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Betsy and Ken…, Real Estate Pro in 53217
Betsy and Ken Head answered:
What's the typical process when buying a short sale?
There is not a typical process in buying a short sale, first you get an accepted offer with the seller and then it goes to the bank for final approval and that can take allot of time. ... more
0 votes Share Flag Tue Mar 6, 2012 Home Buying in Milwaukee
Bob Haglund, Real Estate Pro in Milwaukee, WI
Bob Haglund answered:
What are some tips for first-time home buyers?
Don't agonize over petty details and amenities that might have you miss or delay a great opportunity in the grander scheme of things. And hire a Buyers Agent to help with the enti ... more
0 votes Share Flag Mon Mar 5, 2012 Home Buying in Milwaukee
Bob Haglund, Real Estate Pro in Milwaukee, WI
Bob Haglund answered:
Which costs are potentially negotiable in closing costs
Possibly ALL costs incurred. It pays to shop more than just the rates when considering a mortgage. You need to ask up-front but know that you are entitled to a full disclosure prior t ... more
0 votes Share Flag Sat Mar 3, 2012 Home Buying in Milwaukee
Eric D. Lenz, Real Estate Pro in Wisconsin
Eric D. Lenz answered:
What are some effective ways to increase the value of your home before selling?
Clean, paint and repair are probably the most cost effective. De-clutter. Inside and out. Replace worn carpet. These are ways to increase the value MORE than the cost of doing it. Other ... more
0 votes Share Flag Sun Mar 4, 2012 Home Selling in Milwaukee
Fran And Mark…, Real Estate Pro in Yardley, PA
Fran And Mark Redding answered:
WHAT BANKS ARE MAKING ITIN HOME LOANS?
Hi Edna

Sorry to say but ITIN loans are a thing of the past. Between the mortgage crisis an 9/11 lenders are much more discerning than in the past and when added in to Homeland Secur ... more
0 votes Share Flag Thu Mar 21, 2013 Home Buying in 53224
Linda S. Cef…, Real Estate Pro in Franklin, WI
Linda S. Cefalu answered:
What are some surprises that first-time buyers encounter when purchasing a home?
Prior to purchase I have had buyers come to me after using the online mortgage calculators. The issue is that they do not tell the whole story. Buyers need to be fully informed before ... more
0 votes Share Flag Sat Mar 10, 2012 Home Buying in Milwaukee
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
I am looking for a house with owner financing?
Why the question mark after the statement? I am confused. Are you telling us you're looking for a house or asking a question and I find it interesting a mortgage broker is looking ... more
0 votes Share Flag Mon Feb 13, 2012 Home Buying in Washington Heights
Roland Vinya…, Real Estate Pro in Sprakers, NY
Roland Vinyard answered:
Demolish 1 car garage and build a 2 car garage?
Not being familiar with your locality, I can only give a general answer, and that would be "Probably not". If you spend $15 or $20000 on a garage, it will raise the value of y ... more
0 votes Share Flag Wed Feb 1, 2012 Remodel & Renovate in 53226
Troy Miller , Real Estate Pro in 53051
Troy Miller answered:
I contacted the agency for a house I was interested in and they assigned me a realtor who is friends with the seller...is this a conflict of interest?
Jessica,

If you sign a buyer agreement with the agent they are contractually obligated to represent you and your best interests, not the sellers.

If you feel uncomfortable with th ... more
0 votes Share Flag Wed Jan 18, 2012 Home Buying in Milwaukee
Kris Plechaty, Real Estate Pro in Menomonee Falls, WI
Kris Plechaty answered:
We are waiting for an answer from the bank on a short sale (6 months!). Found another house we like.
Good Morning Bill!

