Buying house with 100% down. Do I need an attorney? Where can I find checklist?
156546
I bought my home with cash. I would highly recommend hiring a lawyer. He or she can handle all the little details that most normal people don't think about. Make sure you go to town hall and make sure the taxes are up to date, also. You can also get a realtor, preferably a 'buyers agent', to sort through the paperwork. A lawyer works 'by the hour'. A realtor on a percentage of the sale price (or most do.)
59180
I am actually a mortgage consultant. There are a few options for you. You could use a lender that does straight out 100% financing. Or, what is very common these days is doing an 80/20. You take out a mortgage for 80% of the sale price, and another for 20%, this would remove the problem of PMI(Private mortgage insurance) which is required if the loan is more than 80%. Now, if you have great credit, this shouldn't be tough to do. But, you will need money for closing and prepaid items. I am not sure which state you reside in but I will put my link below. If you want to goto it, and put your info in, I could email you, and give you some more info. I do not write loans in all states, but if you live in a state where I cant do anything, I could point you in the right direction. Bare minimum, I could give you some handy information.
1153442
Call a local mortgage broker (check your local yellow pages) and ask for a consultation, they are usually free or may charge a small fee (< $25)  for pulling your credit report..  Do not call a bank.  Mortgage brokers have many more programs available than banks and are more experienced in dealing with folks with troubled credit.  Anyway, they can pull up your credit and see how it looks.  It may not be as bad as you think.  If it is, there are programs such as FHA that are not credit score driven.  It always helps to have money saved up for a down payment, and while 100% loans can be obtained, you will most likely need a minimum of 3% down.  If you do not have the 3%, it can be in the form of a gift from family or friends.  There are 3rd party non-profit companies that you can get the donwpayment from, although FHA has been looking down on them lately.  Mainly b/c the 3% gets financed back into the loan....sort of...but I can't say that...LOL\n\nA good mortgage broker will have all of this information.  He/she should also be able to direct you on what to do if your credit needs a little repair.  If you are not ready to buy now, they can coach on what to do to be ready in 6 months or so.  Good luck with your dream of owning a home.
838606
Pay your late payments or contact an attorney.  There a lot of good attorneys that work specifically to help you find the loop wholes to keep your house.  Or you can try to find a buyer and sell it before you lose it completely.
737768
The cheapest way is to have at least 20% of the down payment saved up before purchasing your house.  Not only will you have a smaller monthly mortgage but you will avoid paying Private Mortgage Insurance every month.  \n\nThe best way of looking for a house is to find an area that you want to live and do some research of the area via the county's auditor website for recent sales and by searching listings via realtor.com or other realty firm's website.  \n\nAlso by subscribing to a legal newspaper you can get the heads up on who is getting a divorce, who died, and who's home is in foreclosure, or filed for bankruptcy.  These circumstances often lead to substantial savings if the owner is willing for liquidity.  \n\nGood Luck.
569833
Hey Dude,\n\nThe usual answer is: it depends. Here is a summary of the loan types you are talking about:\n\n80/20: This is a no down payment loan at 100% of the purchase price. This loan will avoid having to pay PMI. The rate on the second is typically higher than the rate on the first mortgage.\n\n100% Single loan: Can't think of a good reason to have it since you have to pay PMI that is not tax deductible. On the 80/20 loan you can deduct the interest. You would have to wait until the loan balance is 78% of the property value before you can get it removed.\n\nFHA: this can be a great loan if your credit is a little shaky. You need to put 3% down, or have the seller be willing to work with you on a down payment assistance program. If you can't qualify for good rates on the 80/20, you may still get good rates on the FHA. If you have good credit, then this is not a good loan to have as you will have to pay MIP (Mortgage Insurance Premium).\n\nJohn Visser
855992
Go to the Department of Housing for whatever county and/or city in which you wish to purchase a home.  Some cities and all counties have down payment assistance programs that will provide up to 10% toward the buyers down payment or closing costs.  Good luck!
603665
To buy a home, the requirements depend on the mortgaging bank.  They can have points, but they can also have no point programs offering higher interest rates.  Inspections are not mandatory, but I'd have one done, especially given the high housing costs at the moment.  Attorneys are not always necessary, but I would suggest it - a notary public must sign papers from any online mortgage transaction--town clerks usually will do it without issue.\n\nAppraisals are necessary and arranged by the bank.  (My last appraisal cost $300.
385411
the government offers some help with down payments for first time buyers. there may be some criteria though. may be worth checking into.
