Hello, I am seller in Piscataway, NJ (Birch Glen) I already have a buyer lined up, the buyer has occupied the unit under use and occupancy contract, the use and occupancy expired on Dec 31st so we are now on month to month use and occupancy agreement. Unfortunately, the buyer was about to close on Dec 31st had a mortgage commitment and later the bank backed out. Now the buyer is still trying to get a mortgage and banks are not cooperating (Buyer is ready to put 20 % down) and as far as i know has great credit. HOA isin litigation with the builder my unit which i am selling is not affected based on the inspections performed by the engineer. The buyer is all settled and is ready to purchase, i have to sell the unit as i have moved out to an apartment with a lease for 1 year, so if i request to vacate the buyer i am double financial obligation (rent &mortgage) the rent the buyer is paying under use and occupancy agreement does not cover all my costs (MORTGAGE+TAXES+HOAFEES) i am putting $600 out of pocket to keep the property payments in tact and + my rent for my apartment.
Can some one help me and my buyer find a mortgage????... more
For buyers, the most important piece of your transaction is your mortgage. Â You will shop rate, but let me challenge you by thinking bigger. Â Think process and realize your goal is to buy the house.Â
Here's a tip if you plan on using the equity in your home to buy another home. That is, you decide to apply for a home equity line of credit on your existing home (HELOC) in order to put money down on