does anyone know how to purchase a home with not so good credit. Give me some info or contacts.
2006-07-02 19:39:30 · 7 answers · asked by trying to get it together 1 in Business & Finance ➔ Renting & Real Estate
buy a home that is for sale by owner and also an owner carry. .
2006-07-02 19:48:05 · answer #1 · answered by Angie29 3 · 0⤊ 0⤋
I would like to suggest something. Purchasing a home is one of the most important transactions you'll ever do in your life, and also the most expensive. There are a thousand ways to make a mistake during this process and sad to say, but there are people out ready and willing to give you a bad deal, making you think it's a good deal, and between the two of you...they walk away as the advantaged party. What I'm trying to say is that it's very worth your while to ask around for a recommendation of a competent, experienced real estate agent or broker - and be careful about referrals to someone's best friend or 'Louie' down the street - and talk to that person more than once, get a second opinion if you like. You are what's called an 'unsophisticated buyer', meaning that you're a novice, and a professional with no ethics can spot that. Protect yourself. Don't take shortcuts. Be knowledgable about what you're doing.
2006-07-03 10:47:23 · answer #2 · answered by nothing 6 · 0⤊ 0⤋
I do. I have helped numerous people buy a home. Sometimes life happens and we are unable to pay all bills on time. This is not a death sentence. If you have a good job and pay most bills on time chances are you can buy a house. If it is not in the cards now we can discuss what need to be done to get you there asap. Lots of options out there. Let me know if you want more specifics. A Soft selling broker!
2006-07-03 12:37:08 · answer #3 · answered by unclejesse1 3 · 0⤊ 0⤋
One thing I have learned is that you can get a home loan with a low credit score (as low as 570 I think). One thing that will stop you is if any of your credit reports say you owe more than $5,000 (in bad credit). Even if you had your identity stolen (like me). I have had items on my report since 1999 & these collection agancies keep selling the debt to other companies, so they can stay on you credit forever! I have to just grin & bear it, & just pay these debts (even though they are not mine!). Since these debts are so old, it takes so long to take them off, that it is just faster & cheaper (than paying a lawyer).
2006-07-03 02:52:52 · answer #4 · answered by Xtal 4 · 0⤊ 0⤋
Most lenders will let you get into a home with ZERO down with a FICO score as low as 580.
http://www.lendermark.com
2006-07-03 12:13:33 · answer #5 · answered by lendermark1 2 · 0⤊ 0⤋
http://www.ameridream.org/Home
2006-07-03 02:47:41 · answer #6 · answered by rachellynn200 5 · 0⤊ 0⤋
pick a real estate agent and she might be able to help.
2006-07-03 02:43:26 · answer #7 · answered by n K 4 · 0⤊ 0⤋