251 replies to this topic

[DoctorShumway]

this thread is so white

Oh so home ownership is only for WHITE people now? Whattaracist, amirite!?

Saw two houses today in our price range. Total pieces of shit. We're screwed.

[DoctorShumway]

Well thanks for the advice everyone. Unfortunately, this whole thing isn't going to work out. Everything decent is out of our price range and it's a tall order to move and set settled before the baby comes. Time to suck it up and move in with my dad (who offered yesterday to put us up until we have a proper down payment). While it's the most fiscally responsible thing to do, it's demoralizing.

[Jacki O.]

bummers, but it will work out! now you'll have extra help when the baby comes!

[mig50]

bummers, but it will work out! now you'll have extra help when the baby comes!

this is the first thing i thought as well. chin up, shums! this is probably the best possible move you could make at this point - rushing into a home you may not be 100% satisfied with would be a much bigger pain in the ass than sharing scotch with your dad for a few months.

[Mary]

When the conditions are more ripe I still think it's a great idea -- maybe this is really obvious, but a lot of us will never have the discipline and/or the $ to make serious investments in anything else for the future. If you buy a house, at least there's that money that didn't go down the toilet to the landlord and you'll have something later instead of nothing.

[The Real Jeffrey Lebowski]

Has anyone had any experience with buying a Fannie Mae property/using Fannie May financing?

[glitterbot]

to anyone looking at buying a home, i totally recommend Pillar to Post home inspections. they are a franchise so they are all over the country. that is who we used and they were incredibly thorough. took over 4 hours and we received a huge 40 page binder filled with info that he printed out on site, including pics. they covered everything, major to minor, down to things like "there is no door stopper behind the bathroom door in the master bath."

[Jacki O.]

Has anyone had any experience with buying a Fannie Mae property/using Fannie May financing?

no but there's a house next to mine on sale from Fannie Mae, you should buy it!!!

[Rial]

when getting a home inspection, and I am not sure if trees are covered under home inspection, make them look at the state of your humongous pine tree, because that shit is not cheap to remove and is going to totally change the landscape/feel of your yard and I am angry that it is dead from some weird tree disease and.....

[The Real Jeffrey Lebowski]

Has anyone had any experience with buying a Fannie Mae property/using Fannie May financing?

no but there's a house next to mine on sale from Fannie Mae, you should buy it!!!

I don't think I could afford your neighborhood

There's a townhome/condo I've had a boner for since last year. It dropped to a ludicrous low figure before going off the market. Just within the last couple weeks, it's back on the market (I think it was all a matter of going from short sale to foreclosed). The problem is, it's not an FHA approved complex, so I was going to need a conventional loan (20%-ish down). *However*, now it has a note about being a Fannie Mae property. After doing a little bit of reading, it sounds as though you can do a Fannie Mae with 3% down, but I don't really know anything about it. I've got a question out to my realtor friend to see what she says about it...

I don't know if I'll able to secure financing before it gets bought (for reals this time), but I'm trying desperately.

If I can get this place, I will cry and cry and cry.

To borrow a phrase, it's totally HOT TITS...

[fatguyaz]

to anyone looking at buying a home, i totally recommend Pillar to Post home inspections. they are a franchise so they are all over the country. that is who we used and they were incredibly thorough. took over 4 hours and we received a huge 40 page binder filled with info that he printed out on site, including pics. they covered everything, major to minor, down to things like "there is no door stopper behind the bathroom door in the master bath."

No door stopper?! You didn't buy that lemon, did you?!

[The Real Jeffrey Lebowski]

Has anyone had any experience with buying a Fannie Mae property/using Fannie May financing?

Just to provide closure in case anyone else has this question in the future:

Being a Fannie Mae property only speaks to who owns it - not any type of additional method of finaning (as their website led me to believe). It's the same old Conventional vs. FHA (vs. etc.) type of loans needed.

The end.

[Tony]

Has anyone had any experience with buying a Fannie Mae property/using Fannie May financing?

Just to provide closure in case anyone else has this question in the future:

Being a Fannie Mae property only speaks to who owns it - not any type of additional method of finaning (as their website led me to believe). It's the same old Conventional vs. FHA (vs. etc.) type of loans needed.

The end.

so why disclose it? is it supposed to be a red flag or something?