what kind of a loan can I get to buy a foreclosure?
My wife and I have found a foreclosure that we want to put an offer in on. The bank that owns it is willing to take a cash offer of substantially less than what they are asking. I want to goto my bank and see what kind of a loan they can give me for the house. The house is listed at $49,900 but the bank is willing to look at an offer of 27k - 30k CASH only.Does anyone have any idea what kind of a loan I can get that wouldn't kill me on interest or what would be my best course of action.I have great credit and will not have any problem qualifying for any loan, I didn't know if there was a specific kind of loan I should look into as opposed to any others.
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