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How can you purchase a home after paying off all of your old charge offs 3-4 years ago you now have no outstanding debt?
Wiki User
∙ 16y ago
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Brielle Cruickshank
Wiki User
∙ 16y agoThere are many other factors to purchasing a home than credit e.g. Credit Score, Income, Debt Ratio, and Capacity to repay...
There are many mortgage programs some are credit score driven and others that may be driven by your income and capacity to repay. Paying off your debts is good but could have an adverse effect on your present credit score especially if they were older than two years. It would have been best to pay off those debts in escrow at closing of your mortgage loans. Because of all the problems within the mortgage industry, there are limited programs and it may be difficult to get a mortgage unless you have a good down payment and good credit. Source: Phil Turner's Credit Bible.
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They will charge interest per month. They will eventually take the house and sell it. http://www.legalzoom.com/taxes/personal-taxes/what-are-penalties
Can a buy here pay here car dealer charge you interest?
This is on a car, and you are not paying the balance of the price of the car in full, then yes. You are buying on installments. It is common financial practice and has been for about the past three thousand years to charge interest. Legal, ethically, and morally they can charge you interest. Where it becomes still legal but less ethical or moral is the amount of interest they charge you.
An owner died 20 years ago and the taxes on the property are currently being paid by a bank so how can you purchase the house?
If the taxes are being paid by a bank there must be an outstanding mortgage. You should contact an attorney who specializes in real estate and ask that they arrange to have the title examined. That will disclose any outstanding liens and the name of the bank that holds the mortgage. You can make an offer to purchase through your attorney.It would be misguided to attempt to purchase the property on your own without legal representation and a title examination.If the taxes are being paid by a bank there must be an outstanding mortgage. You should contact an attorney who specializes in real estate and ask that they arrange to have the title examined. That will disclose any outstanding liens and the name of the bank that holds the mortgage. You can make an offer to purchase through your attorney.It would be misguided to attempt to purchase the property on your own without legal representation and a title examination.If the taxes are being paid by a bank there must be an outstanding mortgage. You should contact an attorney who specializes in real estate and ask that they arrange to have the title examined. That will disclose any outstanding liens and the name of the bank that holds the mortgage. You can make an offer to purchase through your attorney.It would be misguided to attempt to purchase the property on your own without legal representation and a title examination.If the taxes are being paid by a bank there must be an outstanding mortgage. You should contact an attorney who specializes in real estate and ask that they arrange to have the title examined. That will disclose any outstanding liens and the name of the bank that holds the mortgage. You can make an offer to purchase through your attorney.It would be misguided to attempt to purchase the property on your own without legal representation and a title examination.
How can you get a loan with a charge-off on your credit report?
An FHA loan would require that any outstanding collection accounts, judgment[s] and charge-offs be paid off in full before closhing your loan but not necessarily before approving your loan. The lender will look mostly at the last two years of your credit history.
Will making a payment arrangement or paying off 15 old charge-offs be worth it if you want to finance a car or buy a car in another two years?
yes , you need to build your credit. the charge offs will stay on your credit score for 10 years or more and you will never get a loan. or improve your credit, pay them off. continue paying your bills on time,save money.go to your bank and get a secured credit card,best way to build your credit back up.
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Yes, you do.
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3 years
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If a child under the age of five is riding on a Reading bus with an adult fare paying customer, and they do not take up a seat, there is no charge for the child.
Why are you still paying them?
Why are we paying all these countarys and taking money away from our own military and disabled vets .why are we paying for japan after all these years and they started the war
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You can't purchase a woman. Unfortunately, women have fought many years for equal rights and it looks like they're winning
How soon can you purchase a home after a forclosure?
There are lenders out there that will do a mortgage one day after forclosure. But if it is under 3 years you will have to get a sub-prime loan which has higher rates than a regular loan. If it is has been 3 years and you have been paying all you bills on time you shouldn't have a problem getting a loan. Yes 3 years is the magical number for foreclosures but keep in mind that you still have to rebuild your credit. There are minimum fico score requirements to purchase a property.
What individuals was not an outstanding American leader during the nation war years?
you probably should provide "the following"...
