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Jerel Washin…, Real Estate Pro in Princeton, NJ
Jerel Washington answered:
Live in Franklin prk Nj have 59 k to invest in reo propery....any condos available?
Metta,
Is your goal to purchase your first investment? Do you have a current portfolio? If so, how many properties do you own and what is there make up? Are you looking grow or start ... more
0 votes Share Flag Mon May 12, 2014 Home Buying in 08823
Jerel Washin…, Real Estate Pro in Princeton, NJ
Jerel Washington answered:
Why are the homes are Butler Road in Franklin Park so Expensive?
Franklin Park is a great area in Somerset county, great schools, low crime, awesome amenities all around. Home prices are high because you are paying for location, location, location an ... more
0 votes Share Flag Mon May 12, 2014 Quality of Life in 08823
Jerel Washin…, Real Estate Pro in Princeton, NJ
Jerel Washington asked:
What are the best Cycling Routes, Clubs & Rides near Franklin Park, NJ? I just moved to Franklin Park and am looking for Cycle Routes, Bicycle Clubs & Group Rides locally. Any suggestions...?
0 votes Share Flag Mon May 12, 2014 In My Neighborhood in 08823
John DL Aren…, Real Estate Pro in Encinitas, CA
John DL Arendsen answered:
Why don't we build more concrete homes in the US?
Frankly concrete building leave me cold. Literally and figuratively.
0 votes Share Flag Sun May 11, 2014 Home Buying in 08823
Andrew Tisel…, Real Estate Pro in 07024
Andrew Tisellano, Broker/Assoc answered:
What is usually a Health and Safety "issue" when it comes to an appraisal?
could be anything from environmental to loose banister. FHA does a more specific inspection.
items to look for is peeling paint roof leaks inoperable appliances and heating
0 votes Share Flag Sat Mar 1, 2014 Home Buying in 08823
Patricia Per…, Real Estate Pro in Somerset County, NJ
Patricia Pertusi answered:
What happens if the appraisal comes back lower then the sale price of your home?
In most cases, the sale price is renegotiated. Sometimes the bank will review other comparables and adjust their decision. Occasionally, another appraiser is brought into the picture. ... more
0 votes Share Flag Sat Jun 29, 2013 Home Selling in 08823
Dlhowell998, Home Buyer in Franklin Park, NJ
Dlhowell998 answered:
How long does it take for the bank to get an appraisal report?
A long time...

Had an appraisal ordered for a conventional loan in the Austin area for a rural property. Was accepted by an appraiser a few days after being ordered (Tues), 4 days l ... more
0 votes Share Flag Wed Aug 29, 2012 Home Buying in 08823
Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Jeanne Feenick (908) 337-0943 answered:
How to list my home for sale?
As you can see, you'll need to aligh the support of an agent to help you - and the benefits of that extend far beyond access on Trulia - however, access on Trulia is one very important ... more
0 votes Share Flag Thu Aug 16, 2012 Home Selling in 08823
Camille A. M…, Real Estate Pro in Bayville, NJ
Camille A. Marotta answered:
Closing date and FHA Loan
FHA should not take any longer than a conventional loan if they are underwritten by a mortgage lender that has in house underwriting.

If the contract date is about to expire, the att ... more
0 votes Share Flag Mon Jun 18, 2012 Financing in 08823
Gloria Laugh…, Real Estate Pro in Princeton, NJ
Gloria Laughton Allston answered:
WE NBUYING A HOUSE CASH. WE FOUND A SHORT SALE, BANK APPROVE PRICE CAN CLOSE NOW. ITS A FIXER UPPER.
Short sales can take a while because of a number of reasons but often it has to do with Bank backlogs. You did not mention it but banks sometimes ask for 2 appraisals when the property ... more
0 votes Share Flag Mon Apr 30, 2012 Home Buying in 08823
Francesca Pa…, Real Estate Pro in Monmouth County, NJ
Francesca Patrizio answered:
How long does it take a appraisal to get to the bank once its in the computer after the appraiser had sent it in the computer?
Sherui,

My expereince, if there are no issues with the appraisal, then 24 to 48 hours is the norm. However, if the appraiser is having difficulty (and this happens often these days ... more
0 votes Share Flag Fri Jan 6, 2012 Home Buying in 08823
Diane Glander, Real Estate Pro in Spring Lake, NJ
Diane Glander answered:
I have final approval for my home loan how long does it take to close?
If your "final approval" is your loan "commitment", most lenders can close you within a week. Hopefully by that time, your attorney and Realtor have everything else ... more
0 votes Share Flag Wed Nov 30, 2011 Home Buying in 08823
Jeff Onofrio, Real Estate Pro in Marlton, NJ
Jeff Onofrio answered:
When will i get a clear to close?
Chantel82:
That is very hard to answer. The only real answer can come from the mortgage company whom is working on your deal and what promoted them to need those 2 conditions at the e ... more
0 votes Share Flag Sat Nov 19, 2011 Home Buying in 08823
Jacob Bestic, Real Estate Pro in Ponte Vedra Beach, FL
Jacob Bestic answered:
how log does it take to close on a fha loan?
I wouldn't set my expectations very high for a quick close. FHA loans can be easier in some aspects, but the appraisal standards are much higher and depending on the condition of ... more
0 votes Share Flag Sun Nov 13, 2011 Home Buying in 08823
Mildred Vale…, Real Estate Pro in Throgs Neck - Edgewa...
Mildred Valentin ( Bronx #1) answered:
Is Bank Of America a good bank for fha loan I heard they are very slow?
Chantel,

I also agree with the rest, shop around work with a local Mortgage officer that gives you detailed information and follows up on a daily or weekly basis. I have waited 4 to ... more
0 votes Share Flag Fri Nov 11, 2011 Rent vs Buy in 08823
Cynthia Freu…, Real Estate Pro in 07080
Cynthia Freund answered:
how long does it take for the bank to ordered a new appraisal.?
Irritatingly long! The appraisal process has been a bit over-regulated in NJ, in my opinion. And it has become cumbersome. I can't comment on California, though. Best of luck, han ... more
0 votes Share Flag Wed Nov 2, 2011 Home Buying in 08823
Debra Shapiro, Real Estate Pro in 08836
Debra Shapiro answered:
what does getting appraisal items squared away mean? How long will that take?
Items being squared away could mean many things. It could mean a valuation issue.There could be could mold or wood rot, for example. There could be zoning issues that need to be worked ... more
0 votes Share Flag Wed Nov 2, 2011 Home Buying in 08823
Michael, Home Buyer in Terra Alta, WV
Michael answered:
how much longer do i have to wait for the appraisal report?
i signed a paper saying i will get a copy of the appraisal report. the apprisal was done but the bank still has not got the report. i don't think the bank will lye to me about that ... more
0 votes Share Flag Sat Aug 20, 2011 Home Buying in 08823
-Marc Pollak-, Real Estate Pro in Hillsborough, NJ
-Marc Pollak- answered:
Bank appriasal report?
Wow, that is a great problem to have. My experience with appraisers is that if they come up with a value greater than the contract price the use the contract price for the appraisal. ... more
0 votes Share Flag Wed Dec 15, 2010 Home Buying in 08823
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