How to buy a home with bad credit

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Editor's note: Robert Bruss passed away on Sept. 26, 2007. This was one of the last real estate columns he wrote. Inman News is publishing Bob's last work as a final salute to the nation's most well-known real estate writer. If you want to buy a house or condominium, the current buyer's market means it is a great time to be a buyer. Sellers are eager to sell. Equally important, their real estate agents are anxious because home-sales volume is down in most cities. Even if you have bad credit, if you have good income you can probably buy a home. Working with a savvy buyer's agent is the best way to (1) find a house or condo you want to own and (2) then finance it, especially if you are "cash challenged." Purchase Bob Bruss reports online. MAYBE YOUR CREDIT ISN'T AS BAD AS YOU THINK. Before shopping for a home, it pays to check your credit reports from all three nationwide credit bureaus, Experian, Equifax and Trans Union. You can get one annual free credit report from each...