Offer On A Short Sale All Locations : Advice

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Jory Blake, Real Estate Pro in Riverside, CA
Jory Blake answered:
Question about rent-back option in listing.
Yes! I specialize in this area of Real Estate and have published blogs ( http://riversidehomesales.blogspot.com/2013/03/moveuphomepurchaseriverside.html) specific to this topic.

In C ... more
0 votes Share Flag Sun Jun 16, 2013 Home Selling in Temecula
Michael Hamm…, Real Estate Pro in 30078
Michael Hammond answered:
Short sale from August 2012
What is the Listing Broker telling your representative, purelife9999? Would guess there has been some level of communication from BOA. Please call, text or email if we can provide furth ... more
0 votes Share Flag Mon Apr 15, 2013 Home Buying in Atlanta
Julie A. Hor…, Real Estate Pro in 92602
Julie A. Horvath answered:
If a home buyer has a less-than-perfect credit score, how hard will it be for them to get a mortgage ...
Hi Seanf,
How less than perfect is the score? I am able to offering financing to borrower's down to a 620 credit score through either FHA, VA (if you are eligible) and Fannie Mae. I ... more
0 votes Share Flag Thu Mar 20, 2014 Financing in Russian Hill
Sandra Lehto…, Real Estate Pro in New Ipswich, NH
Sandra Lehtonen answered:
If one is facing foreclosure, what other options do they have?
Hi Alison,

Thank you for writing in. This is a great question. There are a few options available to the homeowner who is facing foreclosure. They are as follows:

For a temporar ... more
0 votes Share Flag Mon Apr 14, 2014 Foreclosure in Potrero Hill
Meg Sahdala, Real Estate Pro in Miami, FL
Meg Sahdala answered:
Low Fico Score, Need to rent or buy quick!
Dear Marisol, I work with Different banks and they have solutions even for clients with a very low credit score. Please contact me directly at Meg@ViviendaRealtors.com
0 votes Share Flag Fri Jul 12, 2013 Home Buying in 33186
Steve (888)…, Real Estate Pro in 33480
Steve (888) 662-4404 answered:
offer made on Mt dora shortsale 3/25/13. reasonable time frame for approval?
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Maybe 10 months? Maybe 24 months?

I'd get stop chasing that carrot right now and find a re-sale or foreclosure that will actually close and before you a put thru 10 months of ... more
0 votes Share Flag Wed Apr 10, 2013 Home Buying in 32757
Marilyn Farb…, Real Estate Pro in Delray Beach, FL
Marilyn Farber Jacobs answered:
Will getting prequalified for a mtg. increase my opportunities to purchase?
Yes, and it will also give you an accurate picture of what price house to purchase.

If you need the name of a mortgage broker, call me and I would also be happy to help you find "the ... more
0 votes Share Flag Mon Apr 8, 2013 Home Buying in 33401
Susan Gouldi…, Real Estate Pro in Tracy, CA
Susan Goulding, 01490605 answered:
I make 42k a year what can I afford
Great questions that a fantastic lender can answer. There are a lot of variables when making the determination of how much you can afford. It depends on your credit score, other expense ... more
0 votes Share Flag Mon Apr 8, 2013 Home Buying in Tracy
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
Is the seller telling the truth about his mortgage?
He could very well be telling the truth. He's saying that it will take at least $500,000 (or maybe $514,000) to pay off the mortgage, penalties, etc. OK, he could be stretching the trut ... more
0 votes Share Flag Mon Apr 8, 2013 Home Buying
Sharon Cecco…, Real Estate Pro in Exeter Township, PA
Sharon Cecconi Sapp answered:
What are the advantages / disadvantages of selling a home privately, through a realtor or an auction? ...
It all depends on what you want to do and how fast you want it done. Selling the estate privately, through an auction or with a Realtor can all be successful in the right circumstances. ... more
0 votes Share Flag Fri Jan 24, 2014 Home Selling in 19526
Ginny Vickers…, Real Estate Pro in Fredericksburg, VA
Ginny Vickers SFR ABR MRP answered:
why don't they put the picture so we can see if the house is proper and clean?
If it's a new listing, the listing agent may not have had time to post pictures yet. In order for homes to sell quickly, buyers love to see pictures. Hopefully, there will be some soon! ... more
0 votes Share Flag Tue Apr 9, 2013 Foreclosure in Fredericksburg
Michael Cheng, Real Estate Pro in San Jose, CA
Michael Cheng answered:
What do I have to do to look into a foreclosure? How about pre-foreclosure?
For a foreclosure, you'll have to pull up county records and check with the foreclosing bank to see the current state of the process. Usually, that's all you can do since these propert ... more
0 votes Share Flag Sat Apr 20, 2013 Home Buying in Historic Old Northeast
Suzanne MacD…, Real Estate Pro in 07856
Suzanne MacDowell answered:
Can you make a lower offer when the house is a short sale?
You can make a low offer on any sale, the question is, will it be accepted? I do find that most buyers who are willing to tolerate the short sale process expect to get some compensatio ... more
0 votes Share Flag Mon Apr 8, 2013 Home Buying in Mio
Lon Mapes, Real Estate Pro in 92373
Lon Mapes answered:
my credit score is a 540 is it possible for me to buy a 200000 home i make 65000 my wife makes 45000 jus ...
Finding the right lender will be key to you getting a mortgage. If you want to email me at Lon@orangehillrealty.com I can recommend a couple to you.
0 votes Share Flag Sun May 5, 2013 Home Buying in 92545
Dan Tabit, Real Estate Pro in Sammamish, WA
Dan Tabit answered:
Arms length affidavit and Chase short sale
Raknopp,
Chase is one of the least reliable partners in a short sale. If they are the primary lien holder then they aren't your concern. The second mortgage holder is the one that is ... more
0 votes Share Flag Mon Jul 15, 2013 Home Buying
Dan Tabit, Real Estate Pro in Sammamish, WA
Dan Tabit answered:
Buyer offers $1,100,000 can't afford more. seller wants 1,170,000 . Buyer score ... a year 20% down. Mortgage options? ...
Jamesr,
Who says they can't afford more? It will really come down to what mortgage options you have. You are looking at a Jumbo loan in either case. If you are limited to $1,100k ba ... more
0 votes Share Flag Sat Apr 13, 2013 Home Buying in Chicago
Dan Tabit, Real Estate Pro in Sammamish, WA
Dan Tabit answered:
We're first time home buyers. We aren't quite sure where to dive in for searchi ... are not listed on Trulia. Where should we begin? ...
Derek,
Start by getting your VA loan approved. Meet with a lender soon and make sure there are no surprises on your credit report. The sooner you do, the more time you have to resolv ... more
0 votes Share Flag Tue Sep 3, 2013 Home Buying in North Miami
tim moore, Real Estate Pro in Nags Head, NC
tim moore answered:
Is it possible to purchase a home that is in the foreclosure process? According to Zillow, the owners ha ...
Understand that the owner must pay off the mortgage that is owed on the property and any liens to be able to sell it. Are you saying that you would offer enough to pay off the loan and ... more
0 votes Share Flag Wed May 21, 2014 Home Buying in Waukesha
Michael Hamm…, Real Estate Pro in 30078
Michael Hammond answered:
I am looking to purchase a home with a 570-620 credit score. Is it possible to get a loan in Atlanta f ...
Consider contacting a Lender, Dionne. There are many factors to consider in determining where your price point and loan amount could be. Please call, text or email if we can provide fur ... more
0 votes Share Flag Fri Jun 21, 2013 Home Buying in Atlanta
Tammy Drury, Real Estate Pro in Indian Rocks Beach, FL
Tammy Drury answered:
I am looking to buy a water view 2bedroom condo in Clearwater beach...looking at foreclosure props also...ca ...
Hello,

Looking for waterview properties on Clearwater Beach, there are very few bank owned and short sale properties available. When they come on the market, they go under contract ... more
0 votes Share Flag Sun Feb 16, 2014 Home Buying in Clearwater Beach
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