: v b http://www.stpaulhouseforsale.com/blog/how-do-i-invest-in-real-estate-if-i-had-a-foreclosure-in-the-past/comment-page-1/#comment-1731 v b Wed, 16 Dec 2009 21:17:50 +0000 http://www.stpaulhouseforsale.com/blog/how-do-i-invest-in-real-estate-if-i-had-a-foreclosure-in-the-past/#comment-1731 If you have 30% cash for a new place, exactly how did the old one get foreclosed on? Any sane bank is going to ask why you walked away and refuse to lend on a new property. If the condo was rental property, you won't be able to exclude the cancelled debt income (you kind of break even eventually, but you'll have to pay the depreciation back).<a href="http://www.myislandholiday.com/holiday-island-arkansas.htm"> v b</a> If you have 30% cash for a new place, exactly how did the old one get foreclosed on? Any sane bank is going to ask why you walked away and refuse to lend on a new property.

If the condo was rental property, you won’t be able to exclude the cancelled debt income (you kind of break even eventually, but you’ll have to pay the depreciation back). v b

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