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is their any subprime mortgage lenders out there?

i realize the mortgage crunch that has been going on.. Is their any lender out there for subprime lending? their has to be.. we are in OHIO and we are looking for a mortgage lender.. We realize our PAST is hurting us.. and we see all these ads for mortgages stating.. we dont look at your PAST .... that is a LIE. tired of getting rejected! anyone out there that can help or know where we can go?
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July 15 2010 - East Liverpool
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Answers (2)

The new subprime lender will have to be an investor.

There are investors who will owner finance.

Contact a Realtor© near you for advice and possible investors.

Good Luck!

James Callas - Realtor®
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July 15 2010
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It may not seem helpful, definitely not what you want to hear, but look at what happened to all those folks who got shoehorned into subprimes in the past. There's a good reason why the subprime market got shut down, it turned out to be bad for everyone involved - even the lenders.

So, consider that the lenders got burned bad enough that they will no longer hand you the rope with the noose already made. Talk to a financial counselor and they can help you get your credit history/score in shape for you to move forward.

However, you can try posting your question under the "Mortgage" forum to get more input from lenders. That's where they're more likely to be lurking.
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July 15 2010
 
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