Upstate NY investors - - Posted by Matthew

Posted by steve on May 03, 2008 at 13:21:11:

in FL it would be an easy FHA loan.

Upstate NY investors - - Posted by Matthew

Posted by Matthew on May 02, 2008 at 08:57:08:

Just want to help this lady and her husband.
He had aheart attack and while he was recovering the bank foreclsoed on the Seller of the home they are living in and trying to buy. now the bank wants them to close or move out.

Home value 65k-75k - CMA
sale price 55k
DOWN PAYMENT 12K
She has job of 7 year making 40k

MattG

Re: Upstate NY investors - - Posted by Chris

Posted by Chris on May 02, 2008 at 14:52:56:

I am in upstate NY, what is there credit like? And where are they?

Re: Upstate NY investors - - Posted by Matthew

Posted by Matthew on May 02, 2008 at 15:04:51:

Her credit is limited- lo 500’s. she has only a student loan for $300.00
and he is getting SS disability, had career ending heart attack. She has
stable job of 7 years as nurse making 40k a year. the home is in
Cato,NY. An appraiser said the home was coming in at 75K. Bank
selling at a disc. for 55k. they have been in it for 3 years. I would be
able to refi them 6 mos to a year easily, just need to establish pay
history. Let me know what you need to make your decision.