What Is Hoa Rental Hardship All Locations : Nationwide Real Estate Advice

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Diane Taylor, Real Estate Pro in Annapolis, MD
Diane Taylor answered:
My mortgage is underwater but still interested in buying a home
Cecily

I would definitely talk with a lender - if you want to rent out your current home there are guidelines with regard as to what the lender will count, if anything and you have t ... more
0 votes Share Flag Tue Aug 30, 2011 Home Selling in Howard County
Derrek Patri…, Real Estate Pro in Greenwood Village, CO
Derrek Patrick answered:
I want to foreclose on my condo but I am not sure if it is my best option. I am almost $40,000 in the hole, ...
Short selling may be a better option for you. Contact me and we can discuss your situation.

Derrek S. Patrick
303-470-9880
derrek.patrick@coloradohomes.com
0 votes Share Flag Fri Apr 20, 2012 Foreclosure in Denver
Kevin T. Wat…,  in Fort Myers, FL
Kevin T. Watts answered:
Thoughts about investing in Gardens at Beachwalk. I am interested in purchasing ... seasonally - is this feasible? Is HOA stable? ...
Yes, It is a great location. Ihave sold some units in there lately. The HOA was approved by FHA.

Call or email me anytime.

Kevin T. Watts
Sandals Realty of SWFL
239-898-4217
... more
0 votes Share Flag Thu Nov 3, 2011 Home Buying in 33908
Rian Muleback,  in Portland, OR
Rian Muleback answered:
I am disabled and underestimated the difficulty of home maintenance, care and upkeep when I bought my first house. Needing guidance.
This is a question that really can't be answered on a computer. Bottom line is you need to sit down and discuss your options with someone whether it is a real estate professional, ... more
0 votes Share Flag Tue Jun 7, 2011 Home Selling in Portland
Penny OBrien, Real Estate Pro in Las Vegas, NV
Penny OBrien answered:
rent home or keep empty? Possible tax implications when forced to relocate for work.
Hello,

Please get in touch with your CPA or attorney. They will be able to advise you on all your above questions.

Good LUCK.
Penny O'Brien with Simply Vegas
702.321.938 ... more
0 votes Share Flag Mon May 23, 2011 Home Selling in Las Vegas
Madeleine Se…, Real Estate Pro in Anaheim Hills, CA
Madeleine Semaan answered:
WE RE-FINANCED OUR HOME AND TOOK OUT A LINE OF CREDIT......IF WE DECIDE TO WALK ... , WHAT RECOURSE CAN WE EXPECT IF ANY FROM LENDER. ...
Well if you have consulted an attorney he should have explained to you tax consequences in ca pertaining to the line of credit.if its large Amount they can pursue u with a deficiency j ... more
0 votes Share Flag Thu Aug 15, 2013 Foreclosure in La Puente
Nadine Mauro, Real Estate Pro in Lake Worth, FL
Nadine Mauro answered:
had to move for job relocation. Option was stay and be out of work. What can we do with the house? Its und ...
Hi Nmbound,

One of your options would be to do a short sale on the house. If you had to move for employment reasons and the revenue from the rent is not sufficient to pay the mo ... more
0 votes Share Flag Thu Apr 7, 2011 Foreclosure in 33322
Kirsten Cono…, Real Estate Pro in Atlanta, GA
Kirsten Conover answered:
Is it better to buy a house or a condo for a second home?
That's really up to you and the location and lifestyle that you want for your second home. I have several clients who own a single family home as their primary residence-- they lo ... more
0 votes Share Flag Mon Apr 25, 2011 Home Buying in 34292
Rina Podolsky, Real Estate Pro in San Diego, CA
Rina Podolsky answered:
Looking at condos (short sale maybe) in 92101 zip for rental income only, budget is $200-210K all in cash. ...
Hi Bella,
When you ask about anticipating problems there are many steps to this process where issues may arise.

