Contact a local lender to find out what options are available at this time in your area that might meed your needs.
Tammy Hayes, Realtor
Re/Max Palm Realty
Not sure where Trisha is getting her info, but you said late payment"s" as in plural.
Your credit score is below most lenders guideline so you are already in a bad place. You can get an FHA loan with a score above 580, but it will require no late payments, so the answer to your question is NO, you cannot get an FHA loan with a 610 score and any late payments. if you had a 620 you could have 1 x 30 day late payment and get away with it, but multiple late payments and / or lates of 60 or 90 may disqualify you completely even with a 620.
Please speak to a mortgage broker regarding issues of financing to get accurate guidelines; they change often.
Tripoint Mortgage Group, Inc.
DRE # 01521904... more
Your lender will not allow the short sale unless there is a hardship and that would mean the payments are already behind. If you are making payments then they will not talk to you about a short sale. You can always rent it and you can talk to the bank about keys for deed where you just walk away, but it is going to adversely affect your credit and buying power.... more
Thank you for putting your request out there on Trulia - the banks are just as picky for a $70k loan as a $300k loan at this time. Depending on the area that you actually purchase there are loan programs in the Littlerock and more rural areas that will allow for a downpayment as little as 1-5%, called USDA.
If you decide to buy more in town, you are looking at total out of pocket with downpayment and closing costs of about 10% of the purchase price as long as you are going to occupy the property.
I would be happy to assist you in your home search, but step one is speaking with a local reputable loan officer - I have 2 that I recommend highly who have the best loan programs in my opinion:
Paul Porteus with Prospect Mortgage, his #661-547-1250 OR Joseph Fernando with Performance Mortgage, his #(661) 349-4770
If I can help you in any way, I'd be happy to do so, you can contact me as follows:
Prudential Troth REALTORS
I just closed escrow on my house yesterday. I lived on the very end of East Palmdale off 60th between Ave R and Ave S and I loved it. Its very quite and a nice neighborhood compared to east Palmdale that is closer to the freeway. Also, west Palmdale is nice just not as many houses/people.... more
Good Evening Susan,
I would highly recommend looking at the properties personally. There are two homes that are currently on the market in that same community. Please let me know if you would like to set up a time for viewing.
Broker Associate, Team Leader
Nancy Villasenor & Associates
RE/MAX of Santa Clarita
25101 The Old Road
Santa Clarita CA 91381
Direct (661) 945-7200
Office (661) 284-5095
Fax (866) 519-2179
Broker License #01433438... more
The report revelead wood-boring or termite infestation.
The buyer asked the seller to remediate the problem.
The seller got an estimate and the wrong estimate was presented to the buyer. The buyer accepted the resolution to the problem in the form of a credit in lieu of getting it treated.
If the both parties had known the actual amount involved, would they still come into an agreement?
The problem here is not who should be responsible but how to settle this AMICABLY outside of closing.... more