Quantcast
Learn About Homeownership:
QuestionsCompaniesPeople
Few decisions are more important than how to pay for or maintain your home. Question Big can help you stay smart and avoid mistakes.
Tagged with: credit
73
Views
2
Answers
0
Likes
A Curious User
25 days ago
I’m currently living in Eau Claire Wisconsin, in a rented home. I was a home owner in Puerto Rico four years ago.

Before to starting living at Wisconsin (year 2013), I had my home in Puerto Rico on sale with the buyers with a loan approved.

As part of my relocation benefits my company was providing sales assistance to my home. But at the moment of the closing, it was discovered my home and also the entire neighborhood in where the house is located were not free of liens.

The entire story for having this liens is the following: This was a new construction project consisted of 47 homes. The contractor made an agreement to the owner of the land in where the 47 homes are located. The agreement consisted to paid the money for the land to the land owner after all the houses were constructed.

That agreement from the contractor to the land owner never was completed and the land owner decided to take legal actions to the contractor. Unfortunately for us (all the 47 home owners) the contractor declared himself in bankruptcy.

The land owner with not more choices present to the court the situation and all the homes were to public auction around the year 2010. The legal situation continuing in course, and when I was moving from Puerto Rico on 2013 the bank told us the lien was cleared out and also I had the go-ahead to sell my home. I tried to sell my home twice with two different buyers but the lien issue was never resolved.

I’m continuing working with my lawyers and continuing paying my mortgage while I was not living any more in Puerto Rico. I paid the mortgage until November 2015, by recommendation of my lawyer and also because I don’t had any other option I give-up and stop paying my mortgage since then.

Back to the present, my home was sold in a public auction on March, now on my credit reports appears the foreclosure with $0 balance.

Sorry for the long email, but what I’m looking for is to have the opportunity to buy a home here in Wisconsin. I really had a good credit before this foreclosure. Actually this is my 4th year paying rent without any late payment. Also all my accounts, like credit card, car loans Cellphone bills ect, does not have any late payment.

I have all the evidence in the world to demonstrate the lien issue I had with my home in Puerto Rico and also the two times in where I had the buyers with the loan approved but the sale was cancelled by the lien legal issue.


Again, sorry for the long email I just need some orientation to who I can call or contact in order to have the opportunity to buy a home with a FHA loan. Why FHA? Because I don’t have the enough money now for down payment. I have an expectation to buy a home next year as soon my current renting contract ends.

Thanks for attending to this

Ismael
I’m currently living in Eau Claire Wisconsin, in a rented home. I was a home owner in Puerto Rico four years ago.

Before to starting living at Wisconsin (year 2013), I had my home in Puerto Rico on sale with the buyers with a loan approved.

As... (more)
answer this question
140
Views
1
Answer
0
Likes
GINA NICHOLS
3 months ago
Is it possible to have a low credit score and still buy a home? We are planning to buy a home in the next year or two. The goal is to pay off all credit cards and everything on the credit report. The only loan we will still have is a car loan 13k. Our scores are low so it will be hard to get up to high 500's or 600's. We will attempt to have 6-7k down. Household income around 70k with one payment of $400 for car loan. Is this journey possible to get a home?
Thank you!
Is it possible to have a low credit score and still buy a home? We are planning to buy a home in the next year or two. The goal is to pay off all credit cards and everything on the credit report. The only loan we will still have is a car loan 13k.... (more)
answer this question
536
Views
2
Answers
0
Likes
Mercy Croft
5 months ago
I am a 75 year old retiree. I have 1600 a month net income from social security and a small pension. I just got a credit score, because I recently took out a secured credit card. No FICO shows yet on experian, but creditkarma shows transunion 664 and equifax 670. I have no other credit cards or financing of any kind. The only alternative credit line I have would be my electric bill. All other bills are in my daughters name. I don't even have things like a gym membership or netflix account, so the only alternative credit line period is my electric bill. I have no debts on my credit history.

