Before I would pick up magazines and start looking at houses regardless of my income, my employment record regardless of how much cash I am working with..

I would not assume anything..because I know guidelines have changed..

First things first, I would contact a mortgage professional that I trust and would find out what I qualify for in order to buy a home. 

Because if I don’t qualify..I’m not buying!

I would gather docs because I know you will need them…

I would start with the following items: 2 years tax returns, 3 months bank statements, 1 year’s worth of rent checks.

I would let my employer know I are buying a house and to expect a letter or phone call of employment verification. It may hold true for a landlord as well so prepare to discuss this with your landlord.

If you are in a lease read through your lease agreement and your lease there may be a chance you can break your lease if you purchase a home. If it is not clearly stated in your documents go to your landlord or property manager and ask what are the consequences in breaking the lease now may be the time to buy a home but it may also prove it’s not!

One thing I believe..you have a better chance in buying a home if you are prepared..if you do some homework in advance..and if you keep control in what is going on around you! Don’t be the buyer who said they did it to me!

That means trust the professional you are working with, plan on cooperation and make sure and make good sound decisions…understand the documents…read the fine print but most of all pay attention to the numbers…after all its You and only you paying for that mortgage!

These are things I would certainly do!

It would be my pleasure to help you!

Midori Miller is a licensed real estate associate with CENTURY 21 Sundance Realty, Real Estate Trainer and Broker Associate. If you are interested in a career in real estate please contact me!  All calls and inquiries are confidential.  CENTURY 21 Sundance Realty is located in Volusia County with 2 office locations to better serve the public.  Daytona Beach and Ormond by the Sea.   midorimiller@yahoo.com (386) 453-3236

Century Village Condo’s for sale-Deerfield Beach FL

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I am a wife, mother, tax payer and concerned citizen..working on commission.  There is a good chance I might have to work a second job.  In Daytona Beach there were only 339 closed transactions for the month of May..I wonder just how many were short sales and foreclosures…with over 1200 REALTORS…there are those that will go hungry or work harder and work a second job and more than likely take a job away from sole provider…or a minimum wage earner.  

I’ve never worked harder in my life to produce a dollar…to feed my family…to maintain…to live.    I am not here to gripe and am willing to work hard but I would like my voice heard as I experience everyday first hand the trauma…the shame…and the unknown of those suffering financially…with job loss…with a sick loved one..experiencing a short sale or losing the roof over their head.

Bad credit won’t help them…because a bank won’t help them. You feel that by loaning $689.8 billion to 592 institutions..this will help..but where exactly is this money going but more importantly how are these funds being used to benefit the economy..to help the people?  

I have tried to work with people who attempted to get loan modifications but because they are late or have a type of loan that no longer exists today…they do not qualify!  They feel powerless…some are hungry and some on their way to be homeless.but as a REALTOR I can only do so much but the government can do more.

The last short sale I did took months to process and the one before we had to threaten to call CNN.  If banks would streamline their process..would be more efficient it seems to me they lack concern because the government stepped in. When these same bailout recipients do not abide by their own policies…do not follow their own time lines and at the end reduced my pay drastically.  

My brother is a perfect example perfect credit worked hard all his life…then several tragic things happened to him beyond his control…several hurricanes in a span of 5 years which destroyed his house and the insurance company didn’t cover a third of the cost.  His wife got sick and even with insurance the medication is through the roof. She has applied for disability but a lawyer will be needed..and where is he supposed to get these funds?  His wife was denied…and its clear she can no longer work…but the red tape..and time it takes to process disability has taken a toll on his wallet. 

My brother tried everything he could to stay current but slowly started feeling the choke…so he worked a side job to stay current on his mortgage..2 jobs, a sick wife and repairing his home..he didn’t want to walk away but if he continued the route he was going …it would have killed him…he got sick himself and the best thing for him was to move.

He found a perfect solution and kept his mortgage current and decided to rent his house and relocate to Alabama..little did he know after being in Alabama for 3 months he would not be working today. The tenant that was supposed to move into his house…never moved in…because they were unemployed and are still unemployed today.  Now the house sits because he can’t get a loan modification and he can’t pay his bills.  Sucks for him and his wife..my family and his neighbors.  Everyone suffers..everyone pays!

What about the people who can’t keep food on their table?  Or lost their jobs? These are the people I am talking about…not the frivolous..but the sick…the unemployed. the minimum wage earners and the uneducated.  We as a country must invest in people rather than establishments because Establishments change and establishments go under.  We can survive as a society without establishments but people should matter first and foremost… we need people as a society!

When I think there are people out there trying to survive on minimum wage or one salary..how can the U.S. government feel good about lending this ridiculous amount of money to Establishments.  As wages should increase every year one thing is guaranteed we as the taxpayer will be paying more taxes every single year and probably the rest of our lives.  For some employees they have taken pay cuts..lost benefits and will not see a pay increase for a very long time.

We say retirement age is 65 but really truly do you think people will and can actually retire and will they have enough money to live?  Please no more bailouts to establishments…its we the people and not establishments…remember….. we the people put their faith in you..all of you! 

Sincerely,

Midori Miller

Bailout the People and not Establishments!

President Obama is committed to creating the most open and accessible administration in American history.