This sounds very reasonable, but I would recommend talking to a lender first. Maybe start with someone you bank with or have worked with previously. If you need some lender contacts, feel free to contact me and thereafter, let me know if you need help with the rental and purchase. Our company does property management. Regards... more
Depending on the lender, not only could we short sale your house but it is also possible to get you up to $3,000 in relocation expenses. We also have lenders on hand that will give loans shortly after a short sale or bankruptcy.
Feel free to call me for the details, 480-570-1010.
Equitas Real Estate Group... more
I work with an amazing team of lenders at Nova Homes Loans. You can contact Greg Gale with the Gale Team at (602) 743-4679. Let him know I referred you. I also have some other names too if you would like those. Once you get pre-qualified, I am happy to set up your search for your new home. I have been a south east valley resident since 1986, so I know the area well. Please feel free to contact me at anytime.... more
I would recommend you contact an agent to at least run the community comps for you. With inventory down and property pricing on the rise, it may not be as bad as you think. Plus, I wouldn't put alot of stock in an "Zestimate" from Zillow since they just pull stats from anything nearby, not the specific community. If you'd like me to do so, just contact me. All the best!... more
There really isn’t any "first time homebuyer" programs out there that I'm aware of. There is a NSP, Neighborhood Stabilization Program that you can get up to $15,000 for down payment and closing costs assistance. You will still have to pay 1.75% for down payment get certified for the funds and the process takes over 60 days once under contract.
For more information: http://www.chandleraz.gov/default.aspx?pageid=640
Also, because you're a first time homebuyer and I'm not sure what price range you're looking in or would be qualified for, but properties that are $200K and under move very quickly, the inventory is not what it use to be and Sellers are less likely in this market to give closing costs credits because they move quickly and in many cases get multiple offers. You may be competing for properties with other cash or conventional buyers and they are preferred right now. All the best!... more
I use Eric Kinneman with The Lending Company TLC for all of my Canadian buyers. His contact info is:
Senior Mortgage Banker
TLC/The Lending Company
6910 E Chauncey Lane Suite 220
Phoenix, AZ 85054
602-757-2171 Direct Line
My lender is a preferred lender for these programs. Here is your solution:
1) City of Tempe - up to $30,000 Down payment assistance
2) City of Chandler - up to $10,000 Down payment assistance
3) City of Gilbert - up to $40,000 Down payment assistance (very hard to get this one. Funds deplete quickly)
4) Anywere in Maricopa County - 5% Down payment assistance
Funds are limited and run out quickly. So is 2013 your year? Call me for details!... more
See the website link and once there, click on 'Arizona Hard Money Lenders': http://arizonahomesland.com/arizonamortgageloans.html
Jeff Masich, Realtor
Arizona Homes and Land
I'm going to say talk to your ex-husband first to try and work something out, that is if you are still on good terms with him. If not, I'm going to have to go with the rest of the other previous answers.... more
Well Boo, I don't know about you but as a home seller myself I am completely frustrated with the totally diverse answers posted here. And most of these answers are from the people we put our faith in to have all the answers; agents and brokers. Where is the straight answers?... more
Tom, that IS a unique situation. I personally LOVE the challenges of working with unique buyers.
I don't want to speculate on if she will or she won't qualify, but you9;d be surprised what a large down payment such as the one you're considering can do toward getting someone qualified for a loan.
The only person that can answer that is a very qualified loan officer/mortgage broker, and I know one of the best.
Her name is Lizzy Hoeffer @ Nova Home Loans. Here is her info below:
Senior Loan Officer
She'll do a prequal over the phone with you and your wife. That's the best way to determine if your wife can qualify. Make sure you tell her about every scenario that you detailed in your post.
Once Lizzy has determined your qualifications, please feel free to contact me if you'd like help in finding your next home. I can send you a list of homes directly from the MLS that are ACTIVE and AVAILABLE, and save you a LOT of time searching the Net endlessly looking at websites that don't update the status of their listings.
I've done a lot of business in the East Valley the past few years, and have dealt with every bank and short sale lender that you can think of.
Century 21 All Star, REALTORS
Hi, the FHA 203K does allow for pool updating and refinishing. It all depends on how much of the pool still needs to be completed. Would recommend you phone several sources. I have some if you need them.
The REO's are a good idea so don't rule out a foreclosure property. This is a great time to buy. As you probably know, the $8,000 tax credit has been re-instated for first timers or those that have not owned in three years. There is now a $6,500 Tax credit for existing homeowners. Additionally if you do purchase a foreclosure property, free grant money (up to 22% of the purchase price) is available if you live in the home for periods of 5, 10, or 15 years. This makes inexpensive homes already, even more affordable. The free grant money is available through the state of Arizona. See the link for "Free Grant Money" at: http://www.arizonahomesland.com/forbuyersorrenters.php
Also, if you are thinking about a Fannie Mae owned home, there is no PMI, 3% down with good credit, no bank appraisal and they have the Homepath renovation financing for fix up situations.
If I can answer any more questions or show you some homes or land, feel free to give me a call. I would be pleased to help you.
Jeff Masich, Realtor®
Arizona Homes and Land
HomeSmart Real Estate... more
Looks like you found the right spot to start your information quest.
Please feel free to add me to your list...I will be available to answer any questions you have over the holiday.
Happy New Year,
All the best,
Roswell Moore, CMPS
Certified Mortgage Planner
480-422-5095 direct universal... more
Pardon me while I play Physic Realtor ....
If you bought that house 5/6/9/ for 147K you got a great deal, however the Physic Realtor thinks you sunk some cash in it to fix it up.
The tea leaves are saying that you went through a hard money lender for the purchase. The Tea leaves have been wrong, because of that 10% seller finance, unless it`s the hard money guy again. But you really just can`t trust tea leaves today. However you were a cash buyer.
You were set to make a fast flip, and along came the Nasty FHA appraiser. Happens to the best of us.
The problem here Starman, that FHA appraisal sticks for six months, even 10DAYTED (mean that in a good way) Whom I`m impressed with, can`t get around that first FHA appraisal.
I know the area and I know the appraisers.
The tarot cards say cut your losses and run.
This has been your Physic Realtor minute...How`d I do?... more
The key is to find a company that can do VA loans AND a loan officer who's experienced. They are a unique breed of mortgages. Either somebody really knows them or knows very little.
There is many reasons for this. Too many to post in fact. Either the loan officer is a specialist or they are not. That simple.... more