Ranting And Rambling About The Website
1) I go to Propbot for the first time. I do not know that it is affiliated with thecreativeinvestor. So when I try to register it tells me that I am already registered. So after several attempts at a passord, reset password, password email, confirmation emails, and 10 minutes later - I have a new password.
2) At Propbot I spend 10 minutes trying to figure out how to view properties in my area - Central FL. I later give up.
3) Get an email from creativeinvestor telling me I have an email. Go to creativeinvestor and it tells me that I can not look at emails.
4) Get an email from creativeinvestor telling me that I have a private message. Go to creativeinvestor and it tells me that I have reached the private email limit and must now subscribe. It does not give me the option of deleting my previous 1, maybe 2, emails. So now I can not look at my private message.
Several things you can do. Check into the Nehemiah program. See local state grant programs from down payments through your housing authority or affordable housing resources. Homes under $225k should qualify depending on the purchasers income and household size. Find another lender who will do 100%I know one if you dont have one u can email me at **Please See My Profile** I am not sure about you gifting the 6k, the seller can not contribute but u have to check with the lender if they allow other contributers, FHA is coming out with new loan programs at 100% to get rid of this dilemma.
Several things you can do. Check into the Nehemiah program. See local state grant programs from down payments through your housing authority or affordable housing resources. Homes under $225k should qualify depending on the purchasers income and household size. Find another lender who will do 100%I know one if you dont have one u can email me at **Please See My Profile** I am not sure about you gifting the 6k, the seller can not contribute but u have to check with the lender if they allow other contributers, FHA is coming out with new loan programs at 100% to get rid of this dilemma.[ Edited by raahubaat on Date 10/10/2007 ]
Bank of America has an Acorn loan program that allows the sellers to contribute up to 100% of the closing costs (think the buyer must put in $500). It is a super, low cost loan. The buyer must make under 56k a year.
Have you considered carrying a scond mortgage on the property? In this case you could hold a lien for the $8,750 that would generate you a monthly payment. Of course, this is assuming that the bankl will agree to this and of course it will need to be fully disclosed on the HUD 1.
Good Luck.
JS.
www.nehemiahprogram.org
www.ameridream.org
www.nationalhomefoundation.org
www.equitygrants.com
www.buyers-assistance.com
Thanks Joel for the explanation. Although I never considered getting up at eight as qualifying as an "early bird"...
Chris
Please contact me regarding this if you are still interested.
Mike Meroney
Foreclosure Management Company
913-620-4837