Asked by Anna Bou, Howard Beach, NY • Thu Jun 28, 2012
my parents recently inheritted my grandmothers home that they have been renting for years. The problem is as renters they never had to deal with big bills like the taxes and insurance. They are now realizing with my mom out of work and having a difficult time find a job that they might not be able to afford it. My question is what kind of loan programs are out there if my fiance and i wanted to buy the house from them, mind you this house needs major renovations. We are getting married in december and really wouldn't do anything until after the wedding and we would also be first time home buyers.
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