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Home Buying in Philadelphia County : Real Estate Advice

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  • Local Info20
  • Home Buying89
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Activity 2,103
Thu Feb 23, 2017
T B asked:
Seems to me that it is a seller's market. Will home values continue to rise? I guess that is dependent on where government policies take the economy. I just got out of the service and want…
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Thu Feb 23, 2017
Thomas Martin answered:

Purchase a GEORGIA home 12 months after a chapter 13 Bankruptcy
Purchase a GEORGIA 24 months after a chapter 7 Bankruptcy.
FHA will allow a FHA mortgage 3 years after a Foreclosure.
Minimum FICO credit score of 580 required for 96.5% financing.
Bad credit GEORGIA FHA mortgage approvals minimum FICO credit score of 530 required for 90 FHA financing.
No Credit Score GEORGIA mortgage loans & No Trade Line Florida FHA home loans.
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Wed Feb 8, 2017
Ally answered:
Rent to own is going to be a deal you work out with an individual seller. However, your credit score is good enough to buy a home of your own. FHA loans require a 580 credit score and just 3.5% down. If you're a Veteran VA loans require a 580 score too but no down payment is needed.

I'd contact The Lenders Network, they will help you find a lender that works with low scores.

Good luck!
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Thu Feb 2, 2017
Jschech answered:
My brother in law said you are a really good lawyer. Do you take on criminal cases
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Tue Jan 31, 2017
Kellypat26 asked:
I am moving to a suburban area and want to buy a house instead of renting because of the outrageous rental prices. I was wanting buy a 3 bedroom house with a basement and rent out 2 of the…
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Thu Jan 26, 2017
Muhammadhanann asked:
Tue Jan 3, 2017
jaja asked:
Sat Dec 31, 2016
Eibradley answered:
Anywhere in the mid-west: MI (Wayne County) Ohio, PA, WI, TN, IL,
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Sat Dec 17, 2016
Kathy Burgreen answered:
If the liens are tax related, they never expire. If there are mechanics liens, they can expire depending on state or local laws.
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Thu Dec 8, 2016
Winn Stelzer answered:
Hello F_ieudy,
It would seem that you have been watching too many "1-800 Gurus".
I have been an active Real Estate Investor since 1972 when I was 18 y.o. attending the Georgia Tech School of Architecture.
While my first property deal was "ZERO" down, the property was uninhabitable at the Close.
NO MONEY DOWN is a misnomer.
My Mentor was the Seller of that first (1st) property and he FINANCED the entire transaction; all-the-while teaching me things that are now "hawked" on the Web/800's as "secrets" to become wealthy.
Those Web/800's spots are designed to pry your cash away from your control and tease you into the belief that you can be successful without "much effort".
Education is the first (1st) step to getting out of your financial rut.
Being able to recognize opportunity will open your mind and start asking "what can I do to overcome the lack of cash in-hand"?
While you may not have any money to put down, that does not mean you cannot ask a "MOTIVATED Seller" to allow you to "take over" a mortgage.
You may get lucky.
That said, I would suggest that you take stock of "WHY" you do not have much money to put down..!!!!
Do you have a written budget?
If you do not have one, WHY NOT?
Want to further this discussion?
Get back to me,
Winn Stelzer, Trustee/Mentor
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