buying forclosures
Related Questions & Answers
9 articles
Buying a House
Asked by A.M. from Sacramento
on February 15, 2011
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Hi, mamas! This is the first time I've asked a question, so here it is - I would like to buy a house someday, but I don't know where to start! I am paying a lot for ...
Answers
- I think you and hubbie need to sit down and do a detailed budget first. See what you bring home every month and what you can really afford in a house payment- not wha...
- One of the biggest factors in deciding to whether to buy a house or not is can you afford it? Since you don't know about your credit, start by getting your free a...
- The best thing to start is to request copies of your credit reports. Get your financial ducks in a row and pay off any & all debt so you know what you've got to wor...
Foreclosures Homes
Asked by S.J. from Tampa
on July 4, 2008
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hi guys,
i heard a commercial on the radio about a companie that has foreclosures homes for sales and it's easy to be qualified. they can get you qualified with no ...
Answers
- Just make sure you do your research on the foreclosed home market. My hubby and I were looking into buying one as a second home to either rent or use when our family ...
- there is a great program called first time byers program, you can get into a home, new or used, with as little as $00.00 to $1,000.00. all the real estate agents know...
- Too good to be true, usually is just that. You don't want to jeopardize your credit on a scam. Many of the banks have listed Bank Owned homes on their individual web...
Purchasing a Short Sale or Foreclosed Home
Asked by R.W. from Salt Lake City
on March 4, 2011
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Hi, we are looking at purchasing a home and am seeing tons of short sales and foreclosures in our area at AMAZING prices. We are prepared to put 20% down on a home in...
Answers
- I have limited experience with each, but my experience with foreclosures is that a lot of times the people remain squatting for quite some time, neglecting the house a...
- We recently closed (last week) on a short sale. It took 5 MONTHS from our initial offer to close -- and this was not contingent on our selling anything first. Our firs...
- We sold our house on short sale a few years ago. Basically, it's selling it for less than owed, but avoiding foreclosure. I know that we had less "wiggle room" as far ...
Need Real Estate Investing Advice!!
Asked by G.L. from Wichita
on March 7, 2008
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I bought a fixer up property and now I can't find anyone to loan me the money for the repairs so I can sell it. My credit is awful after a divorce, and was hoping thi...
Answers
- My husband has been investing in real estate for almost six years and he could probably help you. I already talked to him about your situation and he would be happy t...
- What county are you in? There are grants in the various counties that are for low income families that'll help them to get the assistance they need to get the things ...
- I agree as the other person said, We have done the same, and got a construction loan on the property. This gave us working capital while we fixed it up, and didn't hav...
Short Sales
Asked by C.M. from Washington DC
on October 26, 2011
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Hi! We are renting a town home and our landlord told us a couple months ago that he will be doing a short sale on the house. We are not able to buy at this time in our...
Answers
- We did a HAFA short sale & it took us almost a year from listing to sale - we listed mid Dec & closed the end of Aug but it could've gone as quickly as 3 months. It a...
- My daughter moved out of her daughter's school district several years ago and my granddaughter is able to still attend the same school. Her mother does have to take h...
- I heard 6 months average, but who knows.
Am I Crazy to Even Think of Leaving of Leaving My Company?
Asked by S.S. from San Francisco
on June 27, 2009
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So moms, I have a dilemma and just need insight. I know this will probably elicit all sorts of responses, but I'm wondering a few things....first, a little background...
Answers
- You and your husband need to sit down and have a really good look at what you want for your family, what you need, and what you can accomplish. If the job you are at ...
- In all honestly, as hard as it is to not be home and as much as I can understand your desire to be home more, I think you really do have a pretty good situation in tha...
- S., It's tough being a mom. I have three of my own. I ended up staying home and doing without for about 3 years. My son was severly asthmatic as an infant up until th...
Tell Me About Your Experience Purchasing a 'Short Sale'
Asked by M.A. from Chicago
on August 21, 2010
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Hi Moms,
Looking for other moms who have purchased or in the process of purchasing a 'short sale' home....tips, advice, experiences? All info is welcomed! We are s...
Answers
- We have had several short sale homes in our neighborhood over the past 3 years now. Each has had constant contracts - but not one has yet to actually close! A couple...
- Hi - I am an attorney and practice real estate law here in Chicago. I've handled many short sales for both buyers and sellers in the past 2 years. The best advice I ...
- We bought a "short sale" home a little bit over a year ago. I wasn't really involved in the process as my agent handled all the details. It did take a long time for ev...
Overwhelmed... Need Some Positive Words...
Asked by R.D. from Richmond
on March 25, 2011
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Things have been unbearably hard, with my fiance being out of work for 5 months (he just started a new job), but we're still so broke and so far behind on bills. Our c...
Answers
- Didnt you here? They finally found something that dose the work of 10 men, A WOMAN! -It will never change, women cant hold there feelings in, and because we bare chil...
- In addition to everyone else's great suggestions, I'll offer you this: When was the last time you and your fiance went out on a date together, sans kids? It's so impo...
- We love you R. d.! :)
Small or Big Home
Asked by S.G. from Cumberland
on October 11, 2011
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We are looking to buy a home. We have 3 young children. Do we buy a small home that isn't so glamorous and would allow us to have a lot of extra money each month so we...
Answers
- I would say go smaller and have more cash on hand. And maybe pay off the house a bit faster say 15 year mortgage rather than 30 year.
- I would chose the house that is in the good school district. A glamorous house is nice - but most people who own those "glamorous" homes end up fighting over money ...
- Obviously there are benefits to either. We bought the big house with a view in the glamorous neighborhood because we were both working and didn't plan to have kids. ...
