Profile picture for azuseth

I want to buy a second home. credit score is in the 800s & my house is paid for. report about 18000y

its for my son he makes good money but went into bankruptcy a few months ago. he makes well over 60,000 a year. is there any way we can go about this??
  • January 09 2009 - Woodland Hills
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Answers (6)

There are many ways you can go about to purchase a home even with bad credit.
You know how much your son want to purchase his home for?
How much money he has to put as a down payment?

You can look at homes in that area for free, just go to: www.homesinsale.listingbook.com
You can view all the inventory that is available on the market 100% free.

Good Luck
  • July 20 2009
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Profile picture for jeffeller
Yes.  There are people who can help you get past a bad credit score when you make a good salary.  I reccomend you start by going to the Taylor Morrison website at http://dreambig.taylormorrison.com/?utm_source=bc 
  • January 11 2009
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Sorry to hear that your son is having difficulties.  60k a year is decent money but in Calif the cost of living will eat that up in a hurry.  Not to mention that health insurance for a family can eat up $1,000 a month easily.  Sure you can buy another house for him to live in and if you do consider making it an investment property for you and rent it to him.  I hope things get better for you and him.  Good Luck

  • January 09 2009
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Nobody files bankruptcy because someone fraudelently used their social. After bankruptcy, credits can't harrass your son, this is by law. I do not believe you are being told the truth about any of these matters, as these facts are too inconsistant one with the other.

Why didn't your son have insurance for his child, if he makes 60k a year? That is completely irresponsible.

A son who has a good salary, and a family should be a man and make responsible decisions to care for/shelter his family. This may or may not mean buying a home now.

Cut the apron strings.
  • January 09 2009
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Profile picture for azuseth
I'm helping them out because he has a family. Just had his credit screwed by someone using his social. The government has been no help and creditors harrassing him. He also had medical bills that were brought up from his child being hospitalized and having no insurance. I'm not solving his problems just helping them out
  • January 09 2009
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well, why would you buy your son a home? according to you, he makes three times as much as you, and yet managed to go bankrupt?

If your son makes 60K a year, it is time for him to grow up and be a man, not have a parent buying him a home. He needs to straighten out his own credit, and do things for himself, you are not helping him to try to solve all of his problems for him.
  • January 09 2009
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