I want to live in Detroit where the real estate is cheap and work for a New York company to support myself. However, I was warned about upside-down the mortgages.What is the best way to avoid getting caught in an upside-down mortgage?

Are note buyers carrying around gobs of cash? I can’t find this answer anywhere. Your giving the note holder cash in exchange for the monthly payments, but that’s a lot of cash so how do they finance it? Specifically how are you going to get your first deal, I’m considering starting a business like this in the future, but in doing some basic research I hit a wall with this question

I want to live in Detroit where the real estate is cheap and work for a New York company to support myself. However, I was warned about upside-down the mortgages.What is the best way to avoid getting caught in an upside-down mortgage?

this will be my first home purchase, the home is only 27,400 i don’t want it to get away from me i plan to put down 10-20% i tried wells fargo they told me that the amount was too little for them to finance for a traditional mortgage, but they could do a home equity loan of 9.25%… (really) they said this was a federal law (not the 9.25%) but the amount of the loan being too low (?). I bank with the credit union they will not give me a loan because the house in a different state than which I live…..HELP

I want to live in Detroit where the real estate is cheap and work for a New York company to support myself. However, I was warned about upside-down the mortgages.What is the best way to avoid getting caught in an upside-down mortgage?

I want to live in Detroit where the real estate is cheap and work for a New York company to support myself. However, I was warned about upside-down the mortgages.What is the best way to avoid getting caught in an upside-down mortgage?

Is this possible? Any chances? Help i dont wanna move out!!!!

my loan officer told me that she needed my landlords number so she could give it to the underwritters
the thing is i have been late alot on my rent i never got behind but i have been late i know these can possibly hurt me or can it
also i was wondering if i could possibly give them my Uncles number to represent as my landlord to speak highly of me
if my actually landlord gets contacted he possibly will tell them that iam late alot
what can i do im tired of renting in the only thing that stands in my way is my landlord in what he says im thinking of giving the my Uncles number in tell him to play my landlord is that a good idea
please help
i didnt know that was fraud and another thing i was late but never behind wouldnt someone rather be late then behind
also im thinking about letting my landlord know and maybe he would help me is that a good idea or do you think he would tell them the truth just to keep me n his rent house to pay him

I want to live in Detroit where the real estate is cheap and work for a New York company to support myself. However, I was warned about upside-down the mortgages.What is the best way to avoid getting caught in an upside-down mortgage?

I want to live in Detroit where the real estate is cheap and work for a New York company to support myself. However, I was warned about upside-down the mortgages.What is the best way to avoid getting caught in an upside-down mortgage?