i have started receiving 8 a month from social security disability. i am 43 and have no credit.
i will be receiving about 00 back check in a couple of weeks. i was hoping to be able to buy a HUD home. my research shows if i can get approved it would be for about a 000 home with about 0 a month payment. i have no monthly bills.
if i can get approved should i go this route? this is the one time in my life i will have the money for a down payment. should i go this route? i could also buy a 00 mobile home for cash and pay lot rent. please point me in the right direction.
thank you
i mean as a financial choice. is it a financialy excellent thought with the economy failing.
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Here is my recommendation: If you want to take advantage of the home buyer tax credit, which will expire at the end of April, you should not gamble on shortsales. Your best bet is buying a HUD home. Why? Because HUD homes have a bidding deadline and you will know if ... Another excellent choice is the regular, retail purchase from a home owner. You Columbus real estat agent should make sure that there are no contingencies in the contract, that are out of your control. ...