There are many homes on the market at a great price. The challenge is location and the amount of work the home needs. If you are willing to do some renovation work youself or hire a contractor there are many homes to consider. Get connected with a Realtor who is familiar with the area you are interested in and dont forget to look at homes that are being auctioned online. I have seen some homes that are almost move in ready that are bank owned. Also, get pre-qualified by a mortgage lender if you are planning to finance the home or be prepared to show proof of funds for cash deals, you will need that to submit an offer. Good luck!... more
Owner financing is when a homeowner owns a piece of property outright and is willing to contract directly with the buyer and act as a bank, usually charging interest which is ammoritized over the life of the loan. It is a option with caution on both sides and can be appealing for some sellers and buyers.... more
We have a portfolio "2nd Chance" loan that allows you to buy again just one day after Short-Sale or Foreclosure. You can only have one on your credit and you will need a 20% down-payment and 660 mid FICO score. Late payments acceptable.
This loan is available in - AZ, CA, CO, DC, FL, HI, IL, MD, MT, NV, NJ, NY, NC, OR, SC, VA, and WA . Loan amounts up to $4 million +... more
To get out of the lease, you need your landlord's permission. Speak with him/her asap. Pay what you can and tell your landlord you cannot afford the apartment any longer. The sooner your landlord can find a new tenant, the better for you. You will be responsible for the rent until a new tenant comes along. If you do not pay your rent, you can be evicted for non payment. A landlord can file that eviction the day after your payment is due. And, although the courts in NJ really favor landlords, non-payment of rent is one of the easiest ways for a landlord to get an eviction order.... more
The dead line to file a tax return is April 1st. You can hire an appraiser for under $500 to come in and appraise your home for tax appeal purposes and they will help you with your paperwork to file for the appeal. If you know a Real Estate Agent, they can give you a market analysis of homes that have sold between January and October of 2012 and give you an idea of what your home is worth. But then you will have to fill out the paperwork on your own and come up with the values. The fastest and easiest way is to hire an appraiser because then all you have to do is attach the appraisal to the appeal papers.... more
Walking away from any contractor sale is tricky. Read your contract over thoroughly. Is a Short Sale Addendum included? Deadlines are critical and must be followed to the letter or the contract risks becoming invalid. Take a pencil and paper and make notes of all deadlines. An example would be ten days after the last signature on the contract. When was the last signature given, when is the ten day deadline?
Then look to see if there is any wording that says, something like" if buyer or seller has not ..... (fulfilled the required action) either buyer or seller may cancel the contract and all deposit money will be returned to the buyer with no further obligation." If you find something like this take your notes and your contract to a real estate lawyer and ask the best way to protect yourself. Remember you not only want out of the contract you want a return your deposit money. Of course the best time to consult a lawyer to review a contract is before you sign it, but they are the experts in helping you find a remedy. If it has only been a month, you may be just getting impatient. Remember short sales take a long time. If the bank has not received all the required documents it won't review the the package. Call the listing agent and try to get an update on where they are in the process. Good luck!... more
Crawl spaces can be tricky! If not done properly moisture will be trapped and create mold and rotting wood. It also can become a breeding ground for wood eating insects. If you are trying to decide whether or not to purchase this home based on the crawl space you really need to get the advice of a professional home inspector who can look at the specific property and advise you what remediations are required to avoid all of these problems. Better to do this before you go to settlement.
I will be happy to recommend an excellent home inspector who can help you with this.
Coldwell Banker- Casa Bella Realtors