i don't have the 5% down and plan on using the Nehemiah program. thanks for answering !! - Wed Jun 4 2008, 18:26
Thanks Irina and everyone else for the information !!! - Sun May 18 2008, 11:36
Thanks Shel-lee & Don !!!
I was told I'd need a co-signer even with FHA and using the Nehemiah program for a loan amt of 340k. - Sat May 17 2008, 16:25
Unfortunately, the homes that I've looked at in my budget all happened to be REO's or short sales. Are there any down payment assistance programs I could use? I saw an REO i'd love to make an offer on but without downpayment assistance, I'd be out of luck. - Fri May 2 2008, 19:43
I made an offer on a short sale in December. I received a counter offer and accepted the counter. I waited
until March for the bank to approve and then my realtor called me and said the seller's realtor said they'd have an answer the next day - it turned out that the seller's realtor was still taking offers since it wasn't considered an "accepted offer" until the bank approved it. I lost the house to, i guess, a higher offer which was submitted in the meantime, after waiting 3 months. I agree - make sure your realtor is experienced and make sure the paperwork indicates they are taking multiple offers - my paperwork didn't express that but they took others anyway. - Tue Mar 25 2008, 19:12
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.