I work for a direct lender in the mortgage industry who offers conventional, FHA VA, and USDA loans in 47 states. Are lowest score we accept for government loans are 550 when most lenders require a 620 and brokers a 580. It has to be on a permanent foundation, built after 1976, with land included.You have to have two years of income with a score over 550 with bankruptcies discharge date 2 years and over. We have basic guidelines and a pretty easy process. Feel free to text me or call me anytime up to 10:00pm Eastern with any questions.
Brian Young 214-797-3479. NMLS#902687... more
It is great that you are seeking an FHA loan. An FHA loans has great benefits such as low closing costs, low down payment, and it's easy credit qualifying. I have given out plenty of FHA loans throughout California. I can offer great rates, quick response times, and friendly service. Although you do not plan to get the loan until early 2014 it is never to early to talk to a lender like myself to help guide in the right direction for the upcoming months. So give me a call so I can prepare you for your upcoming buying process.
Well I hope this helps! If you have any further questions or if you need a loan, feel free to contact me. Also, if you found this helpful please leave me a recommendation if you can!
Brian Nguyen Sr.
NMLS # 659743
With a short sale, you are hardly negotiating with the seller. In many cases, with the deficiency laws in CA as they are, it really doesn't matter to many sellers what the sales price is. It matters to the bank. If an agent cuts their commission, the proceeds go to the bank, not the seller and certainly not the buyer.
If you sign up with the listing agent, their fiduciary responsibility is not equal to you and the seller. You do not get the same representation as you would with your own buyer's agent. Bottom line, you seem to want feel you are in control. If you feel you drive a better bargain by going straight to the listing agent, that is great, because feeling that way is important to you. I am sure they will make you feel good about yourself and your perceived sense of power over the deal as well with all the smoke and mirrors that goes on. You will never know the difference.
With short sales, the buyer is in the passenger seat. Because of the bank's involvement, you don't really have as much leverage as you seem to feel you have. A buyer's agent who is loyal to you will cut through all of this clutter so you can make real decisions based on real facts. BUT, you will have to be loyal to them.
Gotta kick into the karma kitty to get something out of it.
Buyers often walk away. My client just moved into first position because the first buyer just couldnt wait any longer. In the old days an offer was it and it went contingent. Active was supposed to mean the house was available. Today it may mean the agent is waiting for a call and something better before they decide, if at all, to change from active to contingent status. Your agent was either sitting on the offer or the negotiator was sitting on it and gave the agent no time to get it to you. Highly unlikely but possible. Your agent may not be staying on the ball. Can't say how you could intercept since your agent is not getting you the offer in time to counter. Clearly you need someone to work for you. Good luck with it.... more
There are many reasons a new home may not be acceptable to a buyer besides unnoticed powerlines.You may find many things lacking in the building process and although the attorney advice is almost mandantory to take the difficulty of getting back your dep.osit should not be too difficult... more