How long is the wait after foreclosure until you can finance an investment property?
Yesterday I was talking to a colleague and we discovered another little niche that we have. With conventional financing you must wait 7 years to buy again after a Foreclosure.
We have a portfolio loan that allows someone to buy again after 5 years. It’s not a large niche, but my colleage currently has one in the pipeline. It made me think.. maybe I should write a litte blog post and let google find me in case someone out there is using google to find a loan..
If you need an investment property loan and you are 5 or more years past your foreclosure and less than 7 years.. I’m your guy!
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