Guest guest Posted January 27, 2006 Report Share Posted January 27, 2006 Hey guys, This has been hell week for me. On the way home from my thorasic epidurals Wednesday Tom called me and to me the mail had a surprise. A 90 day notice that we had to find a new house. Seems that the Owners we rent from decided they want to sell the house and feel it would be easier without someone in it. Geeze....Why didn't they just do this from the beginning(9 months ago) rather than ripping us up. We went to see about a mortgage for the house. We are not sure we will qualify because we have little or no down payment, and we filed bankruptcy which won't come off until 2008. The bankruptcy was a result of me losing my employment for 12 months while I was trying to get my disability started after the wreck and the months until my LTD kicked in. We almost lost everything. Anyway, it will take a miracle to get financing. I don't want to move again..... Any ideas? Mel http://hometown.aol.com/mdl1031/ Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 27, 2006 Report Share Posted January 27, 2006 Mel, good luck. I think they are wrong, it is easier to sell a house which is lived in. Marta > Anyway, it will take a miracle to get financing. I don't want to move > again..... Any ideas? > > Mel Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 28, 2006 Report Share Posted January 28, 2006 Mel, This really sucks... So sorry to hear. If you get turned down locally I would try something like Lending Tree... http://www.lendingtree.com/ You can get 4 offers for a mortgage with just one application process...not sure exactly how it works, but we have friends who got a great deal using that site. I do not think the downpayment would be that big of deal.. and the bankruptcy they know if you do not pay they get the house...so not too big of deal either...Your interest rate would be based on your credit score...and when you tell a mortgage company what happened and since it is medically related you can probably find one who will work with you. Keep us updated girl ! Ginger <>< > > Hey guys, > This has been hell week for me. On the way home from my thorasic > epidurals Wednesday Tom called me and to me the mail had a surprise. A 90 day notice > that we had to find a new house. Seems that the Owners we rent from decided > they want to sell the house and feel it would be easier without someone in > it. Geeze....Why didn't they just do this from the beginning(9 months ago) > rather than ripping us up. > We went to see about a mortgage for the house. We are not sure we will > qualify because we have little or no down payment, and we filed bankruptcy > which won't come off until 2008. The bankruptcy was a result of me losing my > employment for 12 months while I was trying to get my disability started after > the wreck and the months until my LTD kicked in. We almost lost everything. > Anyway, it will take a miracle to get financing. I don't want to move > again..... Any ideas? > > Mel > http://hometown.aol.com/mdl1031/ > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted January 29, 2006 Report Share Posted January 29, 2006 Hi, Mel: In the 90s, I worked for 8 years as a real estate appraiser and my specialty was appraising " affordable " or " first-time homebuyers " properties. Here in New Mexico, there are dozens of varieties of " low-cost " mortgages - so I would imagine that Alabama has them too. They usually include very low down payments and/or a decrease in interest rates. I would call your local bank mortage department and find out who in your area offers mortgages in this specialty - because only a few lenders do. Here in Santa Fe, we have 2 different non-profit organizations that facilitate the mortgages, or refer to the correct lenders. So, look/call around, it's worth checking. Good luck, Melinda in NM ************************************************************ > > Hey guys, > This has been hell week for me. On the way home from my thorasic > epidurals Wednesday Tom called me and to me the mail had a surprise. A 90 day notice > that we had to find a new house. Seems that the Owners we rent from decided > they want to sell the house and feel it would be easier without someone in > it. Geeze....Why didn't they just do this from the beginning(9 months ago) > rather than ripping us up. > We went to see about a mortgage for the house. We are not sure we will > qualify because we have little or no down payment, and we filed bankruptcy > which won't come off until 2008. The bankruptcy was a result of me losing my > employment for 12 months while I was trying to get my disability started after > the wreck and the months until my LTD kicked in. We almost lost everything. > Anyway, it will take a miracle to get financing. I don't want to move > again..... Any ideas? > > Mel > http://hometown.aol.com/mdl1031/ > > > Quote Link to comment Share on other sites More sharing options...
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