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Jeff Stewart, Real Estate Pro in Chicago, IL
Jeff Stewart answered:
How do we know what is the best price for a condo in downtown chicago?
This is exactly what your REALTOR should be taking care of! As a REALTOR, they use recently sold comparable properties to come up with the right price to offer. If you're not wor ... more
0 votes Share Flag Thu Apr 21, 2011 Home Buying in Chicago
Tyler Brown, Real Estate Pro in Cardiff, CA
Tyler Brown answered:
Rescind a foreclosure? How often does this happen sucessfully?
That is not likely to happen. Foreclosures do get rescinded, but it's often from the homeowner side. Did it sell to a 3rd party in eagle for cash? It's unlikely they would hav ... more
0 votes Share Flag Thu Aug 20, 2015 Foreclosure in Oceanside
Jeanne Prigi…, Real Estate Pro in Tampa, FL
Jeanne Prigitano answered:
I live in Hillsborough County in Florida, can I own a 2nd home near my current home and rent it out?
Yes. What is your concern.
0 votes Share Flag Mon May 7, 2012 Home Buying in Tampa
Tony McMahon, Real Estate Pro in WHITE PLAINS, MD
Tony McMahon answered:
We are a military family relocating to San Antonio at least for two years. Big question, should we buy or rent a house?
If you are new to the area and not sure which location would be best for you, and you are not sure of how long you will be living there, renting may be the route to take. At first maybe ... more
0 votes Share Flag Tue Jul 2, 2013 Home Buying in San Antonio
Ranj Mohip, Real Estate Pro in Chicago, IL
Ranj Mohip answered:
What do we do with 2 underwater mortgages?
Trulia is great for general advice, but you really need to sit down with an attorney to go over your situation and options. There are financial, credit, and tax issues that have to get ... more
0 votes Share Flag Mon Aug 8, 2011 Home Selling in Chicago
Jose Morales, Real Estate Pro in Lutz, FL
Jose Morales answered:
Credit score of 565 looking for FHA or USDA loan...
I have a lender that can go down to 580 with additional restrictions. Did you get all three scores? How long ago? You may need to work on your credit score to go up a little. Can recomm ... more
0 votes Share Flag Fri Jan 10, 2014 Financing in Davenport
Rudy R. McDo…, Real Estate Pro in Bloomfield Hills, MI
Rudy R. McDowell answered:
hi, i am in the middle of trying to refi my home. i have 1 main mortgage and a line of credit.
Hi, Elb. Any gift funds have to be sourced to insure they're coming from who's claiming to be donating them. WIth those donors that were hyper private about their bank statm ... more
0 votes Share Flag Mon Nov 15, 2010 Financing
The 2 Mortga…, Real Estate Pro in Kokomo, IN
The 2 Mortgage Guys answered:
Can I qualify for a second FHA Loan if I already have an FHA Loan?
Hi Sharron,

FHA only allows you to have one FHA loan at a time. Once you pay off your existing FHA mortgage you ca borrow with FHA again on future purchase. There are other options ... more
0 votes Share Flag Tue Feb 14, 2012 Home Buying in 46219
Janet Pearson,  in Fort Lauderdale, FL
Janet Pearson answered:
Agents...In your opinion, how much capitol should I expect to spend in the first year for operating expenses to get business off the ground?
Wow, what a question, Certainly it depends on the type of business and the cash flow that you expect to generate.
0 votes Share Flag Mon Nov 1, 2010 How To... in Fort Lauderdale
Cynthia Bell, Real Estate Pro in Cedar Park, TX
Cynthia Bell answered:
recommend lender for refinancing
My best suggestion, ask your family, friends and/or co-workers to see if they've recently purchase a home or refinanced and ask for a referral.

