2006-08-15 10:04:16 · 6 answers · asked by robert d 1 in Business & Finance ➔ Renting & Real Estate
u dont
2006-08-15 10:09:03 · answer #1 · answered by lowkey616 3 · 0⤊ 0⤋
Pay cash. Not too likely.
Buy one on a land contract. The seller becomes the mortgagor, and you make the monthly interest and principle payments to the seller.
Rent to own. You may have a hard time finding a property under these terms. It is not much different than a land contract. A portion of your rent payment is counted as payment of principle. When you get some equity built up, you then get a regular mortgage.
2006-08-15 10:11:28 · answer #2 · answered by regerugged 7 · 0⤊ 0⤋
There are several ways: you could buy a home on land contract or lease option. Also... depending on your income and how far you are out of bankrupcy... a bank WILL give you a loan at a little higher rate. A friend of mine got a home loan (with no money down) 65 days out of bankruptcy. Talk to a mortgage broker. You may not be approved today... but ask him "what do I have to do to get approved". He/She will give you a detailed list.
Slainte,
-D
2006-08-15 10:10:53 · answer #3 · answered by chicagodan1974 4 · 0⤊ 0⤋
If your still in the market for a loan, as others have said lenders will lend on BK filings day after everythings settled, you just have to find the right lender.
Antal
AToth@Surefastmortgage.com
2006-08-15 18:03:40 · answer #4 · answered by Antal T 2 · 0⤊ 0⤋
Depending on your credit score, you could qualify for 100% financing as soon as one day after your BK is discharged. After two years the BK won't affect your loan qualifications at all. Call me if you'd like more information. Rick Lanicek (800) 256-0817 Ext 202
www.primelendingonline.com
2006-08-15 10:30:03 · answer #5 · answered by Anonymous · 0⤊ 0⤋
How long has it been?
Please call me. We can put you in the best position possible.
Evolution Funding, Inc
904-443-2688
2006-08-15 10:48:51 · answer #6 · answered by Jill R 1 · 0⤊ 0⤋