Buying A Home

Buy Your Home at a Discount

There are many ways for you to buy your new home. One way most people do not consider is to buy a home in forclosure.

Free Foreclosure Listing

If you want a real deal on your new home, you should consider foreclosures.

Homes in foreclosure are good homes. But, due to unfortunate circumstances, their owners cannot make the mortgage or tax payments.

The home may have increased in value since the owner originally purchased it. So you may be able to buy it for less than its worth.

Buy Your Home at a Discount How does this work? A home purchased 5 years ago for $150,000 may now be worth $225,000. But, the owner cannot make payments. The owner may have made a $5,000 down payment and gotten a $145,000 mortgage. Over 5 years the mortgage was reduced $10,000 by principle payments. The owner still owes $135,000. Could you take over the payments and offer the owner $20,000 in cash? That is, for $155,000 you could get into a $225,000 home. The only way to know is the ask the owner! How could you easily finance this? You could get a $155,000 mortgage on the home, pay the owner $20,000 and pay off the old mortgage. You wind up with a $225,000 home for $155,000. That's a 30% discount. Sound impossible? It's done every day.

 

Take a look at a listing of all foreclosure properties. You can make a real deal on these foreclosure properties. But, you need a foreclosure listing to find the deals.

You will see properties in foreclosure in the area you select. And, there are a lot of them.

Your free foreclosure listing will search over a million listings, so please be patient. To start, select the state you are interested in.

Search for Foreclosures in your State! Select a State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

Ready for a Loan?

Once you are ready for a lone, be sure to check out our no cost, no obligation home loan service.

iHomeMortgages can provide loans for people with a history of less than perfect credit. They work with you to find the right loan for you. Their customer satisfaction record is worthy of your trust.

Credit Report Scores - Computing Then

Your credit report scores are based on factors that appear in your credit reports:

• Bill payment history (Good: on time and for the full amount)
• Total outstanding debt (Good: non-mortgage loan payments less than 5% of gross income)
• Types of debt (Good: mortgage, car loans, Bad: high credit card debt)
• Length of credit history (Good: 3 or more years of on time payments)
• Credit inqueries (Bad: many rejected applications)

The Equal Credit Opportunity Act (ECOA) prohibits certain factors from being used in determining your credit report score:

• Personal details such as sex, marital status, age, race, national origin, or because you receive public assistance income
• Sources of income such as regular alimony, child support, or separate maintenance payments

The Equal Credit Opportunity Act provides actions for you to take if suspect unauthorized factors are being used to deny you credit.

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Description:	Credit report scores affect your ability to get a loan, buy a home, and even get a job. Find out how to see and improve your score.
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