It sounds like the closing on this house may not happen! Short sales can and do typically take longer to close than the non-short sale transaction; however, buye ... more
0 votes Share Flag Sun Dec 25, 2011 Home Buying in 53227
Bill Eckler-…, Real Estate Pro in Venice, FL
Bill Eckler-Florida, answered:
Looking for the perfect real estate agent for real estate investors.
Sounds like your average, every day real estate professional in the states......
0 votes Share Flag Thu Dec 15, 2011 Home Buying in Milwaukee
Linda S. Cef…, Real Estate Pro in Franklin, WI
Linda S. Cefalu answered:
how do I get an MLS # and list a home for sale by owner in Milwaukee WI?
Snagy02,

You cannot do it on your own. You would need to list with someone that is a Member of the REALTOR'S® Association. There are some limited services companies that wi ... more
0 votes Share Flag Thu Dec 8, 2011 Home Selling in 53223
Suzanne MacD…, Real Estate Pro in 07856
Suzanne MacDowell answered:
What is more beneficial to the bank, to sell a house as a short sale or foreclose and sell it?
Bill - are you working with a realtor? You should be! The answer to your question is, logically, it is more beneficial to do the short sale, but the banks are overwhelmed and, since t ... more
0 votes Share Flag Sat Nov 23, 2013 Home Buying in 53227
Shane Milne, Real Estate Pro in Laguna Niguel, CA
Shane Milne answered:
Any lenders that will qualify a conventional loan with 610 credit score and 12 months good payment history? 7400/mo. income; 2300/mo debt.
You are permitted to obtain a second FHA insured primary residence loan when the existing home no longer meets your family’s needs due to increase in the number of legal dependen ... more
0 votes Share Flag Tue Jul 16, 2013 Home Buying in Milwaukee
Maureen Fran…, Real Estate Pro in Birmingham, MI
Maureen Francis, Birmingham MI answered:
Can a non resident of Michigan claim property taxes paid to Michigan if he has no income in Michigan. I am in the process of buying a 2nd home in Mich
Not sure what you mean by "claim property taxes"? Are you wondering if the taxes are a deduction on your federal income tax?
0 votes Share Flag Sat Oct 15, 2011 Home Buying in Milwaukee
Troy Miller , Real Estate Pro in 53051
Troy Miller answered:
My boyfriend and I live together. My name is not on deed, what rights do I have to the house if he dies. I will be paying 1/2 of the monthly mortgage
Barbie,

You may want to consult an attorney but I think bottom line is if you are not married and not on the deed you have no rights to the house regardless of what you put into it o ... more
0 votes Share Flag Mon Apr 15, 2013 Home Buying in Milwaukee
Walter 'Skip'…, Real Estate Pro in Brea, CA
Walter 'Skip' Kersten answered:
can I show my downpayment of home purchase as my saving for deduction of tax?
Hi Sup,
You will need to show a bank or investment acount statement with the money in the account for proof of downpayment.
Good luck,
0 votes Share Flag Wed Sep 28, 2011 Financing in 53226
Dan Tabit, Real Estate Pro in Sammamish, WA
Dan Tabit answered:
what should you worry about regarding a short sale?
Alex,
First way to reduce worries is to know that both your agent and the listing agent are knowledgeable and experienced with short sales. There are so many issues to be aware of th ... more
0 votes Share Flag Fri Sep 23, 2011 General Area in Milwaukee
Denis Greate…, Real Estate Pro in Hudson, WI
Denis Greatens answered:
If I like a short-sale home, how low can I go on an offer? It's been on the market for a while.
You should have your agent perform a Comparative Market Analysis(CMA) on the property you are interested in. This will not only give you a good idea of what the current market value for ... more
0 votes Share Flag Mon Aug 29, 2011 Home Buying in Milwaukee
Lola Witecha, Real Estate Pro in Milwaukee, WI
Lola Witecha answered:
I am currently interviewing for a job at CHW. We are looking to rent first. We need somewhere with a yard within walking distance to entertainment.
Wauwatosa is a great area. Did you see 265 N 114th St, Wauwatosa, WI 53226 ? Looks nice!
0 votes Share Flag Wed Jul 10, 2013 Rentals in Milwaukee
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