Sheri,

It sounds to me like your realtor is absent in this transaction. In no way should you be handling addendums or other parts of your contract. If that realtor does not step up I would call their Broker immediately.

I fyou would like a Good Faith Estimate outlining the title fees, taxes and other closing costs please give me a call directly.

Thanks,

Ryan Brandenburger
954-394-9005

Hello Sheri,

You need to get ahold of your Realtor and have meeting.

If that person does not answer all your questions to your liking, call the Broker.

We don't have the needed information to answer your questions as there is a lot going on we don't know.

But you should have answers to ALL you questions right NOW!

John

Hi Sheri,
Your realtor should have done a better job educating you but now it is time to let a mortgage professional help you. They will take the price that has been accepted and go over the loan programs you quallify for so you can get a monthly payment, know what your taxes and insurance will be etc. This is a very exciting but scary process and you should surround yourself with good people. No question is ever bad especially when it comes to buying a home. Good Luck.

Melissa Antenucci
Ameritrust Mortgage
561-417-9221

Hi Sheri;
I specialize in foreclosure sales in Ocala, FL. I think what you're asking about is after you've submitted your offer to the bank and they reportedly have accepted it, then the bank will send the "addendum" to the contract which states the agreed upon price, closing date and all other terms and conditions to the bank sale. PLEASE read this carefully, ask your realtor to explain things and/or have a real estate attorney go over the addendum with you. It's important you understand what you are agreeing to on these foreclosure sales. there is a lot of fine print in these addendums. Realtors are usually paid by the seller, unless you signed an exclusive contract with your agent, ask him/her and get a good faith estimate of closing cost. You should have the HUD-1 settlement statement 24 hours before closing reviewed with your realtor. If I can be of any other assistance, please call or email cjimenez@ellisonrealty.com 352-304-4654.
At Your Service,
Cheryl Bednar-Jimenez, Realtor, CB Ellison Realty
ps, I love referrals =).

I don't understand your question.
Can you please spacify as for what the addendum is for?
Addendum can be for many different things in real estate.

Thank you.

the seller will pay re agent, have you asked for downpayment assistance... that is something you may want to ask for.

Sheri
I am curious.
How do you know that you can afford the mortgage payment?
How do you know that you are qualified for that loan amount?
Talk with your Realtor about all your questions. She is representing you.

Normally the seller pays the bulk of costs, including commission, however every sale is a little different. Ask for a good faith estimate of buyer's expenses, including how much you'll need to have at closing.

Hi Sheri,

If you have a real estate agent she should have done a better job of explaining things to you. Unless you signed an exclusive buyers agreement with your agent, her commission should come out of the proceeds of the sale (she should get paid by seller).

If you have any doubts whatsoever find a good real estate attorney in your area. Ask friends, colleagues, or your real estate agent to refer someone. An attorney will represent your best interests, a title company represents the sale being completed. Normally a sale can be closed by a title company, and usually when a property is a foreclosure, the bank has a pre-determined title company they want to use. The bank is using someone to represent their interests, its worth a few extra dollars to have an attorney represent your interests.

Good luck in your new home.

Nadine Mauro
The Herman Group Real Estate
561-414-0864
NadineMauroRE@yahoo.com