I can be approved for a mortgage in 2 months.how can i prevent a house from being sold?

I don't know if you can prevent a house from being sold. Fortunately for you, sales have slowest a lot recently.
Once you're preapproved, you can place a bid.

Are you talking about your house or one you want to buy?
By the way why will it take 2 months for a approval?
I can get a pre approval in a day and a full approval within five to ten days!

pay your monthly mortages on time and refinance if necessary after a couple of years later to take advantage of any better interest rates

Put down an offer with a large deposit and ask the Seller to wait 2 months to go to closing. It's that simple.

DO you currently have a agent working on your behalf (realitor & broker)? What advice has the realitor given you, or the broker (or lender) you are using. Why wait the 2 months. The underwriting process is not that long, it takes longer to get the appraisal and title back than it does for underwriting - all you need to be approved is 2 years job time, income, 2 years w'2's (not your full taxes, unless you are self-employed). The only wait I see, is if you are currently in a mtg that has a pre=payment.

Is the seller motivated in helping you with closing cost? Is this a For sale by owner? Lots of factors here to consider.

Regardless of the 2 month waiting period, sit up a meeting with the realitor - to talk with the seller, to see if they will extend the purchase agreement. If non has been drawn up, than make a offer on the property, put down 500.00 earnest money, and by the time you get the appraisal, title, survey, etc - it will be 30 days so you are talking Sept 1 - can that work for you....have the purchase agreement state financing in 60 days or eariler.....that will keep you safe. You can start the loan process now. A credit report is good for 60 days - up to 90 days with some lenders.....Use a Broker who underwrites for many companies. I underwrite for 150 companies. So I only have to pull credit one time, and lenders look at my credit report. If you go to one lender, and they can not do the deal, than you go somewhere else, that person pulls your credit. (see what I mean)

Also,If you shop, your credit is pulled and that is considered a soft pull, for a 30 day period. Just like shopping for a auto, it is good for 30 days. If you apply for a credit card, that is considered a "hard" pull and it drags down your credit score. When looking for a home, please do not apply for a credit card, Department Charge Card, Gasoline Card or make any major purchases, like a auto, etc. This will pull your credit down.

Here is some web sites you may want to look at: to these websites:
1. http://www.nehemiahcorp.org/

http://www.fanniemaefoundation.org/...

http://www.fha-home-loans.com/

http://www.freddiemac.com/

It greatly depends if you need help with closing cost, (The seller could do Seller Help toward your closing cost). If that is the case, I normally tell my clients NOT to hackle over the price, since you are asking for closing cost help - especially if the home is thru a realitor, and the seller has to pay the realitor their fee which runs from 3-6 percent of the selling price, and you ask for 3-5 percent toward closing cost -assistance) Follow me so far??

Good luck to you.

You can't. Make an offer on it but indicate on the offer that you can't close for 90 days...

You can't. If the sellers find someone with money now, they can sell it to whoever they want. Unless you enter them into a contract, but they won't do so cause if they do have a buyer and they are waiting for you, they are losing money each month they pay mortgage.

Offer a cash deposit to the owner to hold it

Why in two months and not now would be my first question.

In order to prevent the house from being sold, you would probably need to get pre-qualified for a mortgage now, make an offer to purchase, place some earnest money down with the seller, and have them stipulate in your purchase & sales agreement, the proper time frame for your needs to get approved in the financing timeline contingency section.

Many sellers would not like to commit to something like this because it would stop them from taking better or similar offers during such a long time frame. But you never know and it never hurts to ask, if they say no, you may also have a chance at low balling their pricing if their have been no other acceptable offers in that time though.

Either way good luck!

I am not a licensed real estate agent, so I'm not sure if there are other convenient ways...

In support of Reggie's answer, if it is taking 2 months to get approved, you are applying in the wrong place. Get pre-approved (you can email me), AND, if there is NOT currently a bonafide offer on the home, make an offer, and be prepared to put a deposit on the home to hold it.

you cant prevent it from being sold. good news( at least for you) is that homes are sitting on the market for a longer period of time compared to last year. good luck

you probably can't- most agents will take the first approved buyer.

Burn that bastard to the ground. It will never sell then.

there's some form of pre-contract where you pay a deposit and promise to buy the house, else you lose that deposit. I'm sure your bank knows about it, and will be happy to assist you [for a fee of course]

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