Home Page of Mississauga Homes and Properties for SaleCondos for sale in MississaugaMississauga Power of Sales ListingsView Mississauga MLS Listings Properties For SaleMortgage Interest Rates in the Toronto, GTA and MississaugaToronto, GTA Mississauga Public Open HousesMarks Contact Information and Profile

You are here: 
  Read more about investment properties

How do I find cash to buy foreclosures?

 

You might be surprised to know that there are several sources of investment capital available for funding foreclosure deals. These sources fall into four main categories:

Conventional financing
Private lenders
Line of credit from banking institutions etc
Hard money lenders

Canadian Real Estate Association LogoReal Estate Helpful Articles and Advice

You can obtain conventional financing from any number of commercial banks and mortgage companies. This source of credit can be very cost effective, providing you have good credit. Most buyers of foreclosed properties use conventional sources of funding, ie mortgage companies or banking institutions.

You can also find investors in private lenders ie. individuals, including friends, relatives, and others who would be interested in providing some or all of the money in exchange for a percentage of the profits you will make when the property is resold. You can advertise by word of mouth, via the Internet, or in local newspapers. You can use existing lines of credit from home equity loans against your own property or from credit cards to fund your investments. Regardless of who's providing the financing, you'll need to put together a loan package that outlines the viability of the investment.

Some investors use hard money lenders who are in the business of providing loans for real estate deals. These sources require you to make monthly payments on the loan until you sell the property and pay off the balance. Check local sources, including the newspapers and television, for ads from hard money lenders and investor-partners.

It’s important for a buyer to be pre-qualified before engaging in discussions with a seller. This ensures that the buyer is in a financial position to purchase the property, and is in the strongest possible position to negotiate.
---------------------------------------

Daily New MLS ListingsHouses for Sale

This series of articles is brought to you by A. Mark Argentino and other real estate related resources, including Canadian Real Estate Association CREA and the Ontario Real Estate Association OREA.

Back to list of Real Estate Helpful Articles

 


Whether you are interested in a Power of Sale Property, a Foreclosure Sale or a regular property purchase, I can assist you with all of the complexities when you purchase or sell your next property.  Please don't hesitate to email me

If you have any questions or require further information, please send me an email.

Thank you,
See Power of Sale Properties Mark Argentino

Read about Power of Sale, Bank Sales and Foreclosure Properties FAQ's

Read a very detailed section about Power of Sale and Foreclosure

or go back to list of Real Estate Helpful Articles

Click for larger graph of Toronto CMA Housing Starts

Page copy protected against web site content infringement by Copyscape

Excellent, I am ready to begin my home search   Read more about investment properties

 

Mississauga MLS Real Estate Properties & MLS.CA Homes for Sale  | All Pages including Mississauga Real Estate Blog all maintained by info@mississauga4sale.com Copyright © A. Mark Argentino, P.Eng., Broker, RE/MAX Realty Specialists Inc., Brokerage, Mississauga, Ontario, Canada L5M 7A1 (905) 828-3434  First created - Tuesday, July 16th, 1996 at 3:48:41 PM - Last Update of this website: Monday, January 1, 2024 9:34 AM
At this Mississauga, (Erin Mills, Churchill Meadows, Sawmill Valley, Credit Mills and / or Meadowvale ) Ontario, Canada Real Estate Homes and Property Internet web site you will find relevant information to help you and your family.


REMAX Mississauga Real Estate NewsletterReal Estate Market Watch Newsletter

Why Subscribe?  You will receive valuable Real Estate information on a monthly basis - such as: where to find the 'best' mortgage interest rates, Power of Sale Properties and graphs of current house price trends.  Plus, you will pick up ideas, suggestions and excellent real estate advice when you sell or buy your next home. Read Past Newsletters before you decide 
Privacy-Policy
Your e-mail: