Saturday, October 31, 2009

Who can save my home from auction without scamming me (finance it or buy it and rent to me maybe) ?

My home went into forclosure, which also has ruined my credit. Now my home is going up for auction and I want to save it. I was ill for several months and that put me under financially now I have regular income again and my child and my baby will be homeless. I need some assistance from someone to help me get a new loan or even to buy my house and rent it to me until my credit is repaired and I can buy it back.



Who can save my home from auction without scamming me (finance it or buy it and rent to me maybe) ?

Some companies will refinance you even if your in a active foreclosure. The interest rate will be high, however if the payments are reasonable it will you to keep your home. I helped refinance a person in active foreclosure a few weeks ago, the interest rate on a 2/28 was 10%. It%26#039;s all risk base pricing meaning that the interest rate increases as the risk to the investor increases. If you can document that you where physically sick and unable to work, that would be medicating circumstances that they would consider to allow the file to pass and be funded. N0t sure where you live, but that is the route I would take before anything else. E-mail me and I%26#039;ll walk you through how to see about finding a lender to work with you.



Who can save my home from auction without scamming me (finance it or buy it and rent to me maybe) ?

I am so sorry to hear that, I wish I could help



Who can save my home from auction without scamming me (finance it or buy it and rent to me maybe) ?

I would think that if there%26#039;s any equity in the house, you could get a real estate investor to bring you %26quot;current%26quot;. Then you could sell the house and split the equity. If you%26#039;re upside down anyways, doesn%26#039;t seem like anything would help.



Who can save my home from auction without scamming me (finance it or buy it and rent to me maybe) ?

I have a contact person who works with folks in your situation. Your loan to value needs to be under 80%... They will buy the home from you and then you rent it back for 1 year. At the end of the year they will sell it back to you for the current balance of the loan, not current market value... May work in your situation.



Shoot me an e-mail and I can get you in contact with this person.



Kruorock@firstratelending.com

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