Posts Tagged ‘buying a home’

Work, work, work… with Rita Andreeva

May 8, 2012

Having Trouble Making Your Rent?  Buy a House!

What’s Rita up to now?  “I bid on a HUD house. The house is in Tacoma, and I won the bid. So what then? I guess I only won the bid because I was stupid. Now I’m supposed to buy it. So I guess I’m buying a house in Tacoma. The house is pretty cute, and it is supposedly cheap. Big yard, and two bedrooms upstairs and a room downstairs. I am thinking of making it a commune.”

Sounds good.  How do you arrange the financing?  “Oh yes, financing… Well, you get two bank accounts. You get some of those credit card offers with 0% interest for a year and deposit a few thousand into acct 1. Then you transfer it to bank 2. Then you use bank 2 acct for downpayment. All the loan officer asks is the statement showing where the money came from to bank 2. He hasn’t asked about bank 1.   And Hud usually pays all the closing costs.

I started a blog to help poor people to buy a house, lots is explained in it:  http://homebuyerwa.blogspot.com ”

Photo by Carl Nelson

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