DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - How to get help if you are buying, or can’t sell, a home

**seatlyled** · 04-17-2009, 04:13 PM

This is nice for alot of people, but everything I've read what about those who bought a house after July 2006 until whenever they actually created the housing credit.

For instance I PCS'd to Keesler AFB in Dec 06, there was no family allowed unless you secured housing (KATRINA) so I felt forced to buy a house and now I have hope that it will sell next year when I PCS again.

Yep! this is what my CPT has told me. We bought our house Oct 06 and we qualify for nothing. But....aftertalking to the bank leasing it out is a good idea. The market on leasing has gone through the roof here because getting a loan is much more difficult so many can't get a loan and then there are those that don't want to buy and get into the same situaion we are in so the average lease is aroun 1200 a month. We desided even wih the potential weaar and tear, if we keep it for about 3-6 more years then we will get our money backout of it and can lease it for enough to cover repairs when neccessary. Not the ideal situaion but at least we don't have to go into forclosure.

04-17-2009, 04:13 PM	#9
seatlyled Join Date Oct 2005 Posts 476 Senior Member	This is nice for alot of people, but everything I've read what about those who bought a house after July 2006 until whenever they actually created the housing credit. For instance I PCS'd to Keesler AFB in Dec 06, there was no family allowed unless you secured housing (KATRINA) so I felt forced to buy a house and now I have hope that it will sell next year when I PCS again. Yep! this is what my CPT has told me. We bought our house Oct 06 and we qualify for nothing. But....aftertalking to the bank leasing it out is a good idea. The market on leasing has gone through the roof here because getting a loan is much more difficult so many can't get a loan and then there are those that don't want to buy and get into the same situaion we are in so the average lease is aroun 1200 a month. We desided even wih the potential weaar and tear, if we keep it for about 3-6 more years then we will get our money backout of it and can lease it for enough to cover repairs when neccessary. Not the ideal situaion but at least we don't have to go into forclosure.
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