How do I own a home again after foreclosure?
This is probably a long shot, but I have foreclosed on a home within the past 2 years. I make too much money for any assistant programs by $30,000, yet I cannot get a mortgage because of the foreclosure, and also cannot get an apartment because of my now poor credit due to the foreclosure. How am I supposed to find anywhere for my family to live if there is no help for me in my situation?
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3 Responses to “How do I own a home again after foreclosure?”
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September 18th, 2009 at 4:11 pm
There are apt. out there for you to rent. Normally over priced for the quality of the home, but they rent to bad credit people.
To purchase an new home, you need to look for homes for sale by owners willing to finance the home on a LSC (Land Sales Contract), they are usually listed as OWC (owner will carry). You make payments directly to the seller instead of a bank.
Again you will pay higher interest than the going bank rates, but the interest is negotiable. A lot of people would rather sell this way so they get more interest from than they would investing the money from the sale in stocks or bonds.
September 18th, 2009 at 8:05 pm
sicher k
September 19th, 2009 at 6:14 am
U zult een flat of huishuur kunnen vinden als u houdt proberend. Niet vereist iedereen goed krediet, of zelfs controleert krediet. Als u goede werkgelegenheidsgeschiedenis hebt, is dat positief.
U kunt uw kredietstandaard verbeteren.
Uw beste optie moet uw krediet BOUWEN door alle rekeningen geheel te betalen, op tijd. Om onderaan alle creditcardsaldi te betalen, die 3-5 keer minima betalen. Om schuld te verminderen, om het besteden te verminderen, om gebruik van krediet te verminderen.
Dan SAVE voor uw aanbetaling. U hebt aanbetaling 3.5%-5% nodig en 10% is beter, vermijdt 20% het betalen PMI om een huis te kopen. Om te huren, hebt u 3 maanden nodig huur. SAVE en spaart voor uw toekomst door geld terzijde te leggen elke looncheque.
De verhindering is Negatief, maar kan worden overwonnen.