Todd,
If you are still looking for a lender please call me or email me, I can help you. Im a mortgage banker for a direct lender AmericaHomeKey Inc., right here in Ft. Lauderdale and depending on your credit, rates go anywhere from 5.0% to 6.5%. Nobody should have to pay 9-10% under any circumstances.

regards,
Frank Olguin
Mortgage Banker
AmericaHomeKey Inc.
500 W. Cypress Creek Rd.
Suite 330
Fort Lauderdale, FL 33309
Folguin@americahomekey.com
954-771-7715 x104 Office
561-386-9731 Cell
954-379-4469 Fax

Hi Patrice, no we have not yet bought and are still in the market for an owner finance. we are interested in your home in stuart

good morning todd.can you share with me what your three credit scores are?.15 yrs is a long time for a divorce to still haunt you.....i am licensed in your state if you have any questions...

Did you ever buy a home? We are selling a 6 bedroom 4 bath home in Stuart.

Top earner? Maybe 115k is a "top earner" in the woods of Kentucky, but it's not a big deal in Jupiter or Palm Beach Gardens.

Hi Todd, I just listed a wonderful home in Jupiter - for lease. It would certainly suit a high-eraner like yourself and you might be able to make a deal to buy it from the current owners at a later date.
Also, I have a home in West Palm Beach near the intracoastal and downtown that could be purchased with owner financing. If interested, just email me slee0505@aol.com

Hi Todd,
Owner financing is most times at a higher interest rate than banks, credit unions, and others in the business of lending money for mortgages. Many, if not all, owners would also want to have credit reports on the buyer/borrower run. If your credit reports and resulting FICO scores are the cause of the high rates lenders want you to pay for a mortgage, a private seller will also probably want even higher rates than the banks after getting your credit report.

It appears from your second email that your name is still on the mortgage for the house that your ex-wife got in the divorce and you are being penalized because she is making late payments. You might want to check the divorce paperwork to see whether she was required to get a mortgage in her name alone in exhange for getting 100% title to the house. I'd also suggest that you contact the attorney who handled your divorce, or another attorney who specializes in divorce work or real estate, to see if there is any way you can be removed from the mortgage.

I also suggest that you get a copy of your credit report from all 3 credit reporting agencies (this booklet from the federal government tells you how to get the copies. You should request than any mistakes in your credit reports be investigated and corrected. Here's how to do this: http://www.pueblo.gsa.gov/cic_text/money/fair-credit/fair-crd.htm

If you ex's late payments are continuing to adversely affect your credit after you've consulted with an attorney to get the legal situation regarding who is reponsible for making the mortgage payments straighted out and checked all credit reports for errors and had the errorts corrected, try to have a written statement added to each of the credit reports regarding the situation.

Also, I have a brochure on my website that has quite a bit of information that may help you improve our chances of getting a mortgage at terms you will find acceptable. http://maryhester.com/images/consumer%20credit%20handbook.pdf

Finally, the bigger the down payment you can make, will probably increase your chances of getting acceptable mortgage terms.

Good luck. When you're ready, feel free to use my website to search for homes in the MLS.

Hi,
I am with a company that has over 200 lenders and 1200 programs .We do FHA loans also and can do loans in all over the US. If you want please email me at rogers4940@yahoo.com or call me at 912-617-0459 and let me see if there is any way we may be of service to you.

Todd,

Let me refer you to one of my former real estate associates I worked with in Jupiter when I was a licensed agent down there. I'm now in Virginia, but this guy is as honest and ethical as they come. Just visit http://www.alhenry.com and tell him Frank B. from Virginia sent you. He’ll be able to help and guide you forward.

Frank Biganski, Realtor ABR

P.S. Sorry for the rude answers from Blackula. I reported him to Trulia.

hey blackula - who you calling dunba$$? talk about total dumba$$es. If you read the original question (like a dumba$$ wouldn't do) you would have seen that she got the house in the divorse, she never had to refinance, and she pays her mortgage late, so yes it does affect my credit - dumba$$! Mind your own business anyway - your not seliing a house owner finance. Dumba$$.

You might be surprised at what a bank or lender will lend you. I live in Palm Beach Gardens and am a RE Broker with numerous friends in the bank lending business. Id be more than happy to provide you their names.

Hi Todd,
You may actually get a better rate through the bank than an owner carry. In our area, owner carrybacks typically earn 8-10%. You may also want to dispute some of the items on your credit report- information from 15 years ago should not be affecting your score now.