Bankruptcy Earnest money deposit Land Renovation 
HomeLight
JULY 31, 2021
When looking for properties to buy, he focuses on single- and multi-family homes rather than vacant land or mobile homes because they allow for “value-add.”. They can purchase a property at a discount, providing value through a quick sale to the owner, and leverage their funds and expertise toward a profitable renovation. Good bones.
HomeLight
JUNE 30, 2022
Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. Transaction details: the purchase agreement and a copy of your earnest money deposit. A “completely renovated waterfront home” may actually be a house across from a creek that was remodeled years ago.
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