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Home Buying in 07503 : Real Estate Advice

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Mon Jan 12, 2015
answered:
You should contact your Wells Fargo Loan Officer. The type of property (Single Family, Multi Unit, Condo). Also, the loan amount will come into play. If you would like a quote for a comparision. Please contact me at 609-504-7010. I am a licensed NJ & PA Banker. I have 16 years lendign expience. I just settled a Denville purchase in December ad you will find we do a good job.

gferris@alliedmg.com
NMLS 189104
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Wed Jun 24, 2009
Joe Aponte answered:
Hi,
It depends which lens you are looking through. It is definitely the time to buy and there are many programs to help you do just that.

You say it has been 7 years with old credit scores? First of all, it would be better to go online and get one of those free credit reports (you are entitled to 1 free a year) and review what they are saying about you. You may want to make a list of what is true and and what is not. Then for those that are not true, you can write to the reporting agency and make your case. If you are correct, they have to remove it and they will. As for the ones that are true, I would review how long it has been since this has been on the report. I know that there is a statute that allows creditors to try and collect bad debt within a stipulated period of time, and if it passing this time period they cannot do anything about it. In otherwords, if this has been on for 7 years or more, there is a good chance they will take that off as well. I am not an attorney, but I would seek a short consultation and find out what the law says. It is better for you to be hands on in cleaning your own credit. After you have done all that you could, then seek help by going to a reputable finance officer regarding the remainder of the issues and tell them that you are thinking about purchasing a home. ... more
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