Does it sound like I can qualify, for either a FHA or USDA loan?
I am a 75 year old retiree. I have 1600 a month net income from social security and a small pension. I just got a credit score, because I recently took out a secured credit card. No FICO shows yet on experian, but creditkarma shows transunion... (more)
answer this question
371
Views
1
Answer
0
Likes
Galen Quace
7 months ago
My DTI WITH the new house is like 27%

Will FHA cover a loan for this amount?
My DTI WITH the new house is like 27%

Will FHA cover a loan for this amount?
answer this question
234
Views
1
Answer
0
Likes
M D
8 months ago
Looking into maybe purchasing a small foreclosure for 15,000. We will have 3,000 to put down. Would need a loan for like 13,500. Do they do loans that small? In the process of building up our credit. It's in the 550-580 range. Hoping to be approved somewhere. Have excellent reliable income. We are first time home buyer's.
Looking into maybe purchasing a small foreclosure for 15,000. We will have 3,000 to put down. Would need a loan for like 13,500. Do they do loans that small? In the process of building up our credit. It's in the 550-580 range. Hoping to be... (more)
answer this question
248
Views
1
Answer
0
Likes
Christina Azucena
8 months ago
We are trying to purchase a home, our credit needs some seriour work, we currently rent the home we live in and really want to buy it what ways can we use my mother in law to help she has her own home, but wants to help us out without the 20 percent second home craziness we keep getting thanks
We are trying to purchase a home, our credit needs some seriour work, we currently rent the home we live in and really want to buy it what ways can we use my mother in law to help she has her own home, but wants to help us out without the 20 percent... (more)
answer this question
367
Views
1
Answer
0
Likes
Joyce Waller
9 months ago
Credit score around 475, bankruptcy discharge November 2016 need help raising credit score.
Credit score around 475, bankruptcy discharge November 2016 need help raising credit score.
answer this question
387
Views
2
Answers
0
Likes
James Ross
10 months ago
We filed a chapter 7, lost a home in foreclosure but maintained a home we could afford. It's been 4.5 years and we were approved for an FHA loan based on our re established credit, stable jobs, good income and no debts at all. Lender says FHA is all we can do and that PMI is required. Ok we find it to be worth it, but no one can tell me how long we will have to pay the PMI? When can we get it removed, and will we have to refi to remove it? If that is true how long?
We filed a chapter 7, lost a home in foreclosure but maintained a home we could afford. It's been 4.5 years and we were approved for an FHA loan based on our re established credit, stable jobs, good income and no debts at all. Lender says FHA... (more)
answer this question
256
Views
1
Answer
0
Likes
deb miller
a year ago
I am pre-approved for an FHA first time home buyer.
I have made and offer and acceptance on a home.
FHA has done the appraisal.
FHA has done the final inspection.
My income, rent and credit reports and employment have been verified.
Paperwork has been sent to underwriter.
I am pre-approved for an FHA first time home buyer.
I have made and offer and acceptance on a home.
FHA has done the appraisal.
FHA has done the final inspection.
My income, rent and credit reports and employment have been verified.
Paperwork has... (more)
answer this question
208
Views
1
Answer
0
Likes
Giles Benson
a year ago
Is there an FHA program called Credit Advantage?
Is there an FHA program called Credit Advantage?
answer this question
Ask a Question
 


Choose up to 5 tags (e.g. FHA loan). We'll recommend some, but you can change them if you want.
Thank you!
Please check the email address you registered with for your account confirmation. Then click the activation link to get started.
Question Big is a community of consumers and professionals sharing experiences, knowledge and advice.
Report Content
I'm reporting this because I think it is:
Report User
I'm reporting this user because I think the user is:
Report Company
I'm reporting this company because I think the company is:
Thank you!
Our team will review the content you reported and will take appropriate actions. We appreciate your contribution to the Question Big community.