56071 : Advice

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Ryan Bretzel, Real Estate Pro in Lake Elmo, MN
Ryan Bretzel answered:
I am an association manager and want to know how to get my homeowner's assocations FHA approved?
There are really 2 ways, DELPAP or HRAP. The first is about 1-2 weeks and $500-1000 in fees and the second I believe is free but take about 6 weeks.
0 votes Share Flag Tue Jul 31, 2012 Financing in 56071
Patti Ann Ka…, Real Estate Pro in Minneapolis, MN
Patti Ann Kasper answered:
How does somebody buy a condo that is not an FHA approved project? (its only at 24% sold so far). I want the condo, but no bank will write me a loan.
You could purchase it with Cash, a Conventional Mortgage, or it may be possible to get the Seller to give you a Contract for Deed. Even though you cannot get an FHA mortgage, there are ... more
0 votes Share Flag Fri Apr 13, 2012 Home Selling in 56071
Eric Boucher, Real Estate Pro in Manchester, CT
Eric Boucher answered:
How does a town home association become an FHA approved association?
HUD's guidelines is that up to 50% of the units can have FHA-insured loans and, in certain cases, up to 100% of the units in the project can be encumbered with FHA loans.

The approva ... more
0 votes Share Flag Wed Mar 21, 2012 Home Selling in 56071
Sergio Herna…, Real Estate Pro in Naples, FL
Sergio Hernandez answered:
can we ask for proof of another offer on a house, if we dont trust there is one?
I would discuss the situation with your present Realtor and immediately start working with someone else.
0 votes Share Flag Wed Apr 27, 2011 Home Buying in 56071
Rod Tietz, Real Estate Pro in 55020
Rod Tietz answered:
Can a sellers broker ask a potential buyers lender for copies of an outstanding purchase agreement on another home with diff. broker
I am not an attorney and this is not legal advice. Yes. The selling broker can ask if it is related to the same transaction. I don’t believe the lender or the buyer have to pro ... more
0 votes Share Flag Thu Feb 17, 2011 Home Buying in 56071
Lynn911.com…, Real Estate Pro in Dallas, TX
Lynn911.com Dallas Realtor answered:
How many back up offers will you take on a short sale?
It does not matter take as many as possible never know when 1st will fall thru, then other back up offers may have moved on with other homes with executed contracts.

National Featur ... more
0 votes Share Flag Wed Aug 19, 2009 Foreclosure in 56071
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