100 % FINANCIACIÓN

Viewing 3 reply threads
  • Author
    Posts
    • #55823
      GarySFBCN
      Participant

      Another question: For real estate listings in idealista.com and other sites that indicate 100% financing is available, is this an indication of problem properties? What I’m afraid of is the ‘too good to be true’ aspect of something like this.

      I guess I should state that I’m only looking for 50-70% financing for something in Barcelona.

      Gary

    • #100424
      Anonymous
      Participant

      @GarySFBCN wrote:

      Another question: For real estate listings in idealista.com and other sites that indicate 100% financing is available, is this an indication of problem properties? What I’m afraid of is the ‘too good to be true’ aspect of something like this.

      I guess I should state that I’m only looking for 50-70% financing for something in Barcelona.

      Gary

      Hi Gary,

      From what I gather when banks offer 100% mortgage on a property it is generally from their own portfolio of properties which have been repossesed or is the saying in America known as Foreclosed – in any case it is in the bank’s interest to shift these properties and that is why 100% finance is available. If you were not buying one of these properties it is normally 80% mortgage. It is probably a good time to buy now – unfortunately when my husband and I bought it was 2005.

    • #100426
      Anonymous
      Participant

      The question is 100% finance at what price Repossed/foreclosed. If it is at market price, what ever the market price than it looks like the property will be back on the lenders books.

    • #100427
      GarySFBCN
      Participant

      Thanks for the responses!

Viewing 3 reply threads
  • The forum ‘Mortgage Questions’ is closed to new topics and replies.