USDA uses all income in the house to qualify. if you were married or not, it would not make any difference to your qualification.
Its a close call. I need more information.
Cornerstone Lending Inc
Southampton Pa 18966
215 953 0800
cell 267 992 7276
VOTED BEST IN BUCKS 2010 & 2012
NMLS ID 143960... more
You can also go to http://appraisersforum.com/ to learn more. I would talk to your agent and get a hold of their lender to get solid answers. I'm sure Karen knows lenders in that area and can help you. I would use a loan broker or popular direct lender that uses multiple investors. Avoid the banks!... more
Not sure what address you're referring to, but it's probably nothing an agent (or Trulia) or any human can correct. Trulia pulls listings from MLSs and other websites. It';s all computerized. It's likely that the google maps function is just not detecting the correct location for whatever reason. Unfortunately, computers aren't always that smart and they do make mistakes. Good luck to you!... more
No, both names do not have to be on the deed. Here are different types of home ownership.
A freehold estate is an estate involving ownership. There are two types of freehold estates - fee simple and life estate.
In a fee simple estate which means you have 100% ownership, there are four ways it can be held.
1. estate in severalty - sole ownership
2. tenancy in common - held by two or more persons. Each person has undivided interest in the whole property. All owners have equal rights.
3. joint tenancy - shared by two or more persons that must have equal and undivided interests.
4. tenancy by the entireties - an estate for husband and wife only.
A life estate is created when an owner of a fee simple estate conveys ownership to another, but only for the balance of the lifetime of the party to whom the property is conveyed.
Seek advice of a real estate lawyer in order to determine which type of estate you would like when owning a property.
Tammy Hayes, Realtor, Sandals Realty, Punta Gorda, FL... more
If your target property is a short sale the sellers may still be collecting offers on the property.
You should find out what the rules of the process are in your jurisdiction.
Are lenders allowed to keep the properties marked active?
Was this a short sale.
Is the seller still looking for higher offers to submit to the lenders.
If the property is not a short sale, then your agent may wish to check with the MLS to see if the property is marked pending.
Most MLS vendors will not push pending out to trulia ( in my experience).... more
My name is Liz Caplan and I would love to help you find the right home to meet your needs. As an experienced Realtor with Coldwell Banker my office is loctated in Squirrel Hill and I specialize in buying and selling homes specifically in the East End area of Pittsburgh. I am very familar with homes in Verona, Penn Hills and surrounding neighborhoods.
I would recommend that you meet with Coldwell Banker Mortgage advisor from my office who can assist with a no-cost mortgage quote and discuss a variety of financing options. I would love to work with you and see how I can assist with your buying and selling needs. Please visit my website www.PittsburghHomeSite.com to learn more about my services and let me know how I can assist with any other questions and schedule a time to discuss your needs.
Liz Caplan... more
Here's an answer I posted recently for a similar question. Here are some ways:
To find lease-to-own properties, you often have to use some creativity. Most aren't listed on the MLS.
If you use a Realtor (a good idea, by the way), your Realtor has to go beyond searching key words. And there are plenty of ways you can find a lease option on your own, as well.
The main point is that a large number of homes for sale or for rent are owned by people who'd be interested in offering the properties on a lease to own or land contract. But most won't be listed that way. So you really have to go beyond the obvious--having an agent look in the MLS for "lease option."
There really is no "best" way to find them. It depends on your neighborhood, what you're looking for, what you can afford, your comfort zone. (Are you willing to call up people who are advertising their houses to rent and ask them if they want to offer a rent-to-own? Some people are; some aren't.) So, read through the list and pick 3 or 4 that make sense to you.
Here are just a few ways.
**Using a Realtor**
[Note: If you use a Realtor--which is fine--ask them how they'd find lease-purchases. If they can't come up with more than 1 or 2 of the answers below, find another Realtor.]
