We have found the perfect home (brick ranch 3 bed, 2 bath) It is in the perfect location as well. Asking price in only ,400 – It is a foreclosure home, and it will be going up for auction in 15 days, unless we can buy it before then.

So here is the deal. My husband has really bad credit. Reason, his ex-wife got their former marital home in 1999. She was told to get the mortgage out of his name, and to make all the payments on time so not to hurt his credit, but didn’t. In 2005 she was finally ordered to sell the house, using a real estate agent, signs, newspaper adverts etc. AND to make the mortgage payments on time so as to not effect his credit negatively. She didn’t do any of that. She rented the place out from day one, pocketed most of the money and only sent in a mortgage payment when threatened. This already effected his credit. Then in 2007 she just up and decided she didn’t want anything else to do with the home and had it foreclosed on.

Due to ongoing court battles, over his ex-wife’s refusal to comply to any court orders (ie custody etc.) my husband took out a band aid loan (mortgage) in 2003 (to pay attorney’s fees), which was on a fixed rate for the first 4 years, after which we planned to refinance in to another fixed mortgage. However, since his former marital home was in his name, and she had it foreclosed on, she had ruined his credit. As a main bread winner, as my income was not enough to qualify for a mortgage, and his credit was ruined, and no one would even consider giving us credit. Our house payment went from 0 – 0 overnight. The loan was compliments of "Ameriquest" sold to "Coutrywide" A few months later we lost our home.

When we lost out home we could not find another in the same area we had lived in. We were thus forced to move a great distance, and had to find new work. As a cascade effect of all of this, which started with his ex wife, we had to file bankruptcy in 2008, and we didn’t even have enough money left to finish that up.

Bottom line is this. We want nothing more then to have our own little house and make affordable house payments for about 15 years. However, due to our bad credit rating no one wants to help. We can prove all I have just said. Due to lack of funds we can’t hire an attorney to take his ex. back to court. Even if we did, it would be like beating a dead horse…. her new husband would hire a lawyer to draw this out and file excuses etc. etc…. we wouldn’t see much money, if any.

So, having explained all of this, I want to add that my husband has a great work history and has been at his current job for 3 years now. We have lived in our current rental (mobile) home for over 2 years now, and can provide excellent references as far being good tenants. Question is, who would give us a mortgage for that small amount. Bonus here is that the house is actually worth ,000 given the area and all. This is such an incredible opportunity that we just don’t want to loose this chance to own our own house again.

Where could we turn to get this small mortgage for this home? We have a small down payment of 00 to boot. Any suggestions are greatly appreciated.

Technorati Tags: ameriquest, asking price, band aid, bankruptcy, bread winner, brick ranch, cascade effect, compliments, court battles, coutrywide, enough money, fixed mortgage, fixed rate, foreclosure, great distance, loan mortgage, mortgage payment, mortgage payments, perfect home, real estate agent

I purchased a manufactured home about 2 years ago and I am making my mortgage and lot rental payments. I have a 15 year mortgage.I have a lot of credit card debt ( I pay about 0 a month in minimum payments). I would like to consolidate this into one payment so I feel like even if I am living pay check to pay check I am doing ok and pay them off and close the account. only want one card with a low credit limit. Plus the interest rates are high. I have good credit (approximate score 685-710 at last check) never made a late payment, or missed a payment no bankruptcy etc. So my question is should I be able to get a consolidation loan without a co-signor and is this the way to go. I would like to also purchase a new car (lease is up and need to get a new one) should I roll this all into together or do seperate loans and will that even be possible. Any guidance would be helpful thanks.

Technorati Tags: bankruptcy, consolidation loan, credit card debt, guidance, interest rates, loans, manufactured home, minimum payments, new car lease, rental payments, score, year mortgage

Hello, I am 20 y/o male who just graduated from A school. I have a AA in Sociology.

I am roughly spending 4 to 5 years on Active duty.
I have no credit history or debt, prior to joining the military.
I do want to receive a B.A. Degree where ever I am aloud to.
As soon as possible I would like to buy a home/condo/manufactured/mobile.

I have a vehicle back home that neither me or my parents have use for. valued at around ,000

I was wondering If I save about ,000-,000 and with good credit would I be able to get approved loan to buy a (The cheapest housing) home/condo/manufactured.ect.
Within the next 2 or 3 years?
I am thinking more of an investment around priced around 90-120k in the Southwestern states.

Not a home I would live in.

Technorati Tags: 3 years, aa, active duty, credit history, parents, sociology, southwestern states

A recent reports shows how Seniors are being forced to work longer (and they will work cheaper) competing with ‘prime earners’ for jobs (with ‘prime earners’ losing) for the 1.9 million jobs created since 2009.. Will this trend increase?

Many seniors say they plan to postpone retirement or work indefinitely, and the data shows they’re doing just that. For the last decade, the overall labor-force participation rate–the percentage of the population that wants to work–has been gradually shrinking. But for workers 55 and over it’s been going straight up. At the beginning of 2001, for instance, about 33 percent of seniors counted themselves as part of the labor force. Right before the recession started, in 2007, it was about 39 percent. The participation rate dropped sharply for all other age groups during the recession, as people gave up looking for work, went back to school, or decided to stay home for awhile to help with the kids. But for seniors it inched up, and is now at 40 percent–about 7 points higher than a decade ago. On one hand, it’s good news that older workers are able to keep a paycheck coming, and build (or rebuild) their nest eggs–and that employers are willing to hire them. But they may also be taking jobs that would go to younger workers. And rising later-life employment is probably a sign of economic stress that could last awhile.

A major midlife job crisis. The overall job market is clearly healing, but middle-aged workers aren’t part of the revival. Workers between the ages of 45 and 54 are still losing jobs on net, with a decline of about 364,00 jobs in this age group so far this year. That seems remarkable–and worrisome–given that these are people in their prime earning years, and they also ought to be at peak levels of expertise in their fields or careers. Yet they’re not yet participating in the jobs recovery, perhaps because their pay requirements are too high in an economy where employers still aren’t willing to bring back the most expensive workers. Many are most likely middle managers whose ranks were severely thinned during the recession, or construction and manufacturing workers who still can’t find work, and may never be able to in their current fields.

http://finance.yahoo.com/news/Why-the-MiddleAged-Are-usnews-1156971570.html?x=0

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and both the applicants income and the co-apps income without using the co-apps. credit. My boyfriend and I are looking into buying a manufactured home. Our first house. We have 10 acres that are being deeded to us, which I am told will cover our down payment. I have been told by the loan agency with the manufactured home that my score is fine for the loan, but putting my boyfriends on as co-app could hurt us. However, my income alone is not enough to get this high of a loan. I don’t want a co-signer, just myself and my bf to be responsible. Anyone know how to go about this? Does anyone think we qualify for a 1st time homeowners loan even though it is a manufactured home? I’m not really sure where to go with it, or what kind of % we are looking at with just my score which is in the mid 600….
Yeah, and how many of the mentioned "loan" companies listed below are scams?? Sorry just a little sceptical

Technorati Tags: 1st time homeowners, apps, bf, boyfriends, co signer, first house, homeowners loan, loan agency, manufactured home, quot, scams, score