I would look at it as if it is on a busy street or corner property (perhaps 5% to 10% lower than a similar home situated mid-block). The ramifications would be that there are fewer buyers looking for this type of property. The potential buyer would be who's looking for less maintenance, does very little entertaining or someone with teenage children who longer use a yard.
Good luck... more
NFC is available to any one who will be a owner occupier in NFC targeted area's of town. It will not matter where you are moving from as long as you qualify for credit scores and income ratios. If I can be of any assisstance please feel free to reach out 515-669-7355 or firstname.lastname@example.org... more
I would ask your Realtor to talk with the listing Realtor as normally a court date has been set by now. Sometimes all the attorney appointed by the conservatorship needs to do is go to a judge to get it signed and approved. My guess is that there is more involved but the listing agent should be able to determine the reason for the delay and communicate that to your agent. Is everything ready on your side? If so, this COULD still be worked out on time.... more
I would be curious as to how they accepted it. Did they sign anything - and by they I mean the lender? If all you have is the signature of the seller and nothing signed by the lender, then you never had a contract. If they did accept the offer they should be telling you why they are raising the price, but I will bet they never signed anything. It might be that Wells found out there were more liens on the property as they did a title search which has been something I have run into twice this year on short sales.... more
You should of been warned of this type of thing happening. It may still fall apart even with a PA signed. The bank is still trying to tie things up with the seller. If the seller files bankruptcy at the last minute, it could have things fall apart. I have heard of this happening. Patience is what you need with short sales. Good Luck... more
You will no doubt have a number of local agents jump to support your interests but we would suggest that by having a letter of "proof of funds" from your bank and a deposit check ready for when the perfect opportunity presents itself.
Being prepared to make an offer and finding yourself in front of the line of interested buyers will definitely enhance your position.
Good luck with your search,
I think your best bets would be downtown right now as far as being close to desireable entertainment, really great low priced inventory right now, and a high demand for rentals.
West Des Moines would also be good if you're looking for a residential feel but close to dining,entertainment,trails etc.
Let me know when you are in town and I would be happy to help you find the perfect place.
Erin Rundall... more
Talk to a lender. You may go to your bank or get a recommendation. You will find out how much you qualify for to buy AND most important to the process of home buying you will get a pre qualification letter. Once this happens, you know exactly what you qualify for and where to look. Once you find the perfect property, you will make an offer. That offer will be accompanied with an escrow check (earnest money) and the pre-qualification letter your lender provides. It shows the seller that you are ready, willing and able to buy.
Good luck on your search!
Debbie Albert, PA
Coldwell Banker Residential... more
I'm in South Carolina and it is standard practice for listing agents to report to the MLS when the contract is accepted and it it then "pending" and when it is "closed". If the listing agent works in an office where they have administrative staff to enter this information, it may just be a timing issue since you just closed on Thursday. Nevertheless the other 2 realtors should have checked to see if the house was still available before bringing their clients - I would have.
I hope this helps! Have a great day.
Kris Deaton, Realtor, Accredited Home Staging Specialist
Asset Realty, Inc.
If it is your primary residence and you qualify for the credit, then you can apply as soon as you close. I assume you will be filing an ammendment to the 2008 return.
RE/MAX Real Estate Concepts,
Altoona, IA 50009
Licensed to sell Real Estate in Iowa.
No. Because the house isn't listed with a real estate agency, the agent who showed you the house would not be paid by anyone unless you agreed to pay them. However, most banks would pay an agency if they have a pre-approved buyer. It is possible that because of the bankruptcy, the bank doesn't actually own the property yet. It takes quite a while to happen and until they legally own it, there is nothing they can do. Once the bank does own it, they'll want to move it quickly. That agent needs to do a lot more research for you, otherwise, find one that will. REO (bank / lender owned) properties are seldom simple.... more
You certainly can negotiate. It is up to you how much time you want to spend negotiating, expect at least another three days for an answer. You are pretty close, at $6000 difference, the monthly payment increase is probably about $40.... more
The problem with short sales is you never know how long the selling lender will take to close. As a Realtor and consumer I do not understand this situation. You would think they would want it off their books ASAP but that does not seem to be the case. If you have a contact person with the lender you need to keep in contact with Him.... more
You need confer with mortgage broker all parties use different terms difficult to render an opinion unless the professional is part of your file. Have you spoken to the underwriter?
National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
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