I’m purchasing a Fannie Mae owned foreclosure. We are being offered a 3.5% rebate off of the purchase price to go towards closing costs and pre-paids. It’s looking like our closing costs are going to be less than the 3.5% allotted, and I don’t want to lose the extra money. Does anyone have any experience with this? How do we maximize the rebate?

I pay all for all our living expensives and save for retirement pay for all our health care and co-pays including all insurances cost, homeowners car ect. He used my credit card to pay for job material and never kept track to make sure he was paying me back. He use to walk the dog in the AM now he meets his son for coffee and follows him to his mothers house so his son doesn’t have to drive the eight miles to the job site. I brought a ipod to share with him than his son helped him buy a sony mp3 player (he siad it was because 8 years agao he had to money but I won’t buy him one) so we don’t have to share the ipod but now he wants to use my CD’s to bulid his libary and I got up tight about it because he loads out my netflix cd’s to his son and looses them in the house and I have to ask where the movies are and look for them or tell netflix I sent them back. So I’m feeling like my husband of 25 years is walking all over me, I thought if I paid for everthing he would have the extra money to put into fixing up our house. Last Christmas he didn’t buy me a present because I asked for the money he borrowed to be paid back so he didn’t have the money nor did he tell he just waited until Christmas day. We spent one day together camping this summer and his son came with his girlfrind we had one day together Monday. I feel like I come last in his life and if I said or act out he saids he doesn’t like being around me. He only like me when I have no expectations of his time or money so that he can do what he wants when he wants with whoever he wants to do stuff with. I feel as though at 50 that either I put up with him or I’ll be a loney bitter women. I want to be proud of how well a man treats me and I want to be with a person who pays back the dentist who saves his teeth or the physical therapist who try to help . I would want to pay the person who paid for my truck insurance so I can work. I want a man who has a driver licenses and that can have a truck or car in his name. I feel so bad and don’t know what to do? My husband doesn’t see anything wrong, it’s my behave that needs to change. I guess I should be happy I have to money to fix up stangers homes..it’s hard to swallow.

If I were to buy a forclosed home for ,900 and it needed about ,000 to put it back in good shape, would a lender borrow me the ,000? I am low income so do not have extra money laying around for the fixing up on a fixer upper.

Here is my situation. Me and the wife just applied for a our first mortgage. She has a credit score of 673 and I have the bad one of 584. I went ahead an pulled my reports from the 3 credit bureau’s. I have 5 accounts that are in collection or are delinquent. These are minor dollar amounts. Only like 44, 179, 144, 202 and 180. What is the best way to fix this without going to a specialist and paying the extra money. I have all the contact information of the creditors so I can contact them directly now. Should I call them (not mention I’m buying a house) and say I want to work with them to get this off my report? Then infer I don’t have much money but what is the least they will take to call it even? I have been much better with my money for the past 4 years with nothing negative. And once this is done, how long till I see it impact my credit score? Thanks for any help.

Here is the deal we are paying our payments on time and barely getting by (yes we are not as bad off as most right now) our monthly payment is very HIGH. Our house is valued less then what we are paying for! If we were to sell the house right now we would have to give you money to buy it! ( no way)
The mortgage company will not work with us because we have not been late. They will not lower our bills or anything! I think about saying lower it or get nothing! Yet they work hard with people who are in HARDSHIP. Or they just turn in the keys!
We are tossing this idea of not paying anymore like many have done this past year! But we are torn we just got credit to good standings. But credit can be fixed ?
We are trying to save for a wedding / honeymoon and even that is done cheaper… we just want to look out for our future as well as our current situation. If we drop this house we can then rent and save money. We could rent 2-3 places with the cost of our current mortgage and that extra money would really come in handy right now! Instead of us stressing monthly!
So we come to you and ask. Would you do this? Have you done this? If so what should we expect?
How bad is it to do this? Any comments or suggestions to help us right now with this situation? Any other options we don’t know about?
we did that! and they said no. we can do anything for you!
Thanks for your honesty!

I start school in feb for respiratory therapy and after that I planned on being a traveling respiratory therapist. But since all my expenses would be paid for by my company. I think a rental property could be a good investment? I am just looking for investment options for extra money? Plus I can always live in the property if I decide to stop traveling
School is 21 months?
actually 15 months but I decide to opt for advance training because that is extra money in your salary.

I’m a male single parent that works evening hours & not enough time to spend @ home. I would like to know how can I get out of this rut? I am in need of ,000.00 to start a home bussiness in buying rebuildable cars to make extra money or to buy fixer upper homes then flip them I am yearning for help or investor that believes in me and my cause to succeed. I’m a very honest and trust worthy person. Unfortunately with previous bad credit and with obligations to my children it seems that my enterpeneur endeavors are becoming harder since I am turning 48 years of age this month. I am from a latin decent with knowledge both english and spanish and it seem that to no avail I’m turned down for small loans any ideas any one? I will be very will to share the profits.

I just recently purchased my first home, a townhouse. I borrowed k from my 401k to help pay for the closing costs. My concern is this: what are some of the common problems with buying a rental property, once my 401k is paid back? My goal is to have a second property so I can have the tax break from TWO properties. OR, should I take any extra money I get next year and put it towards paying down my second loan (the 20% loan I took out to help avoid paying PMI)?

I am in the market for a house. Something not too expensive and preferably rent to own.

I recently came across a house that really is a true 100% fixer upper.
Needs new windows, carpet, plumbing work, paint job, and possibly roofing.

Now my question, is buying a home such as this one (with the potential to be something amazing) really worth the extra out of pocket expense just to make the house livable and then the extra money to make it pretty?