Posted by Charles K. Clarkson (TX) on July 16, 2001 at 03:28:53:
I have talked to a broker but he has told me that lenders won't loan on the "repaired value" of the home.
Leanne, you are talking to the wrong, or an inexperienced, broker. Check with a realtor who specializes in forclosures. They will have contacts with hard money lenders.
As for lenders in NC, I found Statewide Capital Investments 1-800-460-1890 in this message thread:
Read the link for a contact name and info on other investors in your area that may help.