Home Buying in Rex : Advice

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Jeri Patrick, Real Estate Pro in Savannah, GA
Jeri Patrick answered:
I was scheduled to close on a house bank decided to put it back on the market without cancelling with me is it possible to be put back on market?
You should contact your real estate agent. If you are not using one I would call a local real estate agent to help you with this process. Best of luck.
0 votes Share Flag Wed Jan 14, 2015 Home Buying in 30273
Rodney Mason, Real Estate Pro in Atlanta, GA
Rodney Mason answered:
What is the turn around time once your lender submits your approved loan to Georgia Dream for down payment assistance? ?
That is a question that only your Loan Officer should be answering for you. Only they will know the specifics of your file. Anyone else can only give you vague answers that will most ... more
0 votes Share Flag Sat Feb 8, 2014 Home Buying in 30273
Rodney Mason, Real Estate Pro in Atlanta, GA
Rodney Mason answered:
After 50 days file "closed" by lender b/c mortgage insurance wanted seller to sign promissary for 15k and they said no way! What is this about?
MI companies are very often not willing to take a large loss on a short sale. This is why they were requiring a promissory note.
0 votes Share Flag Wed Nov 14, 2012 Home Buying in Rex
Sherry Mezze…, Real Estate Pro in Atlanta, GA
Sherry Mezze 404-545-4118 answered:
I want to rent my townhome out and buy another home? Not sure what I need to do 1st, 2nd or 3rd? Get qualified, find a home, then rent. Please help!
Definately speak with a lender first. In times past you could rent your current home in order to cancel the mortgage debt but guidelines have changed in lending. Depending upon your e ... more
0 votes Share Flag Sun May 15, 2011 Home Buying in 30273
Lee Taylor, Real Estate Pro in Decatur, GA
Lee Taylor answered:
Is it normal process, when an offer has been presented in short sales, after 3 months you don't hear anything from the buyers realtor, and the?
I don't thin k that short sales are a plague, John. Mindset is powerful. We find what we look for, and my mindset is different than John's.

You start your question with &qu ... more
0 votes Share Flag Tue Jul 20, 2010 Home Buying in 30273
James Dudley, Real Estate Pro in Suwanee, GA
James Dudley answered:
buying a home that is a preapporved short sale with a fha loan. what are the chances it will past?
This is a hard question to answer without viewing the property.

Do you have a list of known items that need attention?

The seller most likely will not be able to make the repa ... more
0 votes Share Flag Tue Dec 29, 2009 Home Buying in Rex
Al Akerman, Real Estate Pro in New Jersey
Al Akerman answered:
thanks to all whom responded to my blog. when i said approved that was referring to the short sale. the FHA part has not been approved as of this time
Kaybug, it varies from bank to bank.

Some banks work quickly and you can have an approval within the week and some banks can take a month before you hear from them.

If there is ... more
1 vote Share Flag Mon Dec 28, 2009 Home Buying in Rex
Lynn911.com…, Real Estate Pro in Dallas, TX
Lynn911.com Dallas Realtor answered:
the houses that sell in foreclosure are in credit or cash
It depends on how you purchase the property via listing agent thru buyers agent? Court house steps? Auction?

Most will require your proof of funding thru a bank letter qualifying ... more
0 votes Share Flag Sun Dec 13, 2009 Home Buying in 30273
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