In order to own a foreclosed home your husband will still have to go through the regular loan process. He will need to have good credit.I need advice on how to own a foreclosure home when my husband have bad credit and the only one working?
You can look into a lease purchase. This will let you have a home of your own without the credit problems. Good LuckI need advice on how to own a foreclosure home when my husband have bad credit and the only one working?
There is VERY little difference between buying a foreclosure home and buying a privately owned home. The bottom line is that you are still going to have to qualify for a mortgage, which from the little information posted here, does not sound as if that is going to happen.
There are a ton of scams going out there that you can just take over payments or whatever, they are scams. Period.
There are too many variables to be considered in order to answer.
Your best course of action is to contact a Mortgage Broker in your area and submit an application and go from there. After they gather all the info they need, they will let you know where you stand. (i.e. if you will need money down, what you qualify for, etc.) It's also a good idea to get a couple of opinions.
Also, if your a first time home buyer, there are many programs available out there that can help you.
Good luck!
keep renting and tell hubby to get a couple jobs so he can pay his bills
No comments:
Post a Comment