Lehigh Valley Foreclosures seem to be very tempting due to the Price Tag but there are many things a Home Buyer should know about Foreclosures and here we will provide information about what the requirements are for getting a Mortgage for a Foreclosure.
Please welcome my guest writer and Local Mortgage Advisor, Melissa Falcone with Allied Home Mortgage Corporation in Bethlehem.
What are the requirements for getting a Mortgage on a Lehigh Valley Foreclosure?
View this Topic by Video – But make sure to review some of the information below as we have included links to other important references you should know about Foreclosures.
In order to finance a foreclosure the same rules apply and the home will need to meet certain requirements deemed by the lender. You may also want to review Lehigh Valley Foreclosures & Getting a Mortgage
Such requirements include, but are not limited to:
- Running water
- Working electricity
- Working heat
- Stove and sink
- No safety hazards such as broken windows, missing railings, holes in the floor, exposed wires, uneven flooring, excessive amount of yard waste or trash left in the home.
- Must be able to live in the home at settlement.
Lehigh Valley Home Buyers also found other Topics that where related to getting a Mortgage in the Lehigh Valley interesting; Closing Costs, What is a Good Faith Estimate? and Key Elements to the Mortgage Process.
* Lehigh Valley Foreclosures - Requirements for getting a Mortgage?* Moriah Martin is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License
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