Okay, hope that helps. Good luck!
There is not enough information to know weather or not an investor would be willing to purchase the home, it is all about the numbers, the price of the home, the amount that the investor would have to be put down and the monthly payments. With that information there might be an investor who would be willing to work with you. Contact me and we can discuss it more. You can e-mail me or call.
But you do need to work on your credit. If there are collections contact the people and see if you can negotiate what is owed and pay them off. Pay your credit cards on time, always pay more than just the minimum even if it is only $1.00 and if possible make a second payment on each card each month, it will help to drive your credit up. One last item is to make sure you only use 1/3 of your credit limit on each card.
If you were to close on the house before Jan 2009 you will need to have 3% of the sales price and 2 months payment reserves. If you or your husband have a 401k it can be liquidated with no penalty for your new home purchase to provide the 3% downpayment and the evidence of 2 months of the new mortgage payment as reserves. Also a gift can be provided from a family member.
Review my profile and if I can be of any assistance my email is there.
Just happend to check this out and figured I answer ...you can reach me on my cell for further questions.
I am so sorry about what you are goinf through. Well, My husband and I are going through the same thing right now! I wanted to ask, didnt you get a cash for keys deal and they said you will have to be out within a month? Have they gave you guys the notice to quit? The notice to quit gives you 60 days to move. We are looking for a home now( 8 0ffers later) we are still waiting to find a home. My husband doenst have such a great credit score and has had a foreclosure in his past history and we were approved with no problem. I would say thry lending tree, they are legite and I am sure u will be approved by a lender but will have to pay higher APR. Going through all this is sooooooooooo stressful, I think they should make a law that will fine the owners who scammed us out of our money! Well I wish you guys all the best of luck.