Wednesday, January 02, 2008

When procrastinating...

Try to determine the lowest median house price of place you have visited (in the US). So far it is Greenville, Mississippi, where it is about $55,000. The town I grew up in, La Crosse, WI, is double that at $110,000.

1 comment:

davelindahl said...

David lindahl scam reports that the most common way to buy a property with no money down is to use owner financing. This occurs when the current owner agrees to finance either all or some part of the purchase price, instead of getting the cash now.
You’ll be surprised how many people own their properties free and clear, and are willing to finance the entire amount or a good portion of the mortgage. Usually, though, you will be getting secondary financing from the owner. That means you will get the majority of the money from another source, like a bank, and the seller will give you the rest in the form of a second mortgage.