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Old 02-10-2011, 02:04 PM
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Default Best online forum for mortgage and foreclosure...

...purchase investments? Can anyone give me a good online forum to ask questions about buying foreclosure property?Is was mostly wondering if it is (roughly) possible to get a purchase a foreclosed property, and then get an equity loan and that same property.For example, a condo costs $20,000, I pay half up front and finance the remaining $10,000.The property is worth $40k, can I get an equity loan for the $20k equity, pay of the mortgage, and use the remaining $10k for repairs and improvements?Or is it unlikely for a bank to give an equity loan in that situation? Assuming credit and everything else checks out.A good online forum would be awesome but answering the question would help too, thanks
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