608970
I would love to tell you that everything will be alright. But you are in a very tuff situation. It sounds like the pinnacle of either some hard times or poor choices are catching up to you. The first thing is look to a mortgage loan BROKER, not a bank.. A broker is going to work with a greater number of banks and lenders that will be able to offer you a mortgage if there is one available to you. There are loans out there up to 125% of your homes value that can be utilized in a refinance. However loans that high are often offered only to good credit high FICO score borrowers. IF you have not had a lot of lates since the Bankruptcy you might be in luck, however if you have had lates since.. you are really not in a good position to refinance. Antoher option is somehting called a "Short Sale" this is an option that you may know about from all the mailers you are getting from real estate agents and or investors that saw your home listed in forclosure... It is where you find a seller to your home, and the offer is presented to the lender (your real estate agent can do this) and the lender agrees to "forgive" the loan to whatever amount and sell the home for less than you currently owe.\n\nLet me tell you as someone in finance and mortgages this is one of the best options to you. Whatever the situation and however you got there, you want to walk away in the best situation you can. You bought a home once, and can again but don't let it go all the way to forclosure waiting for something magical to happen because it usually does not.. Sel it using a short sale and walk away from it without a forclosure.. It does not sound like you have any equity to lose and if you walk away without a forclosure on your credit and without the debt of mortgage balance on a home you longer own you will be in a better spot.\nOnce that is done you and your husband can focus on getting back on your feet. Best of luck to you!
410401
I don't have the program, but consider this.  Do you really think you can buy a house for nothing down?  Yes it can be done, but everything has to be in place.  The right time, the right market, the right financing, etc..\nDon't waste your money.  Look at lease options instead.  Yes you do have to put money down, but not as much.  Also make sure that the contract can be assigned.  That is sold to someone else.
798503
Start with an attorney.  You're going to be making some legal promises that can last thirty years, you need someone that knows what they're doing who is on YOUR side, and no one else's. \n\nYou need to talk to mortgage brokers, figure out what price range you're looking in. \n\nThen you need to find the house you want. Realtors are great for that, but if you don't use one, you still need to know what price range to shop for. \n\nWhen you find it, you sign a contract. It says "On or about a date two months from now, I'm going to pay you X and you will give me a deed to the house, free and clear of all liens.  This contract is void if the house is inspected and found to be in horrible structural condition."   It'll run about five pages. \n\nYou get the house inspected to be sure the roof is solid, not just painted on, that kind of thing.  \n\nIt gets appraised to be sure you didn't get conned on the value. Lenders don't like lending twice what the house is worth. \n\nA date to Close is set, something agreeable to all parties and lawyers. \n\nThe lender sends your loan papers and the money to your lawyer. \n\nYour lawyer explains what you're signing;  pay attention to the Note, which is your promise to repay the loan, and the mortgage which says if you don't, they take the house, and even while you are paying you keep it insured and in decent shape, and pay the taxes, etc.  Then he hands everyone their checks and it's your house. \n\nYou also will go through the "hud 1" or "settlement statement".  That's where you see all the money in and out on the transaction.  Closing costs are basically anything that has to be paid by you or the seller that isn't the price.  Loan fees, attorney fees, conveyance taxes, appraisals, filing fees, final water bills.... anything.   \n\nNow, having said all that... you also need to have an iron clad contract with the boyfriend detailing what happens to the house and the payment if you split up.   The courts won't be interested in helping you without a written contract.
904475
Go to the county courthouse and they should have a list of all preforeclosures.......Sometimes you can find them online....In my county we can acess them off internet....Best of luck...
543593
There are many programs available for first time homebuyers.  I closed on my first house for $300 out of pocket.  The county made my downpayment for me.  Talk to a Realtor.  He/she will be able to tell you what programs are available in your area.
217598
When I do a for sale by owner I start at the bank.\nWhat you need is an experienced mortage loan officer.\n(That's on comission!)  They will make sure everything goes off without a hitch because they don't get paid unless the deal goes through.  As far as being legal you have to go through closing with attorney's.  A good Loan officer will do the things a realtor would but not charge you 6% of the sale.
920547
It appears that you are dealing with a probate issue as well as issues related to ownership of property. \n\nI would suggest that you seek legal advise, in the form of a lawyer, or mediator. The legal issues are complex and technical, as the will will likely will have given direction, but clearly has not resolved issues. this will therefore have to be contested, and unless the other parties are willing (which does not appear to be the case) this will become a complex and time consuming situation.\n\nAt $ 100. to 150. per hour (or more) you can see that it would become very expensive to resolve this matter. \n\nanother approach may be to suggest to the other parties to have the property appraised by certified appraisors (not realtors)\n(each party to do their own) and agree that the average is the base price to work from, and then to use this number as the value from which you all negotiate a buy out at terms that work for all parties.\n\nKeep in mind that neither of the parties may be able to come up the money to buy any one or more parties out,so it may require each of the parties to become creative and allow for some private mortgaging to one or an other.\n\nI assume you are all family in some fashion or another, so the emotional side of all this is another consideration and may make my suggestion something that allows each of you and the respective family to move forward and keep relations civil and constructive.\n\nTher is likely little incentive by the parties using the property to resolve the matter, but if everything else fails the courts will have to resolve the matter, and trust me "everybody will LOOSE".\n\nGood luck
154857
find a new attorney! and someone new to buy the home.