Buying a second home

What I wanna know is, has anybody here lost a home that they were buying? If so, is it possible to buy another home? Or are you doomed to renting for the rest of your life?


I know I can look it up on the internet, I just wanna hear some of your opnions, and if anyone here has any experiance or knowledge on this issue.

What do you mean by "lost a home"? You agreed to buy a home, but someone else scooped it before the deal closed? It burned down? A bit more detail would be helpful. :)

yeah, were you like evicted from a home? cuz that may be hard to climb out from under

How do I put this.

We basicly baught the land from someone in the neighborhood, after fighting for it. We had a home built on the land, for our kids sake. Got a pretty good deal on it, the price that is. Twenty or twenty five year note. We would fall late once in a while, due to mail and all. Yet we would get it cleared up pretty fast, with real no problems. Mabye a late fee or two.

Any who within the last year or so, some one started comming in our home accusing me of being the "neighbor in question's sister" and offering my kids money.

To sum it up, We were ran out of our home, by the verry pricks, who we faught to keep our land in the first place.

I don't care if it's a 14'x70', or a American dream home, it's how much rent you pay while living!

The question is: how were you "run out" of your home? Did you not pay your mortgage and the bank took it? Did the neighbors kick you out by force? What actually happened?

More detail on the circumstances of how your were "run out", clear details, need to be posted before anyone can comment on your situation.

Errrr, We ran off out of fear for the kids saftey, or at least I did with the kids.

The woman I was caring fo (granny) passed away, thus money lost on my part. It waqs paying for the kids school clothes and every thing else they need. Plus any help with what ever bills. I was informed of her death, but not when the funeral was. I was unable to attend.
.
At the same time he lost his job. Got another about the same time income tax was comming in. ( catch up payment ), which was also enough to pay nearly a full years home payment.


It is a looooong story


La De Dah

I was left in the dark, He beat the snot outa me, we lost the home and of course the land it was on.

Only base a house payment on the lowest spouse income, we loose homes, because of health, death, divorce, and lost jobs.

I know, it is a fact of life.

I just wanna know If it is possible to own a home after the loss of a home.

Yes! It's called creative financing ''Almost anything is negotiable''
Rent to own
Owner financing

I know, it is a fact of life.

I just wanna know If it is possible to own a home after the loss of a home.
:runaround:



Yes. :banghead:

Errrr, We ran off out of fear for the kids saftey, or at least I did with the kids.

The woman I was caring fo (granny) passed away, thus money lost on my part. It waqs paying for the kids school clothes and every thing else they need. Plus any help with what ever bills. I was informed of her death, but not when the funeral was. I was unable to attend.
.
At the same time he lost his job. Got another about the same time income tax was comming in. ( catch up payment ), which was also enough to pay nearly a full years home payment.


It is a looooong story


La De Dah

I was left in the dark, He beat the snot outa me, we lost the home and of course the land it was on.

More horse puckey from karmacae, just take your own advice and take the pills.

I am almost amazed at despite having started a thread and subsequently made three follow up posts, very little useful information has been given.
Whatever sob story you may have doesn't mean much to the situation.


You say you bought the land the house was built on.
How did you buy the land?
Whose name/s were on the deed?
Was money borrowed to buy the land?
Whose name was money borrowed on?
Same with the house.
Who owned the house?
Who borrowed money?

You say you occasionally fell behind on payments.
Were these ever negotiated with the lender or did you just miss a payment?
i.e did you let them know you might be late in paying?
Assuming that your name was used to borrow money, was it ever recorded that you defaulted on a payment?
What about other lending?
What is your personal credit history like?
What is your employment situation like?

As someone said, if you were legally evicted then that is a very big black mark to have next to your name.
From what you have posted, it sounds like you simply ran away leaving debts.
That is also a very big black mark.

Whatever sob story you may have doesn't mean much to the situation.

Understood!


1) You say you bought the land the house was built on.
Yes, this is true. Me and my husband

2) How did you buy the land?
Cash and checks

3) Whose name/s were on the deed?
Before or after it was paid off?

4) Was money borrowed to buy the land?
No and Yes

5) Whose name was money borrowed on?
Mothers

Same with the house.
6) Who owned the house?
J. W. Mortgage

7) Who borrowed money?
Me and hubby

8) You say you occasionally fell behind on payments.
Were these ever negotiated with the lender or did you just miss a payment?

Yes they were. Payments late arriving to destination. Mailed off on time.


9) i.e did you let them know you might be late in paying?
No

10) Assuming that your name was used to borrow money, was it ever recorded that you defaulted on a payment?

On the credit report, no. In the mail billings, yes

11) What about other lending?
Please rephrese the question.

12) What is your personal credit history like?
Everything else paid off pretty much, except mecdical bills. Unsure of the score though.

13) What is your employment situation like?
Unemployed, mother, house wife


14) As someone said, if you were legally evicted then that is a very big black mark to have next to your name.

From what you have posted, it sounds like you simply ran away leaving debts. That is also a very big black mark.

6) Who owned the house?
J. W. Mortgage

.
These people?

http://www.ripoffreport.com/Builders-Contractors/JIM-WALTER-HOMES-AND/jim-walter-homes-and-jw-mortga-349A7.htm

Yep, that would be the one! I had no clue there was a Rip off report going on about it.

Y'know, I didn't actually expect an answer for the questions I posed.
I posted them merely because they are the things that anyone who you would look to lending you money would ask.

When it comes down to it, it is all about how much of a risk you would look to a lender, especially at a time when we are just about recovered from the last time people who shouldn't have been lent money, were.

As someone else said, despite all of that, it is always possible to find a way to get a mortgage and as long as you don't go way beyond your means, you should be fine.
After all, I managed to borrow £60,000 when I was an 18 year old unemployed student to buy a house for investment purposes.
Bare in mind that means I had no credit history at all back then, whereas you do (good or bad) so there is no reason unless your credit history is tarred beyond repair, that no one would lend to you.