February 20, 2010
Foreclosures – water under the bridge!
Everybody knows somebody that has gotten into a pickle because of the economy these days, so it is not the shameful scarlet letter it once was. Bad things happen to good people, and it is just water under the bridge!
With that approach in mind, we do have some owners that are willing to consider some folks with less than stellar credit for lease with options and land contracts. You still have to show you are working, have money down, provide favorable references, and be able to demonstrate that you are worth taking a chance on with your overall credit history.
The first step is to talk to a lender. You will need to know how far away you are from being able to be a home owner down the road in order to negotiate realistic terms of a lease with option or land contract opportunity. The financial specialist you are consulting with should be able to council you on how to get your credit score into a more favorable range in the shortest period of time. Be aware – the path to reestablish credit requires going on a financial diet and sticking to it!
I am one of several agents within Keefe that specializes in lease with options and land contract opportunities in Walworth County. Feel free to call and chat, and together we can bridge the past into a brighter future.
Posted by:
Stacey Schultz
Tagged With:
foreclosures,
keefe,
lease,
lease options with land,
stacey schultz
and walworth county
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Travis Egan said,
February 20th, 2010 at 07:23 PM
Stacey, Unfortunately, bad things do happen to good people all the time. A foreclosure doesn't mean the end of the world for someone, but they really should have a plan afterward. there things people could start doing right away to make themselves ready to purchase when they become eligible again. Good planning as is the case in almost everything is the key. Travis Egan Walworth State Bank