Private financing

[smitheroosky]

I'm about to go through with a short sale and a friend mentioned that private financing might be an option to where I can buy a house again at a higher rate and then re-finance into a more traditional mortgage once my two year run on the black-list is over. I'm a little leery of the concept since I don't know much about it, and the only person I have managed to talk to about the subject stated that this was more for fast investment turnarounds with rates in the range of 16%, so that obviously won't work. I'm not sure if this is the case for all private lending situations, so does anybody have any information on whether this might be a viable option or any places where I might be able to obtain more information? Thanks, and have a good one.

Dave

[bkause]

Did you stay current on your home? If you did you could buy as soon as the short sale is up. Work with a local mortgage broker.