Expert, localized Los Angeles answers provided by Heather Roy

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He Has Bad Credit

  my sister wants to sell her home. I have bad credit. Is there any way I can buy this home from her?
 
  The only way I can think of is if your sister is willing to finance your purchase, letting you pay for the place on a sort of installment plan.  If you have bad credit, that would represent quite a risk for her.
I don't know how bad your credit is.  Have you talked with a mortgage broker?  Perhaps things aren't as bad as you think and there's some mortgage program you could qualify for.  It doesn't hurt to find out.
    Edith
Originally published on October 3, 2007
 
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