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Credit Score in Greenville : Real Estate Advice

  • All306
  • Local Info44
  • Home Buying81
  • Home Selling6
  • Market Conditions18

Activity 4
Fri Dec 9, 2016
Niki Davis answered:
My first question would be... where did you get your numbers? When you pull your own credit report, whether it's a free one, or one you paid to access, you're not getting the report that a lender would get. The scores can vary. My answer will ALWAYS be to have a lender pull it and advise you personally on what to do in your particular situation. In addition to the scores maybe not being what you think they are, I've seen buyers with very high 700s range scores unable to buy because of WHAT is on their report, or because their debt-to-income ratios were all wrong. Call a reputable lender and get advice tailored to fit you. If you need a recommendation, contact me through my profile. I would be happy to pass on some contact information for local lenders. ... more
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Mon Aug 15, 2016
Jeri Patrick answered:
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Mon Sep 15, 2014
Dan Tabit answered:
Jan,
I'm not clear to what you're asking but I'll try anyway. If you own a home and owe more than it's worth you can rent it for whatever amount you can get someone to pay, that is up to you. To sell a home, you must be able to clear the mortgage either with the proceeds of the sale or the proceeds plus cash out of your pocket.
If you can't cover the debt and need to sell, you can do a short sale. This process takes months and the home must be listed for sale with an agent and available for the full market. You can't sell it to a friend or relative with a pre-arrangement or you will violate the terms they will demand in order to release the title.
If you are in a rent to own scenario where the purchase price is below what is owed, you are in a bad arrangement that will likely never come together. These are typically terrible deals for the buyer and should be avoided.
If I haven't addressed your issues, please ask again and provide more information. Best of luck.
... more
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Sat Aug 20, 2011
James Ryan answered:
Cpearson,

You should be talking to your lender, and perhaps your divorce attorney. It sounds as if you got halfway down the right path having the divorce decree state your husband had to "get the house out of my name". However, the second half was actually getting it out of your name. Until it is, you are still expected to pay the mortgage on time, and the lates will continue to impact your credit scores.
With one 30 day late, there is still a chance, with 60, 90, or 120 day lates in the last 12 months, it is unlikely you will qualify for any mortgage, including conventional.
I wish I had better news, good luck, Jim.
... more
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Credit Score in Greenville Zip Codes

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