Friday, October 30, 2009
Rent To Own
We had a client that was moving from California to Colorado because of a job change. He was upside down on his home in California and wanted to find a nice home for he and his family in Colorado. Because we have a branch in California as well as our branch in Denver, we are helping him short sale his home in California. Basically a short sale is when we negotiate with the bank to drop the principal amount on the mortgage so that we can sell the home based on what its worth in today's market. We also found him a beautiful home in the north Denver area that we negotiated a lease purchase on. Within two years we will have his credit restored and will close on his mortgage.
Tuesday, October 27, 2009
First Time Home Buyers
Did you know that there are programs out there for home buyers that do not have credit scores above a 620? FHA still allows us to fund loans for buyers that have credit scores in the 500's. The most important factor is that the last 12 months worth of credit is clean. You cannot have been over 30 days late on any active credit, such as credit cards, auto loans, student loans within the last 12 months. If you are in a situation like this than you may be eligible to buy a home with little to no down payment.
Visit our website today @ http://www.real-estate-denver-colorado.com/
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