Seller Financing! New Luxry Gulf Access Home Cape Coral No Bank Qual, No Credit App, $9,900 MOVE IN! Start Price USD 539,000.00 Current Price USD 539,000.00 Time Left 25 days 3 hours 54 minutes Bid Count 8 Buy It Now Price - Reserve Price - Start Time Wednesday, April 30, 2008 End Time Tuesday, July 29, 2008 Location Cape Coral, Florida See more about 'Seller Financing! New Luxry Gulf Access Home Cape Coral' Description Beautiful Cape Coral HomeYour Cash or Credit is NOT a Problem! Beautiful NEW CONSTRUCTION, Gulf Access Home in NW Cape Coral Open, spacious floorplan 3 Bedrooms, 2.5 Baths Huge master suite with bathroom fit for royalty! 3 Car Garage Custom Swimming Pool with Hydro Therapy Spa / Separate pool bathroom Arched doorways, Tray Ceilings, Crown Moulding, and Granite & Tile Throughout Full pictures @ www.YourRealtyRescue.com Here are the program details: ·             $9,900 TOTAL MOVE IN.  Absolutely NO additional costs or fees ·             $3,400/month (TAX DEDUCTIBLE) plus property taxes and insurance Frequently Asked Questions"Why should I buy when renting is cheaper?"   Although renting may seem cheaper in the short run, once you do the math, home ownership is a “no brainer” compared to renting.  Renting isn’t so “cheap” when you consider that paying rent is not tax deductible like your mortgage interest and property taxes are.   On top of that, the appreciation you would get on just a small upward move in the value of a home could literally dwarf years of savings you thought you were getting by renting instead of owning.  So if you don’t plan on renting forever, think carefully before you let an opportunity to own the home of your dreams with no down payment or credit worries.  Remember, over the long term, home ownership is where you want to be, not paying rent.  Just do the math."I’m not buying now because I think the real estate market is going lower."  You may be right, or maybe the market starts to recover from here.  No one really knows for sure.  The good news is that with this program, you don’t have to be right about the future to make a good decision here.  Only this program gives you the flexibility to move with 60 days notice with absolutely no credit or foreclosure repercussions.  You have unlimited upside potential to enjoy the benefits of appreciation in your home with no downside risk, even if the home  declines in value.  Further, you keep ALL your tax deductions and your good payment history with the credit bureaus while you owned the home.  "You got to be kidding!  I can’t afford this house!  Right, dream homes aren’t cheap, but it’s a whole new ball game when all you have to do is take over the payments as you can with this program.  When you take the down payment and closing costs out of the home buying equation, suddenly your home ownership dreams become possible.  And don’t forget, substantially all of your mortgage interest and property taxes are TAX DEDUCTIBLE.  "I don’t need this, my credit is fine!"   If your credit is fine, then congratulations on all your hard work!  Unfortunately, your journey to your dream home is not over as far as the banks are concerned.  There is a big problem out there, even for buyers with good credit and that is this:  If you read Business Week or the Wall Street Journal, it looks more and more like banks are going to maintain overly tight lending guidelines for the foreseeable future.  For average credit borrowers, 20% down payments are rapidly becoming the norm, not the exception. So you have to be honest with yourself, and PLEASE don’t take this the wrong way when I ask: Do you really have the discipline to save that kind of money for a down payment?  Believe me, it’s easier said than done.  Let me ask you this:  If you know you can get into a beautiful home for under $10k, does it really make sense to save for a down payment when you don’t need to?  Why not skip the hassle and uncertainty of saving just to make a bank happy?  Remember, ANY down payment on a home is just “dead money” on which you can’t earn a dime (think about it, you get the appreciation on a home no matter what you put down, EVEN IF IT’S ZERO; so it makes sense to keep the cash in your pocket, doesn’t it?).  And don’t forget, the money you spend on the down payment is NOT tax deductible, as are mortgage interest and property taxes.  I just went through a foreclosure, should I be buying another home?  You may not believe it, but the answer is ABSOLUTELY!  Why?  Because the most important thing you can do after a foreclosure is to rebuild your credit.  And the fastest way to rebuild your credit is not by making payments on small-balance credit cards or car loans, but on home loans with large balances.  Just read any article or book on credit scoring and you’ll learn that large-balance loans are ALWAYS assigned a higher weight in determining your credit score than low-balance loans. This gives the homeowner a big advantage over the renter in rebuilding their credit.  For most people, getting a home loan after a foreclosure is just plain impossible, especially in this lending environment.  People who have lost their home to foreclosure can literally be stuck in the “slow lane” for years trying to rebuild their credit through high-rate credit card and car loans with small balances.  However, because this program uses a third party trustee, your good payment history on a home loan is reported to the major credit bureaus promptly.    This means you can improve your credit scores faster than ever and obtain better rates and terms when you obtain your own permanent loan on the home.I’m worried about a recession and I don’t want a foreclosure on my record if I lose my job.  Yes, there are about as many different economic forecasts as there are colors in a rainbow.  But in the end, no one knows whether there’s going to be a recession or not.  The important thing for you to understand is that if you have a good, stable income, you don’t have to let your fear of a recession stop you from buying the home of your dreams.   As I mentioned above, only this program gives you the flexibility to move out on 60 days notice with absolutely no credit or foreclosure repercussions.  Another important thing to remember is this: if it turns out there is no recession and prices start to move up rapidly, you don’t want to be stuck on the sidelines watching the market getting away from you while saving for a down payment.  That’s why this program is so attractive.   It allows you to buy a house now, while the cash terms are so favorable to you.  You get the best of both worlds: unlimited upside appreciation potential with practically no downside, should you need to move out early.  This sounds too good to be true.  How can I trust you?  As opposed to similar sounding programs like “lease-options” and “rent-to-own”, only this program protects your home investment by using an independent third-party trustee to both hold the deed to the property as well as to handle all cash collections and disbursements.  You can sleep comfortably knowing that your payments are promptly forwarded to the mortgage company and that taxes and insurance are paid on time.  Further, because a third party trustee is used, your good payment history is reported to the major credit bureaus promptly so you can improve your credit scores and obtain better rates and terms when you obtain your permanent loan on the home.                                                * * *The fine print:  This agreement is similar to what is commonly known as an “equity share”, where you are able to obtain the benefits of home ownership using terms and financing which you would not normally be able to obtain on your own in the market place.  In return, we will share in the appreciation in the property until you are able to obtain a permanent loan.  The agreement has an initial term of 3 years, after which time it is anticipated that you will be able to obtain your own permanent financing on the home.  However, the term is negotiable and may be extended if you are diligently trying to obtain your own financing and you can demonstrate that you will in fact get the financing in a definitive amount of time.  The appreciation sharing percentage is negotiable and is based on the initial amount of cash you are able to contribute and the percentage of current costs you are able to cover in your monthly payment.  For the cash and payment terms listed above, the sharing percentage is 50-50.  However, for the low move-in costs and the attractive incentives I am currently offering, your profit potential could still be very attractive, should the Cape Coral market rebound as expected over the next 2-3 years. www.YourRealtyRescue.com Call me direct and I will be happy to answer all your questions.  Scott at (714) 679-0400.  Not a broker or agent. More pictures at www.YourRealtyRescue.com.... On Oct-24-07 at 11:59:52 PDT, seller added the following information: Place a Bid!