Posted by PJ on October 30, 2009 at 11:19:29:
Hi everyone!
I need help and fast. Here's the deal:I leased a house for 4 years. During that time I have paid about $73k in monthly payments. On time payments.....every payment with a U.S. Postal Money Order...I have all m.o. receipts. Back in March I decided it was time to but the house. By the way...I live in the house. The owners gave me a contract to purchase the house. Well below what it is worth. From my purchase price there is about 85k additional equity in the house. The problem:
I have NOOOOOO Credit....my file in blank. I need to buy the house and FAST because now the owners want out and they want out fast. I was suppose to close on the house back in April, but can't get a loan. I don't know very much about finance so I am having trouble helping myself. None of the 73k is going towards the purchase price that is fine I just want the house. I am looking for someway to be able to close on this house within the next week. Before they sell it to someone else. Although they have been VERY nice and willing to wait on me they now need out.
I have heard about vested interest financing, but I have no clue about it. I would be willing to have someone else finance it for me and the do a contract for deed back to me or something... I don't know I just need help. Private financing would be great too..I think, but again I have no clue. I need to be able to cal them by Monday or this week end and let them be able to here from a lender who can really get this done for me. Please.....HELP!!!!! By the way the house is in Charlotte NC.. and it's and executive house,.... needs no work!