[emerald7]

I am desperetly trying to find a way to purchase the house of my dreams, it has been on the market for 3 months and the price went down by half of asking price. The only bad thing is that credit is a matter (mine is fair) and we don't have the 10-20% of what banks ask for. We are working on getting our credit up to where it needs to be but it takes time and I cannot wait because I'm scared the house will not be available anymore. Income is not an issue since we have reliable jobs, but is there a way for people like me to get any help on purchasing a home these days? Need advise asap. :confused:

[tickle]

Can you find out if the owners/bank, whoever, can make a deal with you for rent to own? This way, you could be working towards owning it, until you get enough money together to purchase outright.

Tick

[ScottGem]

You have two options

1) talk the owners into taking back a mortgage for what you don't have.

2) See if the owner will accept a contract for deed. In a contract for deed, you make payments to the owner until the purchase price is paid off. Some contracts have a balloon payment after a few yuears given you time to build up credit to get your own financing.


You may have to offer more than the current asking price