At I-Can-Buy.com we believe that information should be available to anyone who wants and needs it, so we are trying out something new for a limited time.  We are offering this valuable information FREE on this website, in a format that is supported by advertising, instead of selling this valuable e-book.  We think this is a great idea and we hope you do too.

Here is The Introduction and Chapter 1 of our FREE Online ebook. To get a free pdf download of this book, Click Here.





Introduction: You can do it!

It is possible to buy a house, even if you don’t have perfect credit or a huge salary. Don’t listen to the others who have told you that you’ll never be able to buy. There are many options available to you. Not all of them will be for you, but one of them may be just right for you now. Maybe one will be right for you later. But don’t give up. Keep a positive attitude and keep trying.

I’ve written this book to give you hope and get your creative ideas flowing. If you can’t get a conventional loan, you will need to get creative. And I have some creative ideas for you to consider.

There are also many different nonprofit and community organizations that you can go to for help. This is a great time to get into a home of your own. It has never been easier. Mary and Jake were told by a real estate agent and mortgage broker that it would take them 5 years or more to clear up their bad credit report enough to be able to buy a house. But, by using one of the methods in this book, they were able to buy a house within 3 months of talking to the real estate agent.

And what is amazing is that once you have a house, your credit gets better! You are making regular payments and you now have equity in a house instead of rent. Next time you buy, if you decide to sell your home, it will be even easier.

It is possible for anyone to do. Some of these ideas are secrets that investors have been using to get rich for years. But why should the rich and the investors know all the secrets. I wanted to make some of these creative ideas available to anyone who wants and needs to get out of the rent trap and into a home of their own.

I've watched countless others get into houses when they had bad credit. AndI know how it works from personal experience because my husband and I have been where you are. We never thought we’d be able to get our own home, but we did it! And you can too! So, let’s get started.



Chapter 1: Fixing the Problem


Defining the Problem

Before we get you into your own home, first we have to ask, why you are having credit problems? Poor credit is nothing to be ashamed of.  It is far more common than you may realize.  Often it may not even be your fault,like Gerald and Lisa.

They invested five years and all they money they saved to start a small sign company. Then one summer someone broke into their business office and stole all the computers and expensive sign-making equipment. Unfortunately they did not have any insurance to cover what was stolen, so they had to takeout loans to replace the items so they could stay in business. It took them years to recover financially from that, leaving them with bad credit.

On the other hand, like Paul, some people make poor credit decisions. After Paul got his first card, shortly after graduating from college, he suddenly became flooded with offers for more credit, which he promptly took up.  He wanted to show everyone that he was a success at his new career as a sales manager, so he filled up all his credit cards. Then he began the juggling game of  “robbing Peter to pay Paul,” which only got him deeper in debt. He took out a consolidation loan to pay off all the cards and put the debts in one big payment, but the temptation of all the empty cards was too much for him and he filled them all back up again. He finally had to declare bankruptcy because he was so deep in debt it was beyond what he could ever pay off.

So, take a good look at what is going on in your life. Why do you have credit problems? Are you in debt because of circumstances beyond your control or is it a chronic situation?  Are you still getting deeper into debt or are you fixing the problem?  There is no point in getting a home of your own if you will just end up losing it.



Solving the Problem


The first step in getting a home is fixing any money problems you may have.



There are many sources of help available.

For help clearing up credit and getting debt under control, see Consumer Credit Counseling Service at http://www.cccsintl.org. They provide budget counseling, educational programs, debt management assistance and housing counseling. There are also many local branches of this nonprofit organization. There may be one where you live.

Beware of some “for profit” organizations that will help you consolidate debts.  Often they are very costly. Why go to them when you can get free reliable help from a respected non-profit organization like Consumer Credit Counseling Service?

Some other places to go online for more credit advice and help are listed on our Resources Page.





Buying a Home When You Have Bad Credit is written by Alexis Dey, Copyright © 2005-2006 Mohave Publishing. All rights reserved. This book is protected by international copyright law. You may not otherwise resell, reproduce, distribute, publicly perform, publicly display, or create derivative works of this material, unless authorized by Mohave Publishing.  http://I-Can-Buy.com