How to find REI-ers finance sale of my house...

Financing, Hard Money Lenders, Private Money
1

Ok so it is actually my sister’s house, but…

I am looking for how or what I should I search for to find investors willing to offer financing to prospective buyers who can not get bank financing requiring a score of 640+.

Some details that may or may not be necessary…

House in San Antonio, Texas 78223
Advertised Price: $89,900
Renovated 1 or 2 years ago (nicely)

With what little I know about REI, There should be someone or some company looking at notes/financing. I am sure there may be a discount to the sale price or an increase in sale price to the buyer or something in exchange for financing at 9% or 10%.

Any help would be appreciated.

2

Hi,

I think if your sister needs all cash on this, she should sell to qualified buyers that qualify for FHA financing!

It makes it pretty simple!

         GR
3

Well she has a loan with a bank right now. She is looking to cash out her profit in the property, but can’t seem to find a buyer with 640+ credit score.

Then again I am not sure who is telling her the 640+ thing. I am starting to think this may all be coming from her Realtor. :banghead

I will make a call myself to a Mortgage professional here in the area and confirm what that information is about.

Thanks.