I recently got a line of credit for 90K on the equity in my home.

Can't honestly say that I've studied any of the material as of late.Anyway, I have about 110K in equity in my house, just secured a line of credit for 90K and I have a credit score between 710 and 800.I have a GREAT handyman/carpenter lined up and he has an outstanding work ethic.

Luckily, you also have the option to dispute with you credit card company, which is why I always pay with credit card whenever possible.

I have do not have unlimited resources, my main problem is lack of credit, and limited down payment.

I paid off one of my loan that had a high intrest rate. how long dose it take to come off my credit report?

I don't want to put this new construction in my name and would like to pre-sell the house to be built...and use the new buyer's credit and money.

The best one is "making Big Money Investing in Foreclosures withour Cash or Credit" I saw it for 10.57 used on Amazon.com, after I had paid around $25 for it at Borders!

I was given the idea of selling the home to a trusted friend or relative, for a temporary period of say two years with the idea of buying the home back once our credit and financial situation is better.

Also my credit score is quite low around 500.

Anyway, after the criminal background check, do a credit check and check their employment, rental history, and references.