Basically you are stating that you do not pay your bills and you want to buy a house and not put any of your own money at risk. Would you lend to somebody like that? I think you know the answer to that question. First prove you are a responsible person by taking the corrective actions to fix your credit and ensure this does not happen again. You can search my answer archive here in Trulia to see how you can rebuild your credit at no cost.
Hope this helps.
Don Groff | REALTORÂ® & Mortgage Broker
Austin Real Estate Pros & 360 Lending Group
o 512.669.5599 | m 512.633.4157 | email@example.com
websites: http://www.AustinListed.com | http://www.360LendingGroup.com
It costs $2,700 to attend the week end seminar.
It costs between $7,000 to $15,000 in enroll and a gauranteed 'get rich' system of investing in real estate with no money down, using other peoples money and it's as easy as getting a real estate agent to go to work for you FREE!
When the truth surfaces, someone has made off with $17,500 of your money. So, who got rich?
As others have stated, your very best action is to fix your credit, and save some money. However, it is most likely you will seek a lease/option or rent to own. The result will be exactly what the 'get rich' plan is, you moeny goes into someone elses pocket.