Wanting to buy a home.I filed bankruptcy in 2011 after my wife passed and didn't reaffirm on my home. The bank took it back in may of 20013. Now I want to buy another home, is it possable. I live in Indiana.
Down payment minimums are a function of the loan type used. FHA requires a minimum of 3.5% down. VA and USDA require 0% down. Conventional loans range from 5-10-15-20% down. You can always put more down to reduce the loan amount and thus your payments each month.
If you are asking about earnest money then that is negotiable between you and the seller. Your agent will have an idea of what is customary in your area. If you want to offer an amount with $500 earnest money and the seller wants you to put more in escrow, they will counter your offer with that amount. Your Realtor will be better able to advise you on earnest money than the lender will. The lender will be able to tell you more about money as a down payment to the loan.... more
no. It is a bilevel, and it leaks in the basement. The mold is growing up the walls. The owner has no interest in fixing the problems before selling and Nipsco Red tags the dryer outlet because it goes into the garage. And also has redtagged the hot water heater. the owner has no interest in any of these problems.... more
Since no local answers yet--any local agent can help you--contact any realty office(s) and inquire or contact any local Trulia contributor(s) directly and ask--or check your local property records departments and see if any leins exist--as far as the utilities--it really depends on usage, size of the property, etc. and again any agent can help you with some guess estimates.... more
Yes, you have some decisions. Rent to own could be good, but in most cases the purchase price is "undefined" so beware.
Before you consider the foreclosure, consider these re-financing options and the "short sale" alternative:
Financial distress? Homeowner finance options through HOPE NOW, an alliance between counselors, mortgage companies, investors, and other mortgage market participants. See the link for more information.
Short Sale Consideration Webinar. (35 minutes). A must watch before starting the short sale of your home. More information on the short sale process. What is a short sale? What should I do? How much will it cost? Watch an excellent short sale webinar that will answer most of your questions at this link: http://www.arizonahomesland.com/forsellersorlandlords.html... more
Need $5,000 for CLOSING COSTS? Maybe this is the home you saw on TRULIA! this home has just been 'reduced' in PORTAGE. It's a 4 Bedroom, LOVELY split level with a two tiered CUSTOM deck area, leading to a fantastic oversized OVAL- Swimming POOL!. It has beautiful custom features, including a NEW whirlpoo relaxing TUB, and finished LAUNDRY, with storage and CERAMIC floors. Close to schools in NEWER subdivision.
REDUCED by $5,000.00 yesterday .. a n d the seller is offering $5,000.00 CLOSING COSTS. With the TAX credit of up to $8,000.00 it's certainly a great BUY! Contact me and I'll forward the MLS LINK to this home! Isn't TRULIA a GREAT site for networking?!
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Hi Sharon, funny you should ask that question. I decided to try Trulia to find a realtor who will really go to work for us and sell our home in Peru,Indiana. So if anyone can suggest any excellant realtors for the Peru,Indiana area I would greatly appreciate it! Good luck with your search Sharon. Sharon, I don't know what area you are looking in but we have a 2 story Victorian in Peru,Indiana for 89,900 and that includes ALL APPLIANCES EVEN THE WASHER/DRYER low taxes close to schools and hospital and a 2 car detached garage. Plus we are offering a home waranty. My husband shared the house that is up for sale with his previous wife who passed away in 2005 at St Vincents Hospital in Indianapolis after a long battle with breast cancer. My husband and I are wanting "Our" own home is why the house is up for sale. Want more info. Email me at