A little advice for someone who has seen down tight markets before. Cash is king. If you can bring a far bit of cash, say over 10% down or better yet over 20% they are more likely to be forgiving on a few nicks on your credit.
This article is about foreclosures.
I'm living in a rather large house with acreage--A FORECLOSURE--no mortgage, no payments, just taxes and insurance.
So, instead of fear stories on the eeeeeeeeevil America, go out and take advantage of the opportunities I sacrificed for you to have.
Very true. At least 10% down and most people who can verify income at at least have a half-a$$ed record of paying their bills can get a mortgage.