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About East Oregonian : E.O. (Pendleton, OR) 1888-current | View Entire Issue (July 21, 2017)
July 2017 // Real Estate & Home Builders Guide // 5M Understand your credit history before applying for a mortgage By Ilyce Glink and Samuel J. Tamkin Tribune Content Agency Q : My name is on a title of a home but not on the mortgage. If I want to go out and purchase property or a home will my name being on a title affect my ability to qualify for a mortgage? : If you own a home with somebody else but the debt is not in your name, you should have no problem going out and buying another property. Usually, credit reporting agencies obtain information on borrowers’ payments from lenders for their algorithms. In your case, the lender that holds your home’s loan does not have your name tied to that loan. So they shouldn’t have anything to report for you. Having said that, there A are times that real estate taxes and other obligations related to home ownership rights get reports on the people that presumably pay those taxes and those would get reported. While you might see your name on some items related to the home, you probably will not see the debt tied to your name. The smart thing to do is to check what your credit report looks like before you start applying for credit. A great place to start is at AnnualCreditReport. com. This is the one site sponsored by the three major credit reporting bureaus (required by the Federal Trade Commission) that allows you to get one free credit report per year from each of the three credit reporting bureaus. We’d suggest you log on and download one credit report. If you don’t already get a free credit score from your credit card, you may want to pull a copy of your score to see where it is. Once you have the report in hand, you can see the history of your financial life. You should see active and dead credit cards accounts. You’ll see a history of other debts that you may have or have paid off. But hopefully, you won’t see a debt payable with a balance to the lender on the home you own. While you are checking your credit history, make sure the information is accurate, that there aren’t any debts that are showing unpaid that you paid off in full, and that you aren’t showing any late payments or that you aren’t showing any debts that have been written off. If there are mistakes or errors on your credit history, pull copies of your credit history from the other credit reporting bureaus. Ken Wick ~ Principal Broker • Judy Willis ~ Principal Broker • Linda Warnock ~ Broker Karen Raminha ~ Principal Broker • Adam Saxton ~ Broker • Rob DeSpain ~ Broker Jon Wick ~ Broker 3480 PLACE • BAKER CITY, OR 97814 “16th Street - between Auburn and Place” CELL: 541-518-2800 Licensed in Oregon D UCE RED HUNT MTN. LANE. 78 acres m/l on the western edge of Baker Valley, with panoramic views of the valley and mountains. Private road. Custom built 4 bedroom home with open floor plan in living, kitchen and dining areas. Wood burning fireplace. Spacious bonus room with a propane fireplace and a built in Murphy bed for guests. Heat pump and central a/c. Two water heaters provide ample water for both floors. Master bedroom windows frame the view of the Elkhorn Mtns. Covered deck on three sides of the home for outside living and enjoying the fabulous views in all directions. Yard has sprinkler system and fenced garden area with young peach, pear, apple and walnut trees. Detached double garage with carport. Enclosed metal sided pole barn (48’x30’) with 48’x24’ open bays on each side. Working corrals, level outdoor riding area, second well for livestock water. Fenced and cross fenced. Approx. 68 acres are irrigated. $925,000 $875,000 FIVE ACRES M/L ON HUNT MTN. LANE which includes the home and garage described above. Excludes barn, corrals, arena area, second well. $575,000. MOUNTAIN AND VALLEY VIEWS. Five acre rural building parcel on Running Iron Rd. Ready to build on. Phone and power are available at property line. Protective CC&Rs are in place. $78,900 Celebrating Our 20th Anniversary We are now off ering property management, notary, copy, fax and full real estate. 541-894-0116 Fax 541-894-0119 103 North Main Street, Joseph, OR • 541-432-4060 (800) 660-2641 Fax: 541-432-1114 • Email:rea@eoni.com • www.wallowacountyland.com 110 S. Mill Street - PO Box 370, Sumpter Oregon 97877 WWW.RUSTICREALTYPROPERTIES.COM RUSTIC REALTY WOULD LIKE TO WELCOME SCOTT CRAIG TO OUR TEAM! POTENTIAL GALORE could be used as a 5BR 3BA family home, or assisted living, 2 rental units, private mother in law unit, or??? Built in 2004 & well maintained. Mt. views, great location, solid construction, ex- tra lots included. Close to schools and shopping. Excellent income property. RMLS 15657429 $229,000 10+ ACRES TIMBERED SETTING & PASTURE. For more than 20 years Scott Craig and his wife Sue have made Eastern Oregon home aft er owning, operating and selling a successful restaurant in Seattle's Pike Place market. Leaving the crowds and traffi c behind they feel extremely fortunate to live, work and play where beauty, serenity, and friendly folks are a way of life. 1880 acres(surveyed & fenced). 4 mbf +/- of marketable timber. Amazing views of Various wildlife. 2292 sq. ft. home with 2 story the Wallowa Mts. Excellent hunting for elk, deer, attached double car garage sits on this property. and game birds on this timbered property with 2 ponds.2 bedroom 1 bath cabin and out buildings. Tiled entries, newer carpet windows & doors. Saw mill on property. Off the grid, (generator and 2 4 bedroom 2 1/2 bath large master suite. Family new solar panels,& propane). Enjoy wildlife, views and privacy! Room, Root Cellar and much more! RMLS 14421324 $3,000,000 RMLS 16005627 $495,000 Scott Craig • Broker Cell 541-519-9939 Scott@rusticrealtyproperties.com Scott's entrepreneurial experience in multiple businesses provides his clients with valuable knowledge, insight and professionalism needed to make each transaction as smooth as possible. Scott's goal is to exceed his client's expecta- tions; he believes that his success begins when his clients are completely satis- fi ed. 'Whether you are in the matket to buy or sell your home, ranch or business, put Scott to work for you! Stop by Rustic Realty and enter to win a stay at Rustic Retreat Vacation Rental Open House to view Rustic Retreat Sunday • May 29th 2pm to 4pm • 211 E. Cliff ord SOUTH PORTION OF LOT 5 60 X 117 commercial lot ready for your enterprise! Great corner lot across from Community Bank in Joseph. Utilities are available. RMLS 10012828 $79,000 PRICE REDUCED Large corner lot (123’X 125’) in Joseph. Exceptional Wallowa Mountain views. Beautiful lot ready for your custom home. RMLS 15595053 $79,000 LOCATION LOCATION Turn Key business & PRIME Wallowa Lake Lo- cation. Includes everything to run this successful business. Grocery Store - Restaurant & Liquor Sales. Only grocery store at Wallowa Lake. Indoor and outdoor restaurant seating. Ideal for investor or mom/pop operation. RMLS 17625726 $489,000 Also enter to win a Premier Sitka Outfi t package. Provided By York’s Covered Wagon at 1549 Campbell St. Baker City, OR. Only Sitka Dealer in Our Area. THIS IS OUR 20TH ANNIVERSARY IN BUSINESS We are now off ering property management, notary, copy, fax and full real estate. We invite you to come in and enter to win a stay at the Rustic Vacation Rental or a Premier Sitka Outfi tter package.
