Countrywide REO

[sewamazing]

I am a current Countrywide mortgagee. I noticed on their website a list of their REO properties. I have a small business and would like to purchase a cheapo 2nd property to use as a studio. The current listing for one I may be interested in is around $55K. Is there any way I can get out of putting anything down or at least less than 5%? My scores are in the high 600's and my debt ratio is really low.

[admin]

Non-owner occupied properties mostly require abou 10% down, but I'm sure there are exceptions.

[kiloecho]

Cendant does a 5% down investor program. I have a serveral investors that purchase homes in one of my communities and they use this program.