April 30, 2007

Buy A Condo With A 480 Score?

Filed under: Credit Repair,Credit Scores,FICO,Mortgage,Real Estate

I have a credit score of 480. I found a great deal on a condo for about 57000.  I have a great job and am working to rebuild my credit but want to  move on this oppurtunity. I have nobody to cosign for me. Is there any chance I can get a mortage or should I give up?

Charity

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Hi Charity,

Two words: Lease/Purchase

Thanks for the questions and YES, you CAN buy real estate in this market.

Paul

P.S. Two more words: Cancelled checks

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