Good Luck!
0 votes Share Flag Wed Nov 3, 2010 Financing in San Rafael
Linda Cromar…, Real Estate Pro in Athens, GA
Linda Cromartie answered:
If a house in Heritage Hills appraised in 2006 at $315,000, what would it appraise at now assuming it is in the same condition?
Home sales from 2006 and from 2010 in Heritage Hills show an average increase in sales price of only $2,000. To obtain a better idea of current market value, this house would have to ... more
0 votes Share Flag Mon Sep 13, 2010 Home Buying in Chapel Hill
Linda Zimmer…, Real Estate Pro in Beverly Hills, CA
Linda Zimmerman answered:
With rates on 15 year mortgages below 4%, are your clients opting for a 15 year terms instead of 30 years?
My clients are still going for 30 year fixed because they like the lower payments.
0 votes Share Flag Fri Feb 11, 2011 Financing in Austin
Fred Glick, Real Estate Pro in Santa Monica, CA
Fred Glick answered:
Is 1.5% broker fee to high too pay for a 330000 refi on top of a refi that we did in less 2 yrs from the same broker?
Sounds high.

Why are you paying fees anyway? Get a slightly higher rate and have the lender pay them. Save your cash!

My margin for this would be .75

Fred Glick
0 votes Share Flag Tue Aug 24, 2010 Financing in Canyon Country
Loan Do, Real Estate Pro in Oceanside, CA
Loan Do answered:
I short saled a rental property last year. How long before I can buy a place to live in? Is it the law or just recommended?
There's no law saying you can't buy because of a previous short sale. However, you'll be hit with higher interest rate because of your lower credit score and the short sa ... more
0 votes Share Flag Tue Aug 10, 2010 Home Buying in Long Beach
Elden Alvarez, Real Estate Pro in Duluth, GA
Elden Alvarez answered:
2nd mortgage or home equity line of credit at time of buying the property.
Hello Jerry
Yes it is possible but there is usually a 6 month seasoning of homeownership on the property to get a home equity line of credit. There are other conditions that would need ... more
0 votes Share Flag Sat Jul 31, 2010 Home Buying in Atlanta
Anna M Brocco, Real Estate Pro in Williston Park, NY
Anna M Brocco answered:
how long does a short sale goes? I heard it takes too long and the process to buy on short sale is too rigorous, is that correct?
Short sales are by no means fast sales, unless already approved by the lender, therefore much patience is needed. As to the lenght time, it varies from lender to lender as some are quic ... more
0 votes Share Flag Mon Apr 8, 2013 Foreclosure in 90024
Team Foote, Real Estate Pro in Poway, CA
Team Foote answered:
Fixer-up or Move in ready
Hi Gary,

You will want to obtain market data to see what the trends are in the zip codes that you are considering. I would be happy to provide you with this type of information. If ... more
0 votes Share Flag Sun Sep 22, 2013 Home Buying in 92110
Teddy Jagess…,  in Wellington, FL
Teddy Jagessar answered:
I have literally been waiting for a short sale house for over 13 months now. Is that too long?
Have your short sale negotiator send the appraisal to the seller's lender certainly in 13 months the price you offered has changed most likely downward depending on where in the co ... more
0 votes Share Flag Tue Jun 1, 2010 Foreclosure in Los Angeles
James Gordon…, Real Estate Pro in Hamilton, OH
James Gordon ABR SFR SRS answered:
Appraiser is also a real estate broker? What the ....!!!!?
Snowshoed I know a couple of brokers who are liscenced appraisers and brokers. The ones that I know would risk their liscence on a bad or fraudulent apparaisal. As for the appraiser not ... more
0 votes Share Flag Sat Apr 10, 2010 General Area in Cupertino
Deborah Madey, Real Estate Pro in Brick, NJ
Deborah Madey answered:
Anyone know anything about an Orange Mortgage Bank or Company in NJ? A phone number or address?

Orange Loans are offered by ING and named after their company color and logo. They provide loans in several states, not just NJ.

Deborah ... more
0 votes Share Flag Tue Mar 30, 2010 Foreclosure in East Hanover
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