Owner Financing/lease2purchase Help

[beachbumsuk]

Does anyone know of a private financer???, we desperately need/want to buy a new home near my husbands new job preferably in Avon Park or Sebring. We are in a desperate situation with our house in Davenport, we have it on a short sale, but we are going to lose everything probably and we really need to move. We can afford a reasonable mortgage, but cannot save our present home, which we love. My husband has a very good job now, and it is only a short matter of time before I begin to earn again also. Please anyone with any ideas, we are not bad people we just need a helping hand to get us out of this jam, please, please contact us via pm. Thanks for listening and have a great day!
Kay Beavis-Smith x

[Sharon]

Send Susie a pm, she knows a lot of people

[Susie]

Hi Kay

Give me a call tomorrow

[Bobby]

Hi Kay,

Anyone willing to lend you "hard" money is likely to want at least 10%, more likely 12 - 15%, and to be honest I don't think that in the position that you have portrayed, it would be the best course of action. Especially as you have already pointed out that your house is basically in negative equity.

You still have the matter of owning this Davenport property, which isn't going anywhere soon, by the sounds of it.

Now, you're a Realtor so I may be "teaching Granny to suck eggs" here, but how long have you had it on the market? Have you tried every avenue to sell it? Open houses, auctions etc.?? What about advertising in the UK? The pound is so strong against the dollar. It may get you noticed.

Do you have the MLS number? Perhaps I can take a look at it? We're looking at houses every day and trawling the system and because there's so much out there we just can't buy anything suitable. Everyone has mortgaged them to the hilt. But we're still actively looking.

Has the short sale been approved by the bank already?

We've been having issues with some of the homes we've offered to buy, with people not understanding how to conduct their own short sale. One case in particular the owner (a Realtor - by name only! ;) )signed our contract, and another, and another, then presented them to the bank. No contingency at all on the contract, just a standard "yes I accept your offer" So, there are 3 buyers who all think they have a signed deal. It's a mess. You then have three title companies, lenders, home inspectors etc. all clambering over each other, thinking that they have exclusivity, and wondering what the hell is going on.
It has been fun to say the least!

But please feel free to post here or PM me. The more people see the information, the more likely you are to twig someone's imagination/interest.

Bobby

[chris]

I'm no expert here, but why not try and rent out the house in Davenport? At least some income on that would cover or help cover the outgoings on it and preserve it for you as collateral.
Given what you are experiencing with the 'sale' of the Davenport house, why would you want to tie yourselves up again in another mortgage situation in your new area. Why not rent there and keep your committments short term till your personal situation has settled down?

[beachbumsuk]

Hi Kay

Give me a call tomorrow
Hi Susie,
Hope you remember our tele.conversation, can't call today. I have to be in Clearwater by 11 am, but will definitely call you tomorrow, Friday. Cheers!
Kay

[peter gold]

Be very careful with your credit standing. Even on a short sale there will be a debt to the lender and you may not get finance till you get a good credit rating again.
Maybe rent in Sebring area?