First part will be locating the units for the budget you have set. ... more
0 votes Share Flag Wed Dec 19, 2012 Home Buying in San Diego
Bonnie Bedda…, Real Estate Pro in Seattle, WA
Bonnie Beddall answered:
Can I get Firsttech Credit union to modify my loan if my house value is way underwater? I cannot seem to r ...
The answer to whether you can get your loan modified depends on a number of factors including current income level, amount owed, debt to income ratios, type of loan program and so on. ... more
0 votes Share Flag Mon Jan 24, 2011 Foreclosure in Seattle
allan erps,A…, Real Estate Pro in Pearl River, NY
allan erps,ABR,SFR answered:
I have 2 properties 1 I can't pay it any more. what can I do.?
Hello, Know in most cases that the Bank will not talk to you or negotiate until you are behind in payments for 3 or more months. Think you should consult a Real Estate Attorney or an Ag ... more
0 votes Share Flag Fri Jul 20, 2012 Home Selling in 33314
Jennifer Mul…, Real Estate Pro in myrtle beach, SC
Jennifer Mullen answered:
I have an investment property that is 100k underwater and has a negative 13k peryr. I have good credit, m ...
Have you talked to your lender about a loan modification? If that is not an option you may want to consider a short sale. I would suggest you call an agent who has short sale experien ... more
0 votes Share Flag Tue May 3, 2011 Foreclosure in Myrtle Beach
Gerard Dunn, Real Estate Pro in Chevy Chase, MD
Gerard Dunn answered:
Upside down on my condo. Bought for 350. Worth about 270 now. Refinance? Rent and move out? Sell?
I would rent out the unit until the market improves.

You are better off paying a little bit each month out of pocket to subsidize the mortgage than take the big hit in a down marke ... more
0 votes Share Flag Mon Mar 12, 2012 Financing in San Diego
Alan May, Real Estate Pro in Evanston, IL
Alan May answered:
I bought the unit with no restriction on renting now can association change its rule in the middle and say you can not rent anymore.
Yes, of course they can. The association is in charge, and can make any rules they want (following the structure allowed by their bylaws).

Some rules require only a vote by the board ... more
0 votes Share Flag Tue Nov 9, 2010 Rental Basics in Chicago
Gerard Dunn, Real Estate Pro in Chevy Chase, MD
Gerard Dunn answered:
Other than impacting ones credit score, what are the other pros and cons to Short Sale vs. Foreclos ...
Both of these processes will severely impact your credit.

After a short sale - you can be eligible to qualify for a mortgage loan after 2 years.

After a foreclosure - it can take ... more
0 votes Share Flag Tue Oct 19, 2010 Foreclosure in 90025
Megan Broom,  in Atlanta, GA
Megan Broom answered:
Is buying a condo in Atlantic Station a good move? They're really affordable right now.
I would recommend Buckhead. There is a transformation of Buckhead currently taking place which will only increase values. Atlantic Station has had a lot of crime recently. If you send m ... more
0 votes Share Flag Tue Sep 28, 2010 Home Buying in Atlanta
Scott Miller, Real Estate Pro in Boca Raton, FL
Scott Miller answered:
Past HOA dues after foreclosure or short-sale?
Hi Hoa. Why don't you contact the president of the HOA and ask them to rent out your unit starting tomorrow? Ask them to keep all of the monies that are paid for rent and apply t ... more
0 votes Share Flag Wed Sep 29, 2010 Foreclosure in Los Angeles
Jayson Magui…, Real Estate Pro in Watertown, SD
Jayson Maguire answered:
Is it better for a bank to foreclose or do a workout with the property owner?
Short sale all the way the bank does not in cure as much legal expense and holdig time it is a win win for the buyer and seller
0 votes Share Flag Wed Sep 22, 2010 Foreclosure in Yardley
Alma Kee, Real Estate Pro in Tampa, FL
Alma Kee answered:
Short sale question....
The most prudent move is for you to rent for a year, then buy. That way you will have ample time to make a well informed decision on where you will live.

Realtors don't like wa ... more
0 votes Share Flag Fri Apr 24, 2015 Home Buying in 33647
Thom Colby, Real Estate Pro in Irvine, CA
Thom Colby answered:
is it normal to lease a townhome if the comps in your area aren't high enough to warrant a sell? wha ...
Hi Kris - I think I just answered another of your questions....

If you the values are depressed and you can afford to pay the mortgage and carrying costs by receiving market rent for ... more
0 votes Share Flag Wed Aug 25, 2010 Home Selling in Houston
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