this home is in pre foreclosure and my husband and i would like to purchase. no money down, have paid our

Ashly
Other/Just Looking
Owens, Mobile, AL

rent on time every month, land lord apparently isn't paying mortgage. what can i do.

Answers (6)
Ted Guarnero P....
Agent
Juno Beach, FL

Ashly

My friend owns this home at 5835 Brabrook
What price are looking to rent for
How is your credit

Web Reference: http://www.Tedsoldit.com
Sun Dec 7 2008, 14:32
Denise Shockey
Agent
32955

Hi Ashly,

You have many choices as far as what to do and who to use to represent you. Real Estate is local. There are also many aspects of lending that is local also. There are many changes in the market in Brevard Couny that the media and the rest of the world have not caught on to yet, poistive changes. A local lender has access to FHA, and many other solutions. You need a lender that looks out for your best interests. A local lender also has access to bond money and other programs that you may qualify for, some of the bond money is just for Brevard County. Whatever you do, I suggest getting several opinions before you make a big decision like this.

Wed Nov 26 2008, 07:58
NonRealtor
Other/Just Looking
23456

I would wait until it is a foreclosure. Maybe just look for another place to rent. Wait to buy, prices are still declining. Good Luck

Wed Nov 26 2008, 07:15
Paul Whitehouse...
Agent
Melbourne, FL

Hi..Ashly.....Scotts answer is correct. But as a local Realtor I can supply you with a couple of Mortgage Brokers that should be able to pre-qualify you and then you will know how much you can afford. Has your landlord put the house on the market yet.If you require more info please do not hesitate to email me as I would more than happy to help.
Regards Paul.

Web Reference: http://www.paulsold.com
Wed Nov 26 2008, 07:00
Denise Shockey
Agent
32955

Hi Ashly,

The first thing you need to do is to contact a good, proactive lender and get qualified. If you would like, I can connect you with a local, proven loan expert who will quickly let you know what your options are. This is the most important first step, no matter what anyone says. After that, I can research this property and let you know exactly where everything stands as far as the mortgage and the short sale process with the bank. There are many great deals with these, but you must proceed cautiously, which I can explain further if you would like. If you would like this, please contact me ar 321-446-4994, or deniseshockey@gmail.com.

Thank you

Wed Nov 26 2008, 06:57
Scott Godzyk
Agent
New Hampshire
FIRST ANSWER

Good Morning Ashly, There is no link or address so i can not look up the property for you. If you are the tenant and your landlord is not poaying the mortgage, you would first need to ask himn if he would like to sell to you, only with his assisitance will you be able to purchase it as a short sale. he probabily owes more than it is worth right now. as far as nio money down loans there are very few of them left, there is fha whoch is 3% down, the only way to know for sure is you need to meet with a local and trusted mortgage broker who can prequailfy you, it is at no cost and they can tell you what you can or can afford. they would be able to help you to look up the mortgage information for yoru landlord, if your landlord wont cooperate so you can find out who it is and contact them. good luck with working things out.

Wed Nov 26 2008, 06:52

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