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South East : Real Estate Advice

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Sat Jul 4, 2009
Dot Chance answered:
Olive, I have to disagree with the answer below. Leases with an option can be very good. You need a Realtor with experience in lease options.

There are some companies that offer these that are unscrupulous. Talk to Realtors in your area and ask them if they have experience or knowledge in these type of transactions. ... more
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Sat Jul 4, 2009
Hannah Fliegel answered:
Hi Olive,

Through credit repair your friend might be able to get a loan in 6 months. Typically a borrower would have to wait 24 months to get a loan from an institutional bank. However, there is seller financing or Self Directed IRA private mortgages. The most efficient way is to begin with credit repair and see if the foreclosure will come off the credit report. Then there will be no problem at all. Take care! ... more
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