I have been warning people about Lease/Option for years;
consider yourself properly warned:
lease?option contract can be written any way the Principles want;
Property taxes are the responsibility of the OWNER; if you stopped paying they would file against HIM, but you would be breaking the contract! see?
the same with the insurance.
you should have RENTER'S INSURANCE, but FIRE insurance has to be done by the owner, (you couldn't be the beneficiary of a house you don't own! see?... more
Certain areas might be higher than others and I am not sure what rate you are use to paying but yes there are many tax exemptions that you may qualify. You will definitely get the home stead exemption which will cut your taxes nearly by half which is the biggest exemption that you can get. The other exemption that is the most common is the mortgage exemption. Please give me a call at 574-292-1513. I would be more than happy to answer any and all of your questions and even do a look for some properties that you may be interested in.... more
I would love to hook you up with a real estate agent out there. I work with Guardian National Bank and we are a lending company licensed in all fifty states. We have real estate contacts all over the United States and if you would like you can contact me and I'd be more than happy to get you with someone that knows the homes well in Mishawaka. Thanks.
Zach Seales... more
Congrats on the decision to purchase, it can be exciting, rewarding, and nerve-racking at the same time...
Minimum credit requirements are product specific. What I mean by that is, it all depends on the loan you are approved for based on down-payment, income, location, and credit score... Credit being only one of the pieces of the puzzle.
As an average, most lenders are looking for at least 620-640 credit score, but there are some lenders that will approve below that score... it all depends on the actual lender as to what their minimum requirements are...
I would suggest speaking with a few lenders in your area to see what their requirements are... You should not feel trapped by only asking one lender and think that's the end-all-be-all answer... you should shop the market and find the best product to fit your household's needs...
Once you know where you stand, it will be easier to formulate a plan to either buy the home now, or do what needs to be done credit wise to be eligible in the future. Repairing credit is not easy, but it's not that hard either... the most difficult part is deciding to do something about it!
I wish you the best of luck in your search!... more
You'll can to arrange for conventional when buying a HUD home. HUD, on the other hand, does not finance homes. Be sure your financing is in order before you make an offer. If your bid is accepted, and you do not close on the house, you may lose the earnest money deposit you submitted with the offer.... more
If you are looking for foreclosure listings please feel free to sign up on our website. They will be in your email as soon as they are listed.
There are still low down payment options such as:
USDA Loans at 0% down
FHA Loans at 3.5% down,
Conventional Loans at 5%
...and sometimes additional state programs. Here in Wisconsin we have WHEDA as well. In any case, you'll qualify for the best rates and no PMI with a 20% down payment, but other options are out there.... more
you can ask for necessary repairs. our local bank will escrow for up to 5000 in repairs if allowed by hud so it all depends on how the offer is written and what your lender allows. If you get a FHA 203k you can easily work a large repair in the loan. This will all be done with your realtor and and a lender.
Please call for more specific information.... more
Open House Today on the St. Joe River near Penn High School. Great day to get out and come visit me!!! 12704 Jefferson Mishawaka, IN. Three bedroom, three full bath.$269,00! COME VISIT ME! (c/t/e for personal
The listing information comes from the listing agent when the house was sold. If you're home is not currently on the market, you can go to your property address and hit the edit details tab under the picture. You will then be asked to identify yourself and you can correct the information then.... more
Determining a good price on a foreclosure is very tricky; a low price isn't necessarily a good one (in fact it's usually the opposite; if a bank puts a low listing price on a property, huge red warning flares should go up in your mind). Buying foreclosed (REO) property is somewhat complex. If you are serious about it, you will want representation. The odds of getting burned on a transaction increase GREATLY when dealing with REO's (foreclosures) and it is a fool's game to go it alone. I'm not a big fan of gambling, but if you want to risk your money, the odds are better with the lottery than with buying foreclosures without representation. Even with representation, you will want to get educated about all facets of this area of the real estate world. A good REALTOR will be faithful to educate you and help you with this process, as well as representing you.... more
Make sure while having your house on the market, the outside of your home is clean and cleared of debris. Paint the front door or garage if its faded or peeling. Wash the winows and clean up the leaves.
It is all up to the lender matter of submitting sales offer wait 30- 45 days IF they would accept your offer. HOWEVER I would keep looking
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
In my experience the lender does not order an appraisal until all of the other paperwork has been reviewed and is acceptable. Then, they do an appraisal to determine if by selling to you, at your offering price, makes sense. If they are not willing to take as much of a loss that the difference between your offer and the appraised value would bring them they will decline the offer and most likely determine that a foreclosure would make more sense to them.
Short sales are usually a long process but can be worth the wait. Just don't be too agressive with the price so that at the start you are not a viable purchaser.... more