my self How do I get the money to buy these properties and fix them up. I have bad credit so a banks not gonna do it. I know I can just save the money I make from selling houses as an agent but what if I wanted to get started now?

With all the problems popping up with the economy, and a few horror stories we’ve heard about banks foreclosing on property and the tenants not knowing and not having time to prepare for such actions, we’ve become suspicious of our landlord paying on the rental property where we live.

We know he’s gone through a divorce and we’re wondering if that’s affecting his ability to pay on the properties he owns. We’d ask him in person … but that would be rather awkward.

I am tired of hearing people how he has screwed up the country–hey talk to an Indian or a East European who cowers each time they go through a parking lot–don’t know which car will blow up.

As to economy–remember there are so many more home owners today, so what if a few defaulted.

As to Iraq–Middle east muslim nutbags are afraid to attack America because of Bush. They know what happened after 9/11–their lovely leader Osama is now eating dirt!

Of course Bush did not do everything right. He should have put in regulations on banks and non-banks. He should not have been lulled into thinking he had won Iraq war–but most of what he sought, he accomplished. A true man of conviction, he did not raise taxes, went after America’s enemies with a vengence and was not afraid of following his convictions.

See if you really put your thinking cap on, you will admire George Bush. But if you are a mindless slogan reader, you will be totally one sided and see no good side of him.

I was told by a real estate agent that banks do not want to accept bids for properties from people who have FHA loans because they are "too picky". We just thought we could purchase a fixer upper to save money. So does this mean we wont be able to purchase a house that needs some repairs?

Fannie Mae went through a few hundred billions of dollars over the past few years. Where did it go?

Banks? Homeowners? Builders? Credit companies? Barney Frank?

The recent report from OFHEO (May 23rd) accuses Fannie Mae of 11 billion dollar accounting scandal. What potential effects could this have from the real estate market? Is this like an S&L scandal or not? How would this affect lending from banks? Its a loaded question but would really appreciate some insight. Thanks

My credit cards got a little out of control during the bad economy these last few year. Nothing serious, I just finished paying them all back.

I am currently trying to save up some money to buy a house one day in the future. But now, I’m worried that banks kill me on my mortgage because of my past credit history.

Outside of paying back the debt which I already did, and keep a stable job. How else can I make my credit rating better?

such that they could lend out 97.5% of their reserves for loans/mortgages, where other banks could only lend out 90%. Why was this done with fannie mae and freddie mac in particular and not other banks. Were they part-government owned or something

I blame the cause of the economic crisis on Fannie Mae and Freddie Mac. This is the true cause of the banks closing. In a debate i would like to know as much as possible about this before pointing fingers. I looked up on google and found a few things; however, I would like to know more. Thanks for any help.

Fannie Mae has published qualification requirements for updates to their Desktop Underwriter 7.1 system based on the government program. However it seems the banks don’t have the same requirements even though they say they are using Fannie Mae guidelines. Specifically the updates on April 4th allow you to qualify with a FICO score below 580, if you have LTV of 80% or less and no more than 1 late payment in the last 12 months and you are now current on your mortgage. I’m getting inconsistant information from the lenders. Any idea why?

So far, the only real failures in the economy are:
–banks (and toxic housing loans)
–Fannie Mae, Freddie Mac, Ginnie Mae (home loan owners)
–AIG (insurer of real estate derivitives)

Have you liberals figured out why the bail out bill is being used to pay off democrat political pacs and interest groups?

I have bad credit. I have already consulted a "professinal credit counseler" but got a half ass response. I am not ready to pay additional money to have someone else fix my problem. I have had bad credit for about 2+ years now. I used to have decent credit. It is estimated that I have around ,000 owed. I would like to do this myself and contact the creditors, collectors and banks myself. I just want to know what would be the right approach so that they get paid and my credit report will show that I have made and effort to do the rigth thing? I have a family and would like to buy a house one day. I also want to go into law enforcement. So credit is important to me. Any advice would help. Thanks