Hi Corina,

I'd agree with John. Your first step should be consulting with a divorce attorney. It appears that in your present situation it's not a question of if you can qualify and buy, but if you should buy at this point in time.

Once you're able to buy without risk of your purchase becoming community property, then you'll want to speak with a loan officer about your ability to qualify, and if so, for what amount.

Hello Corina. The advice from other below should give you a good start. HOWEVER, please consult your attorney before thinking about buying a home before you are divorced. Nevada is a community property state, which means that condo will be half his unless otherwise mutually agreed upon or ruled upon by a judge--I have a feeling that isn't your desired goal.

Would you consider keeping one of the condos as your property in the divorce settlement? If the timing works for you, you could move in and live in the condo for 2 years or so. Depending on the market you could move up to a larger home when you have stabilized your issues. You should talk to a lender now and/or a financial planner to make plans for your future. Good luck to you.

Corina,
You will have to see if you can qualify for a loan based on your credit scores and will your income support the monthly payments of the home you desire. Please give me a call or email and I would be happy to assist you.

Hi Corina,
Sorry to hear about your divorce. I know that must be hard. You might be surprised at the prices of homes these days. We sold a home today that was $95,000 and not a piece of junk either. You may want to consider a townhome or condo to start and work your way up. You will probably need an FHA loan and ask for the seller to pay closing costs & down payment. The best way to start is to speak with a lender! Then you can determine your buying power. I know of a lender, Robert Flint at 702-256-4900 who would be a great place to start. After that, you can start shopping.

Do you have an income to support the payment? IWhat assets do you have? Is your name on the loans for the other properties? How will the properties be divided in the divorce? What is your credit rating? The answers to these and other questions will determine your abilty to purchase at this time. Since you are working part time, it might not be feasible to purchase until you finish school and gain full time employment. But, a loan officer would need to look at the whole picture to advise you.