Thanks for your question. As long as you can demonstrate some employment history and steady income you should be able to explain your situation. I suggest calling a handful of places that your interested in and explaining to them the situation. You just might be surprised, and if they say no, at least you know.
There are 158 acres on Casci East of Nevada City up Hwy. 20, listed for $995K, has a home on it as well as a 28'x32' 2 story metal building. A paradise waiting with privacy, quiet and room to move. Interested, call Steve Evans @ 530-613-6328... more
In this area, it can be difficult Bob. You'll want to start looking as soon as you have a place in escrow. Insurance companies can only insure a certain amount of properties in any one area at a time. They don't want to be caught "overexposed" in case there is a large catastrophe, like a major wild fire that wipes out a hundreds of homes in one event. So one month, Farmers, for example won't be able to write you and State Farm can. The next month it's just the opposite. Good Luck;... more
Palisades Property Management, John Curtis, has always worked well for my clients on both sides of the rental coin. You might want to try him, he is very nice and returns calls and emails promptly:
I love this area! Yes, like every place, there are some area's that I would discourage you from moving to. I am a volunteer sheriff and on the search and rescue team, so I really have a good feel for our county. We have all price ranges so you can have a change to different type of living. You can have arceage and have horse and be like "ol MacDonald" or you can be in town where the activity is where there are plays, restrauants and art functions etc going on. We have land, if you are interested in grapes or growing gardens. The living here is a easy going, kick back type with people that care about one another. We have so many volunteer programs here to help one another so if you are retireing, you will never be bored.
Sorry for your loss.
Yes, a 1099 will be issued but sometimes it takes awhile for the banks to issue it. Usually it is issued within 3 -6 months after the sale ( when the banks has sold the home to a new home buyer ) of the property.
Harold Sharpe - Broker
So Cal Homes Realty
California Department of Real Estate Broker License # 01312992... more
Paula - Great idea in this market that is flooded with foreclosures -- and I DO mean flooded. Go to http://hotpads.com/ to see foreclosures alongside the regular sales in Grass Valley and anywhere else in the US. You will will shocked at the number.
If you can pay a rent that is the equivalent of the home owner's mortgage payment/prop taxes/insurance, then many sellers would have a HUGE incentive to offer you a rent-to-own option.
Good luck! The country needs more folks who are willing to actually pay for their housing.... more
To bad you let it slip into foreclosure. The American way, don't pay your mort for 2 years, take rent on it for another, then whine about it when you lost it. It is NOT SOLD< BUT FORECLOSED! Loser... more
Check out the making home affordable.gov website for information on the Federal government's mandated HAFA program, or to see the newly released guidelines for Freddie Mac and Fannie Mae originated loans. This will help you know what questions to ask Realtors you interview to sell your home. Also an SFR certified realtor is important to the ultimate success in short selling. Good luck with the process and feel free to contact me directly with specific questions with no committment.
The only thing that is keeping mortgage rates low today is the troubles in europe. As the piigs Portugal, Ireland, Italy,Greece, and Spain had serious financial woes people fled to perceived quality. That brought money here and it is that aspect keeping interest rates low. When I gave my reply below a few months ago I was unaware of the economic turmoil brewing in europe that not only could, but did create a major change in asset allocation among those with money.... more
Paul - For the person borrowing money it would certainly seem wise to buy a house with interest rates at an all-time low. With Market Conditions in most areas being what they are this would seem to make buying a better idea yet. For those who can still qualify for the stimulus funds it could make it even better. Many people will wait for better conditions and may wonder why they did. Certainly hindsight is 20/20.... more