Foreclosed house.

Never say never. Anything is possible.

Have you tried approaching them regarding that?

Normally, the banks do not make a loan on the house to sell it (referring to the owning bank) but Indiana Joe got them to do it for him at least once. You may want to read his journal to see what he did. But, I must warn you, his journal is VERY BIG!!!

Karen

Thank you

Yes its possible to get the house from the Bank with no money down but you would have to find a buyer who wants a tenant home for rental..

Then you would have to negotiate with the buyer to do a lease purchase to purchase the home through a lease.. This wont give you immediate ownership but it will keep you in the home until you pay it off..

I can assit you with this for no cost.. Let me know.

Remember this: With Real Estate there is a way around anything and you can always save your home.. I saved 2 homes of mines that were in foreclosure...

Or I can buy the home from the bank and lease it bak to you, but the lease option will be more then the current lease that you had..

The question is if your home is in foreclosure now, how will you afford the payments again ?

Consider this..

Expand a little on your situation.

I was looking at this as you are a renter and the owner quit making pmts and you are interested in the possibility of buying but Duncan read it as you are the owner who is in foreclosure.

Karen

I am not the owner i am a renter.

Thankyou again.

I am the renter.You are correct.

Thank you again

Hi Your the inside man, cant get any closer than that, if you cant buy you can assign, lock it up and sell to another buyer, whats that mold issue all about, how bad is it?Wishing you the very best, you can PM me if you want, Jim

You are right in the middle of the situation. You ought to contact the bank and see if they are willing to work with you. The odds are against you being able to get a loan from this particular bank, but you never know unless you ask.

Good luck.

I would ask if the house has all these problems, why would you want to buy it? Do you have the funds and resources to fix it, even if the bank allows you to buy it with no money down?

- Tom

I am seeing a lot of assumptions on the situation and no clear explanation of the circumstances. Where are the numbers? How did it go into foreclosure? Are you the tenant or the owner? Is it upside down? Who is the lender?

It seems like we have the cart before the horse here. What is the value? What would be the cost of repairs? This is like a 500 piece puzzle that has taken no shape at all. Can you give us more info please?

I am so glad to see you speak reality!! Way to go girl. You are on the way.

Michael Mangham
Mentoring/Team Building Nationwide
MD Home Acquisitions LLC

Thank you Michael for the affirmation.

It would be a real good idea if you would fill out your profile. Tell us about yourself and where are you?

If the home is in foreclosure you can work with your lender to see if you qualify for a loan modification. Another option would be to hire a real estate agent to do a short sale. There is another option called lease option and you would have to find another place to live. You might also talk with an attorney regarding your personal situation and circumstances.

I hope this helps you.

He is not the owner. He is the renter (post #7)

Thank you everyone for your help.Another issue is im on social security.I was injured in an accident and im getting my retirement money.I dont think you can own anything on ss.

Thank you DG family:)

#10 I have the resources to do the work on the house.

Thank you