Tuesday, June 30, 2009
Like most things in Virginia City Jim Garner and his home have little stories to tell.
Like the couple who lived there for years, "You continually heard them yelling and hollering at one another."
"There was a man by the name of Varga," the fellow citizen who brought dynamite home. "The dynamite happening sweating and it blew up."
In the 30 years he's owned it, Jim Garner's done his finest to learn this house's story, protect it and add to it. He's regarding to add on to its story in a big way.
Jim wants back surgery. Because it's a rental property he determined to let the 900 square foot home go. But instead of selling it to the maximum bidder Jim's going to raffle it off for $25 per ticket.
"If you're able to buy now one ticket, now you have a chance. And it's not 1-million to one," because Jim adds, he's only selling 17,000 tickets.
He says that will make be sufficient to pay for his surgery. But not so many that people don't have a polite shot.
Because that's what it's concerning - Jim giving a home to someone who can't afford paying much more than $25. "It's like you've made a distinction while you've been here, that's what I'm doing."
The raffle will be held September 5th. For more information call 775-846-5619.
Like the couple who lived there for years, "You continually heard them yelling and hollering at one another."
"There was a man by the name of Varga," the fellow citizen who brought dynamite home. "The dynamite happening sweating and it blew up."
In the 30 years he's owned it, Jim Garner's done his finest to learn this house's story, protect it and add to it. He's regarding to add on to its story in a big way.
Jim wants back surgery. Because it's a rental property he determined to let the 900 square foot home go. But instead of selling it to the maximum bidder Jim's going to raffle it off for $25 per ticket.
"If you're able to buy now one ticket, now you have a chance. And it's not 1-million to one," because Jim adds, he's only selling 17,000 tickets.
He says that will make be sufficient to pay for his surgery. But not so many that people don't have a polite shot.
Because that's what it's concerning - Jim giving a home to someone who can't afford paying much more than $25. "It's like you've made a distinction while you've been here, that's what I'm doing."
The raffle will be held September 5th. For more information call 775-846-5619.
posted by nisha
@ 1:52 AM
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Monday, June 22, 2009
House Foreclosure is a painful, emotional and life changing event. Home foreclosure can be emotionally charged with feelings ranging from pain to anger and guilt. In addition to the emotional hardships foreclosure brings questions concerning where to go financially. With over one million homes currently in foreclosure many people diagonally the nation are feeling the same as homeowners here in Columbus.
Allow yourself to grieve but don't pass blame
The first priority after a home foreclosure is addressing the emotional effects
Talk to children about what is happening
Reassure children that the family will be all right and that it wasn't their fault. Children feel a numerous of emotions.
Find a pastor, friend or councilor to speak to
If the feelings are too much to deal with alone don't be scared to speak with someone. Talking openly about feelings will help the curative process.
Make a plan to build a positive credit history.
If the house stop foreclosure is part of a bankruptcy this pace is even more important.
Review credit reports
Pull credit reports for homes from all three of the major credit bureaus around four months from the time the foreclosure is settled in the courts and review these reports annually.
Pay bills of time
This will result the purchase of another home. Having a positive rental history will let banks know that you have pulled your finances mutually.
Reestablish lines of credit
It seems absurd to say that you require debt to rebuild credit but it’s true. If the foreclosure was division of a bankruptcy this is even more important.
Create a budget
Record every home purchase and bill paid in a thirty day period. It may seem like insurances like life insurance or renters insurance are not provisions but they are. Maintain your insurance but look for discounts, like bundling them all mutually with one company.
Speak with a mortgage broker
Many mortgage brokers are more than happy to sit down with someone and converse about where they are and what they require to do for a future home purchase. They can help by outlining the steps needed to get approved. FHA requires a minimum of three years from the time of foreclosure before a borrower can apply for another loan. After 3 years a borrower is also considered a first time home buyer and can qualify for many state specific programs and tax credits.
Allow yourself to grieve but don't pass blame
The first priority after a home foreclosure is addressing the emotional effects
Talk to children about what is happening
Reassure children that the family will be all right and that it wasn't their fault. Children feel a numerous of emotions.
Find a pastor, friend or councilor to speak to
If the feelings are too much to deal with alone don't be scared to speak with someone. Talking openly about feelings will help the curative process.
Make a plan to build a positive credit history.
If the house stop foreclosure is part of a bankruptcy this pace is even more important.
Review credit reports
Pull credit reports for homes from all three of the major credit bureaus around four months from the time the foreclosure is settled in the courts and review these reports annually.
Pay bills of time
This will result the purchase of another home. Having a positive rental history will let banks know that you have pulled your finances mutually.
Reestablish lines of credit
It seems absurd to say that you require debt to rebuild credit but it’s true. If the foreclosure was division of a bankruptcy this is even more important.
Create a budget
Record every home purchase and bill paid in a thirty day period. It may seem like insurances like life insurance or renters insurance are not provisions but they are. Maintain your insurance but look for discounts, like bundling them all mutually with one company.
Speak with a mortgage broker
Many mortgage brokers are more than happy to sit down with someone and converse about where they are and what they require to do for a future home purchase. They can help by outlining the steps needed to get approved. FHA requires a minimum of three years from the time of foreclosure before a borrower can apply for another loan. After 3 years a borrower is also considered a first time home buyer and can qualify for many state specific programs and tax credits.
posted by nisha
@ 9:41 PM
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