Open Question: I want to buy a house the owner has a second mortgage on it?

I've been having a dilemma with this so, would you chose to be Italy on a 10 day trip but being 4,000 dollars in debt...or would you chose to stay at home in no debt (accept for school loans) and possibly extra cash in your pocket?

In my case I would pick scenario 1, because I could be able to nearly pay back that 4,000 by the time of the trip, but no one wants to be in debt. What do you think?

Open Question: i need a short term loan?

My family and I are looking for a short term loan (12 to 18 months or less)
in the amount of 3000.00, Interest rate to be negotiated. My Husband will be
entering the military very soon and one of the

requirements is that we have all debt paid in full. We both have full time
jobs but little to no credit and do not own our home.

If you can help, please reply to this ad.

Thank you for your time and consideration in this matter.

Open Question: I want to buy a house the owner has a second mortgage on it?

We have been renting to own a house. We have been saving up for the down payment. We have been rent to own for over 2 years. The owners have been using all of the rent to make house payments. They told us we will only owe the balance of the loan. We have found out that the owners have recently taken out a loan using the house (is this a second mortgage?). They told us that it won't affect what we buy the home for (they verbally quoted a price). How can they sell us the house if they borrow money against it to buy another home? How do we protect ourselves without getting robbed by lawyers? We have never done anything like this before so we are blind to what can happen to us. I read if they default on the loan that we could loose the home even if we buy it from them. Also, we heard they had some back tax problems from something else.

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