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Shelly Terry

"Real estate services to fit your lifestyle."
  • 1 Helpful Answer
  • 4 Answers
  • 6 Listings
Agent at RealtySouth
Specialties:
I'm an Accredited Buyer Representative (ABR) and a Seniors Real Estate Specialist (SRES) I love working with people of all ages. I especially enjoy helping ... show more
Certifications
& Awards:
I strive to continually improve my knowledge of real estate and have earned the following designations: Accredited Buyer Representative, Certified RealtySouth ... show more
Interests:
I am into fitness...I love going to the gym and taking group work-out classes. ... show more
About:
I am a professional, full time real estate agent providing real estate services to fit your lifestyle. I have past and present clients throughout the Birmingham ... show more
Testimonials:
"What My Clients Say
"While traveling down a long road in search of a home I have encountered many twists, turns, and obstacