Short Sale Processing All Locations : Nationwide Real Estate Advice

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Valli Lopez, Real Estate Pro in San Diego, CA
Valli Lopez answered:
What is the max front/back ratio for a VA Loan? and does price of home matter?
We can go up to 60% but what matters is residual income, after all bills are paid, the VA requires a certain amount per family size be left over: it's something you can google and ... more
0 votes Share Flag Tue Feb 5, 2013 Home Buying in Temecula
Tamika Moses, Real Estate Pro in Pembroke Pines, FL
Tamika Moses answered:
Are the prices on duplexes in S.W. Miami going to continue to increase? is this just another bubble?
Hi ,

I may have some properties for you. The market continues to go up on a daily basis. I receive a lot of properties that are not listed on the MLS, and ca be bought at reasonable ... more
0 votes Share Flag Fri Feb 8, 2013 Home Buying in Miami
carlos parra…, Real Estate Pro in Monrovia, CA
carlos parrague answered:
Can I afford to buy?
I think so, it depends on where you want to live, but the best thing to do is go speak to a banker. Have him qualify you to see how much money you can borrow. have you saved any money ... more
0 votes Share Flag Sat Feb 9, 2013 Financing in Los Angeles
Michael Paige, Real Estate Pro in Upper Marlboro, MD
Michael Paige answered:
Why do banks take so long to approve a short sale?
The process to get a short sale approved can be a long one. There are a number of players involved. For one you have the bank, who works for the investor and if you have mortgage i ... more
0 votes Share Flag Mon Jul 25, 2016 Home Buying in Upper Marlboro
Michael J. L…, Real Estate Pro in San Diego, CA
Michael J. Lambert answered:
need help with VA Loan and home purchasing
Hi Anthony. You should be able to squeak by, and mortgage will likely be less than rent. Are you at Mira Mar or Coronado? Have you identified area? Michael J. Lambert 858 774 6040, ... more
0 votes Share Flag Tue Feb 5, 2013 Home Buying in San Diego
Suzanne MacD…, Real Estate Pro in Morristown, NJ
Suzanne MacDowell answered:
Do most short sale take a long time to go to settlement?
Yes, if a regular sale takes 60 days, a short sale takes at least 90, and often quite a bit longer. The pay off for buyers is usually a better price, but it requires patience, extreme ... more
0 votes Share Flag Thu Jan 31, 2013 Home Buying in Waldorf
Maria Cipoll…, Real Estate Pro in Coral Springs, FL
Maria Cipollone answered:
First time buyer
It is imperative that you shop around for a mortgage broker that can explore all your financing options and provide you with a pre approval letter with the amount that you can afford. ... more
0 votes Share Flag Tue Jan 29, 2013 Home Buying in Tulare
Daniel Lehman, Other/Just Looking in San Diego County, CA
Daniel Lehman answered:
Are there any programs to buy a home with no money down? or what is the minimum down payment...? and what are the programs qualifications?
Yeah, there is the VA loan which is zero down, but you have to be a veteran. Aside from that, there are down payment assistance programs available as well to help cover your down paym ... more
0 votes Share Flag Wed Feb 27, 2013 Home Buying in San Marcos
Michael Cheng, Real Estate Pro in San Jose, CA
Michael Cheng answered:
Will house prices/value continue to rise in Manteca?
It depends on what you consider a good investment. If you're looking to protect your invested principal, then you should be fine in that time frame. If you're looking to get investmen ... more
0 votes Share Flag Tue Jan 29, 2013 Home Buying in 95336
Joseph Fleis…, Real Estate Pro in Irvine, CA
Joseph Fleischaker answered:
How to sell our 4 3 house in irvine to investors without being ripped off?
If you have equity in the house I would be willing to fund all the repairs and get it in great shape so you can get top dollar for it.
0 votes Share Flag Tue Jun 11, 2013 Home Selling in Irvine
Luis Cano, Real Estate Pro in Monterey, CA
Luis Cano answered:
I'm a first time homebuyer that needs help?
Here it is, Keith Collins. Office: 916-253-7820 Cell: 916-759-7354 email: web: best loan officer I have ever used. He has been doing ... more
0 votes Share Flag Wed Jan 30, 2013 Home Buying in Salinas
carlos parra…, Real Estate Pro in Monrovia, CA
carlos parrague answered:
hello im looking to rent 2 bedroom home for my family
I strongly suggest you contact a local agent. Why not? Landlord pays the commission. I suggest Shannon Chang 626-319-8545
0 votes Share Flag Sat Jan 26, 2013 Home Buying in Covina
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
how low can the offer be?
A LOW offer can go all the way to insulting!

I have seen Buyers want to HURT the Seller with their offer.

There's a very old saying:
"In order for there to be a good sale; the Se ... more
0 votes Share Flag Mon Feb 4, 2013 Home Buying in Little Village
Cindy Davis, Real Estate Pro in San Diego, CA
Cindy Davis answered:
what do you guys think?
Any answers I could offer would be guesses. I presume this is a short sale and they can take anywhere from 2-6 months on average. Good luck.
0 votes Share Flag Sat May 10, 2014 Home Buying in 91709
Bruce Slaton,  in Elk Grove, CA
Bruce Slaton answered:
what do you guys think?
Elizabeth's post is spot on. Also if there is a 2nd, this is usually where the hiccup and delays start. Citi can be great but alot depends on who owns the loan as well. We submitted ... more
0 votes Share Flag Thu Jan 24, 2013 Home Buying in 94207
Shanna Rogers, Real Estate Pro in Murrieta, CA
Shanna Rogers answered:
I'm buying a short sale and is take for ever is have been a six month and I ask my agent said they send ...
Hi Jkcolino,

Have your Realtor contact the Listing Agent to see the status of the short sale. The Listing Agent can contact the short sale negotiator (bank) for a status update - yo ... more
0 votes Share Flag Tue Jan 22, 2013 Home Buying in New York
Dan Tabit, Real Estate Pro in Issaquah, WA
Dan Tabit answered:
what are the chances I get a 130k loan with 30k down , 730 credit score and 49% dti?
Possible, depending on other factors. Meet with a local full service lender and discuss your plans and goals. DTI is a problem which can often be overcome by a careful examin ... more
0 votes Share Flag Tue Jan 22, 2013 Home Buying in Los Angeles
Cindy & Tony…, Real Estate Pro in Lake Wylie, SC
Cindy & Tony Altieri answered:
Do appraisers include foreclosure and auction sales as comps when pricing a property ?
An appraiser can use any comps he wants, which seems very unfair. We have not experienced an appraiser using FC or Short Sales on amy of our recent closings/appraisals for our homes we ... more
0 votes Share Flag Mon Jan 21, 2013 Home Buying in Charlotte
Carl Head, Real Estate Pro in Maitland, FL
Carl Head answered:
Mom's condo should I attempt short sale? or rent out and lose $$? or walk away?

I can appreciate your concern. I am dealing with a similar situation with my own elderly mother now. Please feel free to contact me directly, and I ... more
0 votes Share Flag Wed Apr 17, 2013 Foreclosure in Orlando
Jerry Heard, Real Estate Pro in San Diego, CA
Jerry Heard answered:
What are my options if my family is growing and need to buy a second primary home, i currently have a condo w fha loan. I have great credit, dp 15k
This is a question that is best answered by a lender. There are many variables that would need to be addressed by the lender.
This link will give you the contact information on l ... more
0 votes Share Flag Thu Jan 17, 2013 Financing in 91914
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