That home is no longer on the market but was on the market at $240, 695.00 and with 20% and excellent credit you would be looking at payment $878-920 + Taxes and Insurance. If you are looking for a home I would suggest you get APPROVED not just pre-qualified. Let me explain the difference. When you start shopping for a home, most Agents and Builders want you to get pre-qualified, before they spend any time with you. However, being pre-qualified doesn’t mean you are ready to buy. In this market, property is moving faster than ever. So if you are ready to buy, you should get APPROVED by a competent Lender. Approval is similar to having cash in your pocket and this tells the seller you are truly ready to buy. In fact many listing Agents and Builder won’t even look at your offer unless its attached to a real pre-approval with FHA, Fannie Mae, Freddie Mac, VA or USDA Approval.
I am here to help you make the best decision for your family based on sound responsible, knowledgeable financial guidance. I can be reach at 501-717-0403 for further consultation with no obligation.... more
Cathy I am not aware of an investor that would do a purchase lease back on the property. Be prepared as a lot of properties that are investor owned are hard to get approved for a short sale. Ohio is a recourse state and the lender may want to forclose and lein the owners primary residence for the deficiency. I have seen this happen before. A few times I have seen the lender (the current house you are in) forclose their lein on the primary property (The one your landlord lives in).
Good luck and If you want please give me a call I can check if forclosure has been filed at this point.... more
Hi Wc. It sounds to me like you've gotten some amazing advice below, especially from Sunnyview and Fred. They seem to be extremely confident that this is your lenders mistake and the lender has to eat it.
I'd take their advice if I were you.
Scott Miller, Realty Associates, Boca Raton, FL... more