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Foreclosure in Bedford Park : Real Estate Advice

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Activity 2
Fri Jul 29, 2011
Daniel answered:
Your going about it all wrong,

regardless who ownes the property, bank or private individual, you must first qualify for a home loan

First thing to do is to call your favorite mortgage company anf get qualified

you need,

2 yrs employment history,

the income necessary to pay the note

not too many bebts/collections

a credit score of at least 580 for FHA, and 3.5% cash down, and 4% cash to close the loan

good luck
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