There is no address or link to any property, please go back to the ad you saw, click on the profile for the listing agent and contact them direct. you can also get a buyer broker who can show you the home and guide you through the buying process.... more
If you can qualify for the loan with just the $20,000 you have now, I'd get the letter and start looking. You can always up the down payment when you get the cash from your in-laws. However, a bank will not consider money you don't yet have as part of the qualification process. Good luck to you!... more
Hi Robberroo, sounds like a structure that you can rebuild down the road when it is time to sell. You love it, and it suits you. I say do what you need to do for it to work for your family, with the knowledge that when you go to sell, adding that garage back again may make sense to sell it.
Unwavering Commitment to Service... more
More information will be needed. Are you trying to buy off the remainder of a loan on your own home? If so, you need to speak with your lender before you try to do this - many banks do not allow customers to finalize a loan before the end of the terms. Others charge high fees to pay off a loan early.
Are you trying to "buy out" the remainder of another person's loan? Is this through the homeowner or a bank? If it is through a bank, keep in mind that banks usually look for fair market value when selling a home - this number may be more or less than what is owed on a property.
If you want to discuss this further, you can reach me at directly at 203-815-9118. I'm a full time agent in the area and help many people buy and sell homes.
Scott Silverstone, Page Taft Real Estate
203-815-9118 - CTProperty.com... more
You would have to contact local or state housing authorities in your area. In NJ, we have a state program that goes down to 500 credit scores. Many other states have such programs as well.
Based on the information you provided, it sounds like you are a good candidate for such programs. Generally, when someone has a low credit score, there are judgements and collections that need to be paid off and the borrower isn't willing to do so. In your case, you have taken the first steps in the right direction.
Your score is awfully close to 620, and it is very possible that by just continuing to pay your bills on time you will be there within a month or two.
Your score will also increase if you pay down your revolving accounts as much as possible. The lower the percentage of your maximum available credit you have outstanding the better.
Hope this was helpful.
Good luck.... more
There sure is... The problem is finding them!! Of course the ones who are able to do it, may not have a house you like... It is a tricky situation to pull off, to find a house you like and the seller is able to take back the note.. Even so the seller may be hesitant to take back the note if you don't have a reportable income stream...... more
Foreclosures are never available for this as the banks want to get the properties off their hands--they do not want to be in the landlord business. however,a local agent could find you such properties on the MLS. Contact a realtor.... more
Are you listed with an agent? Are you signed with an agent to look at houses to buy? I have a great mortgage consultant to put you in contact with. Do you mind giving me your information and I will forward it to her?
Yes there is. There are programs in CT for first time buyers that include multi family homes. Talk to a mortgage broker to find out if you qualify. If you have good income and good credit, you should. If you don't have a mortgage broker yet, I would be happy to recommend someone that I have use and has always done great for my clients.
I would also love the opportunity to assist you in finding the property that is right for you. As an investor in multi family's myself, as well as having assisted clients buying and selling them, I could guide you through the process.... more