I will do my best to help you determine what you could afford and what you should be paying. We will not do work that is under our control or that is not available.
If you want to purchase a home, you need a good idea of what you can afford.
Your home search is probably the most important part of your home buying process. There are lots of factors to consider, including the size of your home, how you like to live, the location, and, of course, the condition of the home. For instance, a foreclosure is a major red flag because it would be impossible to sell a home that isn’t in foreclosure. Of course, the only way to know if a home is in foreclosure is to see a court order or call the seller.
I’m still not sure how to find a seller that will accept a home for sale that isnt in foreclosure, but that’s another story. I’m guessing most banks have a website where you can see the foreclosure status of homes.
The only sure indicator for a home being unoccupied is if the lender is taking a $100,000 security deposit, which means the lender is requiring a home to be available. I think most lenders will charge a higher fee for an unoccupied home. But it’s still possible that someone is offering a home for sale that isnt in foreclosure, so you should still call those lenders.
I’m assuming you mean if the lender is offering the property as a “conditional sale.” I think that most lenders will require a deposit to be paid first, but that is still possible. I think the best way to check is to call the local foreclosure office.
Yes, this is definitely the way to check it for a few good reasons. First, you could check online. Since its about a month before the home is due for sale, you can be the first to be offered the property. Second, you can check the local newspaper or the realtor’s website. If it’s a home being offered for sale as a conditional sale, then there is usually no deposit required.
If the deposit is paid in full, the home is typically sold with a $200 earnest money deposit. If there isn’t a deposit, the mortgage lender will typically require the deposit as well. However, the lender can waive the deposit if the property is still being viewed by the lender or if any buyers are interested.
I’m not sure if this is true or not, but in most cases the deposit is a good idea. You might be able to get a lower price with a deposit, but if you have a bank account, you might be better off taking out a home loan with the deposit that you would have paid for your own home.
If you are getting ready to close on your home, then you probably want to pay a deposit. Some lenders require a deposit for mortgage loan. However, some may only require a deposit if the home is still being viewed by the lender. Be sure to find out which lender you are going to work with.
