I'm hoping that I can stop by tomorrow and make an offer.

Here are the factors:(1) house probably not worth much more than the first note and possibly, part of the second (with interest, penalties, attorney's fees, etc.)(2) house is occupied, not by the owner, but by a "tenant" who has not paid rent for a year; but has put about $50,000 of improvements into the house (he originally had a contract for sale with the owners)(3) wife (house is co-owned with husband she is divorcing) has filed for reinstatement of bankruptcy (her first petition was dismissed) and we won't know until we get to the courthouse if the petition is reinstated(4) there is an IRS lien on the husband which has been filed on the houseFurther facts and questions: (1) will reinstatement of the wife's bankruptcy stop the foreclosure?

That is how you arrive at the 1.5% - 2% rates.In America the Federal Reserve controls inflation by raising or lowering the borrowing rate.

The recent loose lending habits allowed many owners to borrow up to 100% and some allowed the closing costs to be rolled into the loans!

The monthly payments depend on how much you borrowed, interest rate, terms, etc.

However, I have been told it refers to when a property is going to the foreclosure auction only to be bought before that happens, essentially stopping short of the foreclosure process.

Caveat: Going the HELOC approach makes sense if you are borrowing money from yourself on the short term; if you intend to rent and refinance, my concerns are moot.

i just a few minutes and wanted to stop by to say hello.new_man

Just do the actions it takes to buy and stop thinking so much and over analyzing everything.

So, at a price of $360,000 and a 20% downpayment, you would be borrowing $288.000.