our credit score is still acceptable! The lowest credit scores lenders like myself are able to do, is a score of 580. So us lenders would be able to give you a loan if your other finances are in place. It's also important to understand that you're ability to obtain a loan relies on other factors as well. These factors include income, expenses, assets, liabilities, debt, employment, down payment, as well as credit scores. Either way, I suggest you speak with a lender like myself who would be glad to speak with you to help you get the loan that you need. If you have any further questions or if you would like a loan, feel free to contact me. Good Luck! Brian Nguyen Sr. Mortgage Banker NMLS # 659743 Phone: 949.667.2887 email@example.com... more
Hello all! Quick update..the seller has decided we have wasted her time and will not extend contract for a third (or is it fourth, i've lost track) time. We are on speaking terms with her and she says her husband has decided not to sell right now.
The broker has told us she found a new investor who will approve us up to $90k with a credit letter of explanation. We are hoping to convince the seller to renew the contract. Has anyone ever been successful with this? Thoughts on the rest? Thanks again.... more
You must have a well thought out reason for wanting to sell them as a package. What is that? Is it due to timing? Are you in a financial bind and need to sell quickly? Or do you feel that you would get the most advantageous arrangement with the brokerage by selling three properties at one time?
Check with some local agents or Realtors. You know there is a distinction between the two. To sell your properties with the greatest impact, ask them to provide information about which companies have represented the most buyers in the last twelve months. The statistics are available through the Board of Realtors for your area. These companies are proactive about seeking out and securing buyers thus providing their agents with more ways to market their listings.
We tend to sell in house (38 %) because we spend so much time in training classes and meeting together. We get to know and trust each other that way. There are over 300 full time Realtors in our company so being a team is vital to our business as well as yours.
I would be honored to help through Cartus, our relocation network. I love doing referrals because I get to select from the best of the best in representation for my clients. We have very high standards when choosing an agent to refer your business to. Please call or email me for further information.
Enjoy your weekend,
Coldwell Banker Heritage Realtors
Centerville, Oh 45458
I am a mortgage banker/broker, but work with a lot of investors that do owner financing in the Austin, Tx area. While you truely will get better rates from an FHA/ VA / USDA (USDA still provides 100% financing) loans (especially compared to owner financing); however the investors serve a valuable function in our market currently providing homes and financing to people who just do not qualify. If you have tried to qualify and feel this is you then...
There is a lot of research that you need to know about, but much will depend on the person finacing the loan and how they are doing the financing. Many investors are currently doing wraps also know as subject tos and also known as "deed in lieu there of". This means that they have taken over the existing financing from the original owner and act as the "bank"r to the new buyer who has a fully excuted deed, while they carry the deed of Trust.
Advantages: You really don't have to have much if anything down (down payment or buyer fee can be financed), they close quickly, and there is not much concern about credit. They will also have all the necessary paperwork for you to fill out.
Disadvantages: You have to make sure this person is reputable and will live up to their responsibilities or your investment into the property will be in jeapordy.
Finally, if this isn't an investor, but just a person who is trying to sell their current residence, then you need to make sure the paperwork-Deed and Deed of Trus- (typically from real estate attorney) is mutually agreed by you and the seller, and yes I would have an attorney review.
Please let me know if I can be of further assistance---(512) 633-4393... more