Posted by admin on Aug 31, 2019 in home loan
It’s a common problem that I see for today’s first time home buyers.
If you aren’t selling with a lot of equity, you likely don’t have a lot saved for a down payment and will be financing most of the home purchase including the closing costs and maybe even one of the popular 100% home loan programs here for a Minnesota home.
We see it often where one person who wants to buy can only get pre-approved for a $100,000 …
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Posted by admin on Aug 31, 2019 in Motivated seller
Minnesota home in probate
Talking to others that have helped motivated sellers with probate situations where there was a will and a death in the family. Typically it’s an aging parent or grandparent who has died.
The process can be shorter or longer depending on the complexity. Often the person dealing with the house isn’t thinking about the word will or probate much. They may be thinking of the word court or attorney as they follow up with the process.…
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Posted by admin on Aug 31, 2019 in contract for deed
Are you a motivated buyer, but can’t easily get a bank loan. There are many reasons why you can’t get a bank loan from
Low income
High debt-to-income ratio
Self-employed tax wrote-offs
Recent
Foreclosure
Bankruptcy
Short Sale
Loan Modification
I’ve seen agents and investors work with contract for deed buyers in the past that couldn’t easily get bank financing.
A main reason is they are a new self-employee person or any self-employed person who makes great money monthly, but writes …
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