Section 8 is not about the rent being paid on time - that's just for you to know. Landlords & owners already know this very well. What you don't know is that landlords & owners must qualify to have their buildings or apartments approved by Section 8 and if they need repairs to meet Section 8 requirements, the landlords have to pay for it. Landlords refuse to spend extra money to qualify for Section 8. In addition, Section 8 forces landlords to accept rents that are about 25% lower than regular rental rates and again, landlords refuse to accept rents 25% less than what they could get from somebody else.... more
Absolutely not. If they are reputable, they will have a management company or someone here, or where the home is, to do business with you. NEVER send money to anyone just to view a property. You will be more than sorry and minus your coin.... more
Most listing contracts do not allow the seller to entertain offers from buyers who do not want to work with realtors. If you chose to pursue this option you would need to notify the listing agent who could choose or not choose to amend the listing agreement.... more
Hello David, yes this can happen if you can not document your wife's child support income. Does she deposit it in the bank monthly or get it in a personal check? Is it court ordered and on time?
There are options depending on some of the factors. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. If your fico scores are low your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.
You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program from a minimum 640 fico score up to 417k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 417k.
If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment you are looking to achieve you can be emailed listings to study and compare. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.
It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
If my response was helpful, consider clicking Thank, Link or Best Answer.... more
The buyers agent and listing agent can be the same person. This is not unusual. The real question you should be asking is if the deal was handled inappropriately and you were mislead on anything regarding the actual sale of the property. Did the seller not disclose a fault in the property that they were aware of? If so, do you have proof?
If you feel nothing was affected in the deal regardless of agent relations or not, youve got nothing.... more