Hi all - I live in another state and signed a Buyers Ageement with an Agent that I trust- now I use the POF letter "Costal Funding" and sent off because the bank says that want POF. Ok now, agent is asking if I have my contractors lined up - I can assume the bank as accepted my offer or will soon. House has tenants in it and are in good standing - I will be sending my signed contract to my atty for safety reasons and I do not have an end-buyer yet. If I decide to hold the property myself, is it possible or feasible to get the an appraisal first and ask the same bank or HDML for funding for fix-up of leaky roof and HVAC in the house and some remod before I close on the deal?
Can not go to bank - scores too low - but the property qualifies for fix up - please someone help me.
Hi all - I live in another state and signed a Buyers Ageement with an Agent that I trust- now I use the POF letter "Costal Funding" and sent off because the bank says that want POF. Ok now, agent is asking if I have my contractors lined up - I can assume the bank as accepted my offer or will soon. House has tenants in it and are in good standing - I will be sending my signed contract to my atty for safety reasons and I do not have an end-buyer yet. If I decide to hold the property myself, is it possible or feasible to get the an appraisal first and ask the same bank or HDML for funding for fix-up of leaky roof and HVAC in the house and some remod before I close on the deal?
Can not go to bank - scores too low - but the property qualifies for fix up - please someone help me.