filed bankrupt 7yrs ago since then have 2 repos and bad credit, would like to buy home with a credit score of 610 and 15% would I be able to ?Need finance help on buying home?
Try http://www.debtreliefprogram.esuperfind.鈥?/a> not sure if they'll service your area but at least they are not a scam.Need finance help on buying home?
Not normally. But if you agree to buy one of the bank's own repo's, they might just do it to get the house sold. Watch for one of the repo's that has sat on the market for 6 months; and watch for the sign that the bank will finance their own property. Make your offer. Get the keys and move in..
If I was the lender I'd hit you with a big stick!
No, I am just joking, OF COURSE I would lend you money, even at 10% I am sure you have mended your horrible, HORRIBLE ways.
So good luck and I hope you succeed :)
you would almost certainly need assistance with something like an FHA or other insured or guaranteed loan.
ONLY 2 repos after the bankrupt? You'll be SAILING. Go dude go, America is all YOURS %26gt;%26gt;%26gt;
Possibly. Banks ARE scraping the barrel right now.
:)
Well, if I were the lender, I wouldn't loan you any money. Good luck.
Sunday, August 22, 2010
Buying Home in Different State?
My wife and I currently live in Northern California and are both gainfully employed making roughly $80,000 a year. We are now considering moving to Texas and would like to purchase our first home.
Unfortuantely, we wouldn't have jobs out there for at least our first few months. My question is a fairly simple one.
Can we qualify for a loan based on our current income even if it's in another state?Buying Home in Different State?
Absolutely not. No income, no loan. You have to get jobs in Texas before you will qualify for a loan there. Hopefully, you get jobs in a similar field, this can significantly reduce the time you will have to wait to qualify for a new mortgage.Buying Home in Different State?
Not if you are not employed, but ask your lender. If you have been with your bank or credit union for a long time they might give you more leeway.
That is COMPLETELY up to the individual lenders. You have to ask THEM.
Unfortuantely, we wouldn't have jobs out there for at least our first few months. My question is a fairly simple one.
Can we qualify for a loan based on our current income even if it's in another state?Buying Home in Different State?
Absolutely not. No income, no loan. You have to get jobs in Texas before you will qualify for a loan there. Hopefully, you get jobs in a similar field, this can significantly reduce the time you will have to wait to qualify for a new mortgage.Buying Home in Different State?
Not if you are not employed, but ask your lender. If you have been with your bank or credit union for a long time they might give you more leeway.
That is COMPLETELY up to the individual lenders. You have to ask THEM.
Do I have to have a real estate license to buy homes, fix them up then sell them?
No you don't. You need a license only when you are representing someone else in a transaction and you have no equitable interest in the property.
Since agents are representing others, and collecting a fee for their service, they have to be licensed. Why? Because they are supposed to be the expert, and prevent their customer from making mistakes.
Since they are giving advice and assisting with the biggest purchase that person might make, they need a license so that there is a consequence for not doing the right thing, and so a buyer/seller will know that the person representing them has appropriate training.
When you buy a house to fix up, you have an equitable interest in the property. This gives you full and legal right to sell it your yourself. That's why you can sell a house for sale by owner.
There are advanced real estate investment strategies where you don't have to buy the house and still sell it for a profit. You can do this through real estate options.Do I have to have a real estate license to buy homes, fix them up then sell them?
No, you don't. It's just like you are buying a house for yourself or selling it for yourself. Enjoy!Do I have to have a real estate license to buy homes, fix them up then sell them?
No, stick it to the man!!
Not at all. The first step is finding a property to fix, fixing the property, then selling the property. Involved are numerous steps: (1) how to find one (2) how to know if it is priced right (3) what it would be worth when fixed up (4) deciding which upgrades would make the home more valuable (5) obtaining estimates for things you can't fix yourself (6) knowing what costs will be involved in the purchase and sale of the property (7) calculating if this would be a good investment (8) knowing how to negotiate a successful contract to purchase (9) knowing the steps to bring the property to a successful transfer of deed. Following needed repairs and upgrades, the property is ready for sale, which include: (1) pricing the property right for the market conditions and neighborhood (2) knowing how to market the property to the right target (3) knowing how to budget advertisement and knowing the costs involved in the sale (4) negotiating a successful sale (5) steps to take to reach a successful transfer of deed.
If you're not an expert in each of these items, you should consider hiring a Realtor. As your buyer's agent, an experienced Realtor is an expert in the above items. The Realtor's fee is built into the mortgage and if the money weren't built in to pay your buyer's agent, it would go to the seller's agent per their original contract together. As well, when you go to sell the property, the agent will often lower his commission as a courtesy.
Since agents are representing others, and collecting a fee for their service, they have to be licensed. Why? Because they are supposed to be the expert, and prevent their customer from making mistakes.
Since they are giving advice and assisting with the biggest purchase that person might make, they need a license so that there is a consequence for not doing the right thing, and so a buyer/seller will know that the person representing them has appropriate training.
When you buy a house to fix up, you have an equitable interest in the property. This gives you full and legal right to sell it your yourself. That's why you can sell a house for sale by owner.
There are advanced real estate investment strategies where you don't have to buy the house and still sell it for a profit. You can do this through real estate options.Do I have to have a real estate license to buy homes, fix them up then sell them?
No, you don't. It's just like you are buying a house for yourself or selling it for yourself. Enjoy!Do I have to have a real estate license to buy homes, fix them up then sell them?
