Jump to content

Sign in to follow this  
rcm256

Need Help

Recommended Posts

Hi,

 

I wanted to ask for help from any mortgage professional who can possibly help me. I have owned 2 houses in the past, then got into arrears with the last one. We moved to a different state and currently rent for $2,000 a month. I look around and everyone is paying less than I am and they own. What's worse is that I see so many opportunities to purchase a house below the current market for instant equity. Many, many opportunities for these homes. We have some money saved, but we have bad credit (BK in 2016). I have no credit cards and have no debt. I am also self employed, but we have a good income. I need help to explore any options that may be available for us. If you can help please let me know.

Share this post


Link to post
Share on other sites

Welcome to Crediboards!

We hope that you find what you're looking for here.

Some helpful tips:

  • Your post may not get a reply right away. Don't be discouraged, this is a very busy board. If it falls off of the first page, feel free to reply to your post yourself, with the word *bump* in the text. This will *bump* your post back up to the top of the board.
  • If you haven't yet, take a peek at out Newbies Section. Everything that you need to know is in that forum, for the most part. It's a lot of reading, we know, but this credit stuff can have a steep learning curve. In no time, you'll be posting like the pros!
  • If you find that someone is discourteous to you, use the REPORT button at the top right of every post - that will ensure that a moderator or admin looks at the post and decides if it is against the TOS.
  • Off -topic posts should go in the General Forum.

 

Again, welcome to the CreditBoards family!

CB Admin: LKH, Pam, radi8, :angel:breeze:angel: & MarvBear

 

Share this post


Link to post
Share on other sites
57 minutes ago, rcm256 said:

Hi,

 

I wanted to ask for help from any mortgage professional who can possibly help me. I have owned 2 houses in the past, then got into arrears with the last one. We moved to a different state and currently rent for $2,000 a month. I look around and everyone is paying less than I am and they own. What's worse is that I see so many opportunities to purchase a house below the current market for instant equity. Many, many opportunities for these homes. We have some money saved, but we have bad credit (BK in 2016). I have no credit cards and have no debt. I am also self employed, but we have a good income. I need help to explore any options that may be available for us. If you can help please let me know.

Sorry I can't answer your mortgage questions, but this perception concerns me a lot... because I don't want to see you get screwed on the purchase itself.

 

Market price is what a reasonable, qualified person is willing to pay on an arm's-length transaction.  If houses are  moving slowly and selling at substantial discounts over recent comparable sales, something is wrong and I would stick with renting.

 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Today's Birthdays

  • Member Statistics

    • Total Members
      176,543
    • Most Online
      1,528

    Newest Member
    Mizzwfd
    Joined

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×
×
  • Create New...

Important Information

Guidelines