Andrew Paul

There are some great programs for LE and you can do 100% Financing.

Perhaps you'd like to see a Rent vs Buy comparison?

You have to consider the tax benefits of home ownership- you might be surprised at what you can get.

Feel free to contact me for a free consultation.
All the best,

Andrew - Wed Aug 6 2008, 11:34

Hi!
there are tons of bargains out there! One major obstacle however will be your bankruptcy. How long ago was it actually discharged? What type of bankruptcy was it? All this makes a difference.
The savings will help you qualify for sure- you could use it towards a downpayment, but I'd like to see you keep some for a rainy day rather than put it all down on the house.
I have the abilility to legally remove bankruptcies from your credit- it's not cheap, but the attorney I work with is doing some amazing things right now.

If you need an advisor, please don't hesitate to get a hold of me.

Andrew Paul, CMPS
619 941 3000 - Thu Jun 5 2008, 17:20

Hi Scott,
sorry to hear about your situation. Based on what you've said, it sounds like you definately have a case. Most CA RE transactions specify arbitration as that will result in the least cost to both parties to settle the dispute.
Small claims court is definately the fastest way to get this resolved and you can pursue another home in the mean time. By the way, you should also contact the escrow office to ensure you will be getting back any good faith funds you may have put down.
A little tactic you can use, which usually works better when money is tied up in escrow, is to keep the property IN ESCROW, until the matter is resolved. Once a property is in escrow, it can't go into another escrow until it has been released. Basically you can tie up the property in escrow and prevent the seller from selling to anyone else until the matter is resolved. However, it sounds like they're going to rent it out.

Bottom Line: There are MANY MANY fantastic properties in San Diego right now that you can pick up at a great discount. I'd file in small claims court- you can use Legal Zoom http://(www.legalzoom.com) as an inexpensive legal service for this- and just move on to another property!

Best of luck,

Andrew Paul, CMPS
Superior Mortgage - Wed Jun 4 2008, 21:08