Home Buying in Bronx>Question Details

Raymond, Home Buyer in Bronx, NY

I posted before but not sure it went thru.. I am interested n a lease option arrangement with a 2BR condo owne

Asked by Raymond, Bronx, NY Thu Apr 30, 2009

in the NYC area..preferably the Bronx.

I don't qualify for a bank loan but I would qualify for FHA programs except that the ones I qualify for have been suspended because of the economic downturn.

I have a family of 3 and we have to move out of the 1BR co-op we are in because the owner wants to sell to his daughter.. I make $45,000, have a stable job history and good job in a field that is unaffected by the bad economy.

Do you think lease option is the way to go? Any advice for areas to seek out sellers?
We need to leave relatively soon so any help is appreciated.. Thanks

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