Dear Terese,
I don’t have the best credit, and I’m not sure I could qualify to buy a house. Would you work with me to find a home?
Poppy
Dear Poppy,
Just because you have a less than perfect credit report does not mean you cannot purchase a home! There are several options you can consider. First, contact a local lender. They can work with you to review your credit report and determine if you can repair your credit and increase your FICO score. I would refer you to a local lender. If you decide to work with a credit repair company, be sure to check with the local Better Business Bureau to make sure you working with a reputable firm. A recent study from the US Public Interest Research Group has documented that a staggering 79% of all credit reports do not meet full legal compliance. This means most negatives can be removed from the credit report because of improper or inaccurate filing. Be proactive and meet with someone who has the ability to help you possibly delete different types of credit delinquencies: tax liens, judgments, repos, foreclosures, evictions, charge offs, medical bills, late payments, bankruptcies, or other items. Also, discuss with the lender if there are programs available for your situation. Some loan programs require high credit scores, others can work with lower credit scores – but expect to pay for the privilege in the way of higher interest rates or private mortgage insurance fees.
Dear Terese,
Is it a RESPA violation to indicate a title company in the MLS?
Ray