--Some lease-purchases (for simplicity's sake, from here on I'll call them lease-options--in other parts of the country, similar arrangements may be called rent-to-own, land contracts or contracts for deed) are listed in the MLS. Not too many, but some. That's where to begin. However, that's not where to end.
--Search for homes that are listed both to rent and to sell. There may not be any comment that the property is a lease-option, and maybe it didn't even occur to the seller. But a property that a seller is willing to lease, but is also willing to sell is a perfect candidate for a lease-option.
--Search for homes that are listed for rent, but were previously listed for sale. It's likely that the owner was trying to sell the house, but wasn't able to. Now he/she is willing to rent it. That's another perfect candidate for a lease-option.
--Search for homes that are listed for sale, but were previously listed for rent. In today's market, there will be fewer of them, but it happens. Again, another great candidate for a lease-option.
--Search for homes with expired listings. The owners wanted to sell, but weren't able to. Many will consider renting the property, especially if it's vacant.
--Search for homes listed for sale that are vacant. The owners are hurting. They might appreciate the cash flow they'd receive from leasing the property.
--Search for homes listed for rent that are vacant. Again, the owners are hurting. And most owners of single family homes are "reluctant landlords." That wasn't their long-term strategy. Especially if they're bleeding, they may just want to get the property off their hands.
***Not Using a Realtor***
I'm not advising doing it yourself, but you certainly can. Any competent Realtor--and there are many--should be able to find you plenty of lease-option opportunities using the strategies above. However, here are a few other ways to do it.
--Advertise on sites like CraigsList for a lease-option. Advertise under both the rental and purchase areas.
--Go through the papers and look for properties that owners are trying to rent out. A lot of them won't be listed in the MLS. Approach them and explain that you'd like to rent their property for awhile, then have the option to purchase it.
--Look for FSBOs. Same basic pitch to them. You'd like to buy their house, but would like to rent it first.
--Choose a neighborhood you like. Knock on doors. Ask, "Do you know anyone in this neighborhood who might be interested in selling their home?" Often, you'll turn up people before the home is listed. Again, you explain you're interested in buying, just renting awhile first.
--Put cards up in your local supermarket.
--Attend a meeting of your local real estate investors club. It may cost $10 or $15, or maybe nothing. There's usually a time near the beginning of the meeting when investors can stand up and offer or solicit deals. You can stand up, too, and announce that you're looking for a rent-to-own. Specify what you're looking for (number of bedrooms, baths), geographic location, type of property (townhouse, single family home, etc.), maximum amount you're willing to spend on rent and purchase, and anything else that's relevant. Print up some one-page factsheets with details. Make sure you put all your contact information on there. To find your local real estate clubs, go here: here: http://www.creonline.com/real-estate-clubs/index.htm... more
Your credit score is a reflection of your credit history. Creditors rely on it to help guide them in deciding how much to trust you with their money (making you a loan) or their property (apt rental, for instance).
When you say you are 'in final stages of cleaning credit reports', I trust that you mean that you have taken care of removing some negative reports that were there erroneously. Those corrections should be reflected quickly.
Building a 'near perfect" credit score takes time- that is the whole point of it. Here's how you do it:
1) Look for a vehicle that you can pay for. Put the money in the bank. Borrow the money on an installment loan . PAY the payment ON TIME EVERY MONTH!
2) Get a gas credit card that you only use to buy gas. Make the payments ON TIME EVERY MONTH!
3) Secure 1 (one) credit card that you use to buy only things that you can pay off every month.
4) Continue this practice for several years.!!
The good news is that you do not need to start with a 'near perfect' credit score to get prequalified for a mortgage.YOU JUST NEED TO PAY EVERY BILL, EVERY MONTH, ON TIME!!. Don't be drawn into buying things that you do not have the money to pay for-- enough emergencies will come up on their own.
ps. SMART investors pay themselves first!--put some money in savings every month, just as if it is your most pressing bill.
Blessings as you plan and do things the right way--that near perfect score will follow. ( : ))... more