I have had this happen. Sometimes the seller is just trying to prolong the foreclosure by offering it for sale with no intent to sell. You cant do anything without them signing the contract it is still technically theirs.Why the realtor keeps the listing is a head scratcher.
This worries me. Is your divorce settled? your retirement is protected.Please, just work on selling the house quickly, get that price down and get on with your life. Taking that money out of your retirement account and paying it back sounds good, but if it is not back in a timely manner you will have a large taxable consequence. Plus the other property could become an asset to deal with in the divorce.Get agressive with the price of your home together and move on down the road, you both will benefit from a quick sale.Good Luck.
Try having a person that has exemplary credit add a credit card to their account in your name. That has in the past given a boost to a person with poor credit. This piggy backs on their credit and boosts your credit.
You have got to get that credit score up. You need at least 24 months of good paying credit to be looked at by the lenders.Why FHA? Do you have a lack of cash for down payment?Have a Lender look at your personal situation and establish a plan for you so you have a goal where you need to be to qualify.That's a start, everybody's in the same boat, don't worry, just develop a plan and keep to it.
Reduce the price...... and have a realtors open house/ fish fry.That view is to die for, barrow/rent some Adirondack chairs for those realtors to soak in that view and push that home.
Bless your heart, I hope everything went OK with the sale and purchase of your property. Please let us know?
SELL,SELL,SELLThis is not the home you want in your real estate portfolio.You have already tasted the problems with having tenants. Do yourself a favor and eliminate this debt. It is not making you any money and costing you time and effort. Put it on the market and price it to sell quick, do not look at what you have put into it, that is a big mistake. Look at how you can get out of it without it costing you any more.Good Luck.
Contract for deed went out with the 80's. Then the only folks doing it were developers who owned the property out right. Nick Socha here is soooo right. run away from that dude.Is your loan assumable with qualifying? What about a short sale? What about taking a small note from the bank for the difference and sell it.You have other options.Good Luck.
Bless your heart Shirley, you are one sweet lady. But you have lost control, once you let the first partial payment happen.Please sell it to your neighbor and take that cash and put it into an annuity or something that you dont have to manage.Then if you would like to help this nice family from time to time you can.Be their friend, not their landlord.
Yikes! I would not go down that road, renting it. You are just asking for potential trouble for the few dollars that it might bring the estate.SELL_SELL_SELLThen all of you are able to go your seperate ways still a good family.