gc_lee2004 asked:


This is my dilemna…..I purchase a home at a foreclosure auction. The home is still occupied by the previous owner. My mortgage company (Merrill Lynch) will only give me a loan on the property if they can get a full appraisal of the property. Of course, the previous owner wont let me inside the property to appraise it because they just lost their house through foreclosure. It will be my responsibility to evict the person once I pay for the house but I can’t even start the eviction process until I actually own the house.

I need to know is there a loan company out there that will give me a loan for $215k without having a full appraisal. My credit scores are in the high 700s so credit isnt a problem. I can only afford to put 10% down on the property maybe a little more.

Alba

Mandy asked:


what exactly is a short sale? how does it affect my credit? will it show the mortgage paid in full? or will show as a foreclosure?

Debbra

Dianahu_98 asked:


I don’t want to be hounded by people wanting me to sign up for their foreclosure listings. I am not a real estate agent. Am interested in SW New Mexico, SE Arizona, NE Arizona mostly.

Maxine

kidpoker2323 asked:


I understand the economy is in a downfall, and our dollar is weak

but how long do you think itll take for jobs to come back, our dollar to become equal or close to the euro and foreclosure rates go down?

Corie