Just think about it. If your home is in pre-foreclosure and you know s ... more
Second stop is a REAL ESTA ... more
FHA has different loan limits.
PMI is less on FHA than Conventional for the ... more
Assumable mortgages are pretty much limited to VA type loans, and even they require requalication these days. Not having a FICO is not a show stopper. I suggest that if you ... more
In recent years, there have been very few mortgages written that could be assumed. These days, a VA loan can be assumed, however, until very recently VA loans weren't being ... more
The most likely pitfall is that the reason many people are loosing their homes in the Phoenix area is not because they've lost a job ... it's because their adjustable rate mortga ... more
Your idea is a great one and sounds like a win win for everyone.
Now the big BUT ...
1) Your mortgage and the mortgage of the short sale most likely have a "Due on Sale" ... more
So far your plan sounds good. Some buyer agents, such as myself are very active in scouting out and approaching current owners on our buyers behalf. Another thing you could do - ... more
Lenders these days want to see buyers with good credit.
For the most part, the better the credit, the better the loan terms and interest rate.
Whether you are a first ti ... more
Most residential mortgages have a due-on-sale clause and the title transfer wil ... more
You get what you pay for and you'll either do most of the work yourself or you are correct, they will not aggressively mar ... more