A personal letter is never a bad idea, and the chances of "moving" the Seller are 50/50. Since you feel you need an explanation, it can only help! What to write??? None of us have seen the property or your bid, so that information should come from your agent.... more
I'm not totally sure whether or not worker's comp would be considered income. For all intents and purposes, it does qualify as an income in some regards. However, when you try to count it as something that you're working to earn, that definition might break down. I think that it depends on the context.
I would need more information ...
Can you tell me what town your are interested in?
Feel free to call me directly to discuss your rental needs.
Eryen LaLonde realtor
i only want houses that are ready to move in and that will pass inspection thank you my buying range is 150,000 to 170,000 3 or 4 bedrooms with 2 or more baths, and a finished basement in a nice area give me a call 203-407-9623 my name is phoenix thank you... more
Call Joann Pulisciano of Rockville Bank in Hamden and tell her that I referred you please. I have a couple of nice pieces of land in mind. Building a new house is great to do at least once in your life.... more
Looks like you have numerous choices to chose from on this site! Take a god look you has listings and sales experience and then interview the top three to get the best agent to work with!
best of luck to you.... You are in good hands!... more
I have a couple of suggestions. First, if â€œrebuildingâ€ means you are disputing accurate information in your credit file I wouldnâ€™t advertise the fact. Disputes are fraudulent if the information is accurate, but yet some credit repair exerts still do this on behalf of individuals with credit issues. It doesnâ€™t matter if they did it on your behalf, in fact may look worse paying someone to do it. Second, working around the system that is in place to protect you may not be a good move. I would fix the problems first then buy a home.
Finally, rent to own isnâ€™t buying a home, it is leasing, and at a much higher cost in almost every case. Usually it is about a landlord that is cashing in on the optimism of someone that is having a tough time. I spoke to a closing attorney this morning on this very subject. He said he has written up hundreds of these puppies over the years and estimates that less than 3% ever worked out for the buyer. That means 97% of the â€œbuyersâ€ lost money. Of the people I have known that tried this I think the failure rate is closer to 99.99%. One month I keep a running total of how much people told me they lost doing this and it was over $250,000. That was just in 20 working days! AND only one loan officer chatting with people inquiring about getting approved for a loan.
I have never spoken to anyone that is trying to do one of these that understood what will happen when it comes time to pay off the seller. The mortgage underwriter is going to follow the mortgage guidelines - NOT the contract between the tenant and the landlord. Why would anyone throw away their hard earned money without investigating what happens when it comes time to pay off the seller? No idea, but I promise, someone will read this, think I donâ€™t know what I am talking about and toss away their money just because they think it will work out somehow. Good luck,
NMLS # 6395
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. This answer is my personal opinion, has not been reviewed or approved by the company I work for. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.... more
The thing that would need the most help is the credit score. There may be some lenders out there that can work with those credit scores. For example, the average credit score minimum for some loans are about 620, but some lenders can go as low as 580 and some want credit scores as 680. You sometimes just have to shop around and see what you can get. Although, I would suggest to try to increase their credit scores because it will only be to their future benefit. The most effective way to fixing a credit score is to pay your revolving credit card balance. If there is a collection on your credit there isn't much that can be done in the short run. It is best to pay back any collections as soon as possible. So as time goes on the collection will become more insignificant to your credit score and will help it return to a better score.
Well I hope this helps. If you found this comment helpful, feel free to leave me a recommendation on my profile page.
Sr. Mortgage Banker
NMLS # 659743
First congratulations at becoming a home owner landlord, it has its shares of ups and downs. To better help you negotiate the pitfalls of being a landlord I would suggest you familiarize yourself with HUDS fair housing rules. http://portal.hud.gov/hudportal/HUD?src=/program_offices/fair_housing_equal_opp
In reference to your original question you can start at the New Haven Housing Authority office and list your apartment on the housing list of available rental properties in the city.
New Haven Housing Authority
360 Orange St New Haven, CT 06511
(203) 498-8800... more