Open Question: loan help - bad credit/good equity - emergency?

My mother is disabled and lives in a home that was purchased by my grandmother. Now, my mom is looking to move in with my grandma, and my grandma is interested in selling me the house. Other homes in the neighborhood sell for 300-400K. However, this home has has little to no maintenance, the yard is a mess, all flooring needs replacing, windows need replacing, and the kitchen needs a major remodel. As an interior designer, I know that at least $80K of work needs to go into this home. The last time it was appraised was about 5 years ago for $250K and the market is down.

Grandma wants me to research the cost of the home, ammortization loan payments, etc. Any advice? I guess I should add details here- the response "never buy a home for it's memories" I find to be odd. I would buy it because it's a good deal, I would otherwise not be able to afford a home like this for several years. The market is low, so it's a good time to buy. More details: she wants to do this without a RE Agent of any kind. I think she wants to cut us a really good deal and let us just pay her for the house- no official loans, nothing. Just put it in our name and let us pay 'rent to own' type situation. I just need to know what to present to her. How much does an inspection cost? Wow, there are an awful lot of judgemental responses here. I am NOT trying to rip off my grandmother. If anything- it would be the other way around. Can we try to answer a little more kindly? I am only asking how I should approach this. My grandma wants it to be as easy for both of us as possible. She is not suffering for money- but I also do not want to take advantage of her. I am shocked at how harshy people judge when questions like this are asked. My grandma and I both are good people. She is a bit stingy- and I am a bit over-trusting. I just want to make sure I do this the right way.

Open Question: loan help - bad credit/good equity - emergency?

does anyone have direct links to actual banks doing home equity loans for bad credit ?
i have just started a new job and they wont pay me until late january.
my home equity loan fell thru last minute with wachovia who holds my first mortgage.
my credit rating has gone down since i refied in May.
I need a home equity loan fast. super fast.
any ideas ?
i have 6 k in bills overdue. have 170k equity in my house. your answer didnt help 'jm' note to self = never ask for loan advice on yahoo answers

bunch of nigerian scammers

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