I would like to know if anyone has bought a HUD foreclosure home? What is involved in the process and is it hard getting banks to finance the purchase? Also, has anyone ever bought a foreclosure from the court house(sheriffs sale)? How would I get financing for that when you have to bid on the property? Im new at all this and my first purchase will be for myself to live in. Any info is greatly appreciated.
Posted in Homes For Sale
Tagged advice, anyone, banks, Court, court house, Foreclosure, Home, house, HUD, hud foreclosure, process, Purchase, sale
I want to buy a small home for my mother using lease purchase, land contract, owner financing or some other creative finance. Fico in 700′s
Posted in Land For Sale
Tagged contract, creative finance, East Liverpool, east liverpool ohio, FICO, finance, financing, Home, Land, land contract, lease, lease purchase, mother, ohio, owner, Owner Financing, Purchase, sale
hi,
both of us buyer and seller signed the contract on friday after a week of going back and forth over the phone about small details. i called to get an appointment for the home inspection, but accidentally found out that the seller is still showing his house to others who are coming in for a second viewing and says he will still negotiate with others.
he says that since he has 5 business days, he is still entertaining offers. what do i do? i live in illinois. we never signed the optional part of the contract where it asks if he is allowed to still keep his home on sale. is he allowed to get a contract signed and then still entertain other offers. i dont want him to use my contract to leverage with other people. the home is very desirable, but we are on a budget. also i am not selling my current home so there are no such morrtgage contingencies based on my current home.
lawyer is out of town till tuesday. this is getting in my head. its that sunken heart feeling of loosing your dream home. he was talking with me like he is warning me that the deal may not go through since he is getting another better offer.
can i argue with him using the good faith covenant and fair dealing covenant?
thanks,
mona
As someone who is not yet ready to purchase my first home, but would like to start thinking about the possibility in not to distance future, how much should I expect to pay in monthly mortgage payments for a $200,000 mortgage. Let’s assume average credit (some credit cards carrying little to no balance, no defaults or late payments on rent, bills, credit cards etc) and the 200,000 will be covering the full purchase price of the home.
Posted in Mortgage Tips
Tagged balance, credit, credit cards, Home, late payments, monthly mortgage payments, morgtage, mortgage, possibility, price, Purchase, RENT, someone
Im looking for an acre of land for a future home site. I want to be able to out right purchase it. Im having a real hard time finding such a small lot. I can find lots of 20+ acreas. Help someone please.
Posted in Land For Sale
Tagged Acre, acre of land, alabama, community, future home, hard time, Home, Land, land for sale, lot, Purchase, sale, site, someone, time