We have mortgage programs available that only require a 580 credit score and 3,5% down payment. You can even roll closing costs into the loan using a sellers concession. If your score is higher you may be eligible for a program with no money down.
We can lend nationwide.
If you have any questions or would like help with this you are welcome to contact me.... more
In order for a trustee to sell a property in a trust, they need to supply the title and escrow companies a copy of the trust and an original death certificate of the person(s) originating the trust. The title company will determine rather or not they can transfer title of the property and issue a title insurance policy. If they cannot, the property may have to go through probate to be sold. You mentioned that the trust was terminated. It is hard to say what impact this will have on the process.
Good luck,... more
No one can tell you whether it's the right time to buy or not. Everyone is different and the housing market, just the like to stock market, fluctuates. You can work with a local realtor and ask for past performance in a specific area. Still that doesn't guarantee the future.... more
What's the reason they backed out? Is it because of their financing? I would suggest that you discuss this with your realtor as every state has different rules. You may also want to read your contract again.... more