Upcoming Foreclosures - Can I get a loan on a bank-owned foreclosure anywhere?

Can I get a loan on a bank-owned foreclosure anywhere?

I'm looking into purchasing a condo that has been foreclosed and is now owned by a bank. It's priced at around $37K. Would I be able to shop around for a loan anywhere I want? Or are there certain restrictions on where/who I can get a loan from when it comes to these types of properties?

Public Comments

Not really; most lenders are only concerned with a clear title and your credit worthyness
Yes, but no LO is going to bust his butt over a crap $37,000 loan. Additionally, you still need some decent credit. The days of getting 100% financing when you haven’t paid a bill in your life are over.
that depends on them..some want cash some will loan you. if it's listed in the mls, the nyou can get a loan for it, if auction some wants cash some will finance you ..depends never hurts to call and ask for info
ask the bank holdong the bag on the bad loan if you can "assume", never hurts to ask.
You can apply for a loan for a foreclosed property just like any other property. The bank is concerned with your credit rating and ability to pay back the loan. Hope this helps... Check out TaxSaleWealth http://www.taxsalewealth.com