http://santacruzhomebroker.com/santa-cruz-real-estate-blog/2009/02/01/what-to-know-about-reo-in-santa-cruz/ News and Views about life, liberty, and the pursuit of Real Property in the County of Santa Cruz, California Thu, 22 Dec 2011 19:35:13 -0700 http://wordpress.org/?v=2.8.1 hourly 1 http://santacruzhomebroker.com/santa-cruz-real-estate-blog/2009/02/01/what-to-know-about-reo-in-santa-cruz/comment-page-1/#comment-354 dl0937 Thu, 07 Oct 2010 04:24:21 +0000 http://santacruzhomebroker.com/santa-cruz-real-estate-blog/2009/02/01/what-to-know-about-reo-in-santa-cruz/#comment-354 Thank you for this posting. It is a very helpfull information. I'm really interested in purchasing a house in Los Gatos, santa cruz county. The house is beautiful and I was more than happy with the price. When I contacted my realtor, she told me the property has a red flag because of some improvements made without a valid permit. And she told me there is no way I can get a loan (fha loan) with a red flag. She told me the only way to finance it is with a 20% downpayment. I do not have that amount. Do you know if there is any bank that can lend this money? I have a small business and I think I can apply for a small business loan and use that money for the downpayment. I don't know if that will work. Thanks for your help. Thank you for this posting. It is a very helpfull information.
I’m really interested in purchasing a house in Los Gatos, santa cruz county. The house is beautiful and I was more than happy with the price. When I contacted my realtor, she told me the property has a red flag because of some improvements made without a valid permit. And she told me there is no way I can get a loan (fha loan) with a red flag.
She told me the only way to finance it is with a 20% downpayment.
I do not have that amount. Do you know if there is any bank that can lend this money?
I have a small business and I think I can apply for a small business loan and use that money for the downpayment. I don’t know if that will work.
Thanks for your help.

]]>