Financing and Credit

Has anyone tried a credit builder program?
Did it work for you guys?
Is it worth it?
Can someone PM me the ones that work or that you recommend?

I recently (07/09) filed bankruptcy due to medical bills. is there any way for me to finance real estate?

My lawyer came to me about a deal I might be interested in. A client of his has a property that they want in my area that is a foreclosed property. It's selling for 69k with a market value of 168k. The client's credit is bad due to medical illness and does not have a job because of the illness and has 5 more months of unemployment. She's leaving her previous home because a development company bought multiple homes and her home is one of them. They agreed to give them 30k towards the foreclosed home if they found their own financing. That's when my lawyer approached me.

Today I went to Narragansett to look at a beach house. House is about 1400 sq. End of a cul-de-sac. Ocean view. House needs total rehab. Husband died and never finished building the inside of the house. Half of the house is finished. Half is bran new construction. House will cost about 100k for rehab. House is on the market for 399k. House is assessed at 630k presently. Houses in the area sell about 700k to 800k. The house has been on the market about a week. There are 3 offers. I would like to offer 350k cash no inspections or apprasials. Close in a week. 100k rehab brings me to 450k.

Hello everyone!

Does anyone know who does short sale funding that is not transactional?

Thanks

Hello Everyone,

I want to know if you can help me i live in arkansas and i now own a property in michican, i was wanting to apply for a loan to fix the property up in michigan but don't really know where to begin do i apply at my local bank? or do i try to get the loan in michigan?

Thanks
shamica

Hello everyone,

I need your help and opinion on this. I'm looking for some financing for a rental property without having to come up with 20% down. I talked to one of my mortgage brokers, who also does HML. He said that he has the perfect situation for me. He said that hard money is getting harder to get and some of his hard money have started to dabble in another thing. This is what he told me they are doing.

Hey all!

Quick question.... Can a realtor do a subject-to to the person in foreclosure? I'm looking for a realtor that will do that and assignments.

Thanks

This is a great financing option for your retail buyers that requires no down payment, read on --

A USDA Guaranteed Loan is a Government insured 100% purchase loan. These Loans are only offered in rural area's and serviced by direct lenders that meet federal guidelines.

Home loan guidelines
Sometimes good credit and a steady income are not enough to qualify for a home loan at a commercial lending institution, such as a bank, savings and loan or mortgage company.

One recommendation that I often make is to open an escrow account whenever you do a seller financed or lease option deal. Why?