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Old 09-08-2015, 11:23 AM
 
22,012 posts, read 13,047,113 times
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Bad neighbors, but far from a "dog house." It's a wonderful house.
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Old 09-08-2015, 11:25 AM
 
16,709 posts, read 19,440,692 times
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Quote:
Originally Posted by otterhere View Post

Signed, "Too Dumb to Live"
No matter how desperate you are, you don't need a "buyer" that has no cash.
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Old 09-08-2015, 11:34 AM
 
22,012 posts, read 13,047,113 times
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If they get the loan (and all they need is $3k), I really don't care what happens after that; I'll be long gone, living my own life on my own savings. Can I not just give them that money or give it to their parents, whom I happen to know, to "gift" to them? And yes, it's FHA. Aren't there other loans that require no money down? Everybody and his cousin used to qualify for loans they couldn't pay for in the GOOD old days, not too long ago... Hence, my neighbors...
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Old 09-08-2015, 11:38 AM
 
Location: Berkeley Neighborhood, Denver, CO USA
17,717 posts, read 29,878,333 times
Reputation: 33327
Default Think and then think again

Never, ever let someone rush you into a decision that involves $1000s.

A face-to-face meeting was not necessary.
Hell, our sellers' agent only lived 5 blocks from us and we did everything electronically. And, she was and still is a friend of 30 years.
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Old 09-08-2015, 11:54 AM
 
22,012 posts, read 13,047,113 times
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On "House Hunters," the realtor can never bring an offer (or a counter, or a rejection) except in person. They always call and ask if it's okay to come over with some news. Maybe my realtor watches too much HGTV!
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Old 09-08-2015, 11:56 AM
 
Location: Salem, OR
15,589 posts, read 40,484,416 times
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Quote:
Originally Posted by otterhere View Post
On "House Hunters," the realtor can never bring an offer (or a counter or a rejection) except in person. They always call and ask if it's okay to come over with some news. Maybe my realtor watches too much HGTV!
It sounds like they wrote an offer before talking to a lender. There are community grant programs that have down payment assistance for people that qualify. I'd talk to a couple of local lenders and see what programs are in your area.
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Old 09-08-2015, 12:01 PM
 
22,012 posts, read 13,047,113 times
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Can I or can I not just give them that cash? By hook or by crook...

It's really not my job to spend my day researching local lenders; I'm not even getting a commission!
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Old 09-08-2015, 12:20 PM
 
8,579 posts, read 12,440,668 times
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Quote:
Originally Posted by otterhere View Post
It's really not my job to spend my day researching local lenders; I'm not even getting a commission!
And neither is your agent!
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Old 09-08-2015, 12:53 PM
 
Location: Salem, OR
15,589 posts, read 40,484,416 times
Reputation: 17502
Quote:
Originally Posted by otterhere View Post
Can I or can I not just give them that cash? By hook or by crook...

It's really not my job to spend my day researching local lenders; I'm not even getting a commission!
No. You can't gift it to them.
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Old 09-08-2015, 12:57 PM
 
22,012 posts, read 13,047,113 times
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Whose business is it where they get the money? This isn't Communist China (yet).
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