I am also waiting on a SHORT SALE! Been going on 4 months now! Its through Chase Mortage and they keep asking the owner for more paper work when they could got all of it at the beginning when the owner accepted my offer! This is CRAZY!!!!!!!!!!! In mean time Better houses came and gone! And there is a RENTER still n there? I will not deal with a renter! He has to go! NOW!!!!!!!!!!!!!... more
I just moved to the community less than a year ago and like it here very much. The pro's: Close to the grocery store, fairly quite area, friendly neighbors, a decent movie theater, close enough to Louisville for work, but far enough out not to deal with the city drama. great schools, good fuel prices for the area, property prices stay fairly stable.
The con's: Very limited night life in the town, two grocery stores, limited restaurants. Only two major roads in and out of the town. If one gets blocked, traffic becomes a nightmare. People tend to speed in the neighborhoods, but still tend to be very kid friendly.... more
It is very important to have a good agent who will have your back on any transaction. attorneys can be used, but most agents would have a rappore with one to ask questions, and if necessary direct you to a realestate attorney... more
Our team has helped many clients with their VA loan. If you are not working with a Realtor, we would be more than happy to find the perfect one for you. No cost to you what so ever. Give us a call if this is something that interests you. 50-300-1646 Have a great week!... more
The good news is that Mount Washington is one of the few neighborhood areas that did not suffer a sales slump quite as deep as most parts of the rest of the Greater Louisville area. On the other hand, no one can say for certain. It would be better to express the question as a percentage, as in "how long before a 1% down payment could be recouped"? for instance, since it will depend heavily upon the overall value of the home.
Also, though, it depends on what you mean by "recoup." If you mean, would you be able to resell the home (aka "flip" it) within 3 months and walk away with your $10,000 + profit, that is a very different question from asking if you owned it for 2 years, with the market seemingly returning to normal in our general area, should you be able to get your money back out of the house if you needed to move at that time?
No agents would be able to give you an firm answer on that because we don't have crystal balls and a bad move by congress could change the market upswing, among many other things, but in this case we would all hope the answer to the last question above would be yes!... more
Hi, a BPO is a Broker's Price Opinion, and is similar to an appraisal or an indepth CMA (comparative market analysis). A relocation company or the relocation department of a large employer might order a BPO, or you could see this term in discussion of a foreclosure or short sale. An experienced real estate agent goes out to evaluate a property and does an indepth analysis of the neighborhood and recent sales and provides an opinion on the current market value (what price the house should sell for) of the home.... more
The laws surrounding the division of marital property are different for each state, but Kentucky is considered an â€œequal distributionâ€ state.
During a divorce, itâ€™s rare for both parties to settle on an agreement immediately, particularly if there are large amounts of debt in a marriage. First, the courts will determine which property and debts can be considered â€œmarital,â€ meaning that they were acquired during the marriage.... more
USDA may be willing to give a borrower an exception to a past bankruptcy or foreclosure prior to the three year period provided the borrower can document the cause of the past negative credit experience as being related to an illness or job loss and unlikely to reoccur.
Once the credit score exceeds 640, USDA allows this score to be considered as justification for allowing the borrowers debt-to-income-ratio to exceed the target ratios of 29% for the housing costs and 41% for the total debt ratio. Frequently USDA will approve loans where the housing ratios are in the high 30% range and total debt ratios are in the high 40% range.
Bottom line the Kentucky USDA Rural Development Loan Program is more flexible in approving a perspective borrower than any other loan program. But like any loan program today, theLoan Officer shouldnâ€™t assume that this level of credit flexibility will result in an automatic positive underwriting decision if the Underwriter doesnâ€™t feel strongly that the borrowers chance of success at homeownership is strong.... more
Everything is available it's just a matter of finding it, and if it seems really a big trouble for you then there are some good agents and brokers who have all the records and would really help you out with your problem.... more