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Carol L

Location: NJ US


As of mid-2010, a majority of would-be borrowers applying for mortgages today will not and cannot obtain approval. As a mortgage consultant since 2001, I witnessed the mortgage loan approval requirements go from needing a 500 score to qualify to needing a score of 640 or better. For those wanting a conventional mortgage, a 640 score might get an approval, but the interest rate would be very, very high. Besides credit score minimums, there are a boatload of other requirements that stop home buyers in their tracks. On the flip side, there are just as many homeowners who want to sell their homes but are unable to do so. Both ends are caught in a double whammy. The sellers are confronted with: 1. Buyers who can't qualify. 2. Homes that have negative equity. 3. Homes that need repairs. At Homes4Grabs.com, we are able to put these buyers and sellers together so that both parties are happy. All done WITHOUT a new mortgage. Are there some risks and downsides? Absolutely. Visit our website for more details. Some buyers and homes will not work with this method. This method of buying/selling homes has been done for countless years. But the current market suits this method better than ever because of low interest rates and lower property purchase prices/appraisals.