No, stick it to the man!!
Not at all. The first step is finding a property to fix, fixing the property, then selling the property. Involved are numerous steps: (1) how to find one (2) how to know if it is priced right (3) what it would be worth when fixed up (4) deciding which upgrades would make the home more valuable (5) obtaining estimates for things you can't fix yourself (6) knowing what costs will be involved in the purchase and sale of the property (7) calculating if this would be a good investment (8) knowing how to negotiate a successful contract to purchase (9) knowing the steps to bring the property to a successful transfer of deed. Following needed repairs and upgrades, the property is ready for sale, which include: (1) pricing the property right for the market conditions and neighborhood (2) knowing how to market the property to the right target (3) knowing how to budget advertisement and knowing the costs involved in the sale (4) negotiating a successful sale (5) steps to take to reach a successful transfer of deed.
If you're not an expert in each of these items, you should consider hiring a Realtor. As your buyer's agent, an experienced Realtor is an expert in the above items. The Realtor's fee is built into the mortgage and if the money weren't built in to pay your buyer's agent, it would go to the seller's agent per their original contract together. As well, when you go to sell the property, the agent will often lower his commission as a courtesy.
Is the 8000 tax credit given to those who buy homes from jan 1 2009 til july 1 or nov 30?
The deadline is December 1st, 2009 as of now. They may extend it in the future but for right now its December 1st, 2009.
One key thing that people are leaving out is this. You must CLOSE on the home by the deadline. So if you put in an offer on November 25th, it gets accepted on the 25th, and you close on December 2nd, you will not get the credit.
Also, the tax credit is 10% of the homes purchase price up to a maximum of $8000. There are also income guidelines that are covered in another answer to your question.Is the 8000 tax credit given to those who buy homes from jan 1 2009 til july 1 or nov 30?
http://www.federalhousingtaxcredit.com/
';A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid. ';Is the 8000 tax credit given to those who buy homes from jan 1 2009 til july 1 or nov 30?
First-time homebuyers who purchase a home between 12/31/08 and 12/1/09. Phaseout starts at $75k/$150k and ends at $95k/$170k.
When you file your 2008 or 2009 tax returns, make sure you claim the maximum benefit under this provision. Individuals who purchased a home in 2009 and already filed a 2008 return claiming a $7,500 credit based on prior law should amend their return to claim the balance of the credit (up to $500).
Christine EA Master Tax Advisor
This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided.
http://www.hrblock.com/tax_professionals鈥?/a>
Get more info here too:
http://www.housingmarketfacts.com/8000
One key thing that people are leaving out is this. You must CLOSE on the home by the deadline. So if you put in an offer on November 25th, it gets accepted on the 25th, and you close on December 2nd, you will not get the credit.
Also, the tax credit is 10% of the homes purchase price up to a maximum of $8000. There are also income guidelines that are covered in another answer to your question.Is the 8000 tax credit given to those who buy homes from jan 1 2009 til july 1 or nov 30?
http://www.federalhousingtaxcredit.com/
';A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid. ';Is the 8000 tax credit given to those who buy homes from jan 1 2009 til july 1 or nov 30?
First-time homebuyers who purchase a home between 12/31/08 and 12/1/09. Phaseout starts at $75k/$150k and ends at $95k/$170k.
When you file your 2008 or 2009 tax returns, make sure you claim the maximum benefit under this provision. Individuals who purchased a home in 2009 and already filed a 2008 return claiming a $7,500 credit based on prior law should amend their return to claim the balance of the credit (up to $500).
Christine EA Master Tax Advisor
This advice was prepared based on our understanding of the tax law in effect at the time it was written as it applies to the facts that you provided.
http://www.hrblock.com/tax_professionals鈥?/a>
Get more info here too:
http://www.housingmarketfacts.com/8000
Is there anyone that buys homes in Beverly Hills, FL? Living in CO, renter moved out, I can't make payments.?
Ranch home, stucco, 2br, 1ba, 1 car garage, carpet and tile, lg family room with wood burning fireplace. Washer and dryer, microwave, refrigerator, stove, dishwasher. Quiet area, close to civic center. Home is listed with realtor at $79,900, but has not sold due to economy and many homes for sale in area. Have opportunity to rent home, but mortgage holder will not work with me regarding reduced payments. I am on social security. Is there anyone that buys homes in Beverly Hills, FL? Living in CO, renter moved out, I can't make payments.?
Why are you asking us? It is your realtors job to find a buyer.Is there anyone that buys homes in Beverly Hills, FL? Living in CO, renter moved out, I can't make payments.?
Just ask the concerned persons, I hope you will find a positive result, good luckfacial body eye application
Why are you asking us? It is your realtors job to find a buyer.Is there anyone that buys homes in Beverly Hills, FL? Living in CO, renter moved out, I can't make payments.?
Just ask the concerned persons, I hope you will find a positive result, good luck
Is it better to buy homes straight from the bank ?
It is hard to find out when a bank is ready to sell unless you have a connection. I have had the most luck by finding an owner that wants out, and then contacting the bank to purchase.Is it better to buy homes straight from the bank ?
The VAST majority of lenders use Realtors to liquidate their REO properties.
The VAST majority of lenders use Realtors to liquidate their REO properties.
Where can i buy homes in Florida /ask BRF 561-733-2121?
Bid For Assets .com-Or call a Realtor in Florida and have them Email you a list.
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