credit score is only 580 I have proverty worth 130.000 paid for

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Icon Mini Profile cricket2121




Joined: 15 Dec 2008

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1.28 Dollars($)
PostPosted: Mon Dec 15, 2008 9:45 am    Post subject: credit score is only 580 I have proverty worth 130.000 paid

theres a house going for auction today need money is it to late to buy need to borrow 85.000
Ihave 40.000
Icon Mini Profile gmakerley
gmakerley
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Joined: 09 Nov 2007

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Location: bloomfield, ct
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PostPosted: Mon Dec 15, 2008 1:28 pm    Post subject:

cricket, let me try to understand this. your subject indicates you have "property worth $130,000 paid" but your text indicates that there is a house going to auction TODAY and you need $85000? you have $40000?
85 + 40 = 125...what's up with the other 5?

is it too late? i would have to surmise that it is. usually to arrange for a loan of $85000 it takes more than a few hours.

is this just a test?

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Icon Mini Profile chrisburns
chrisburns
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Joined: 13 Nov 2007

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Location: Florida
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PostPosted: Mon Dec 15, 2008 3:08 pm    Post subject:

maybe a private money or hard money lender is what your looking for?
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Icon Mini Profile jameshogg
jameshogg



Joined: 20 Dec 2005

Posts: 5167
Location: nevada
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PostPosted: Mon Dec 15, 2008 7:46 pm    Post subject:

Hi cricket,

You can look out for private money lenders as Chris has mentioned. But you should make sure that you understand the terms and conditions of the loan and check if you will be able to afford it or not. If you can afford it, then go for it.

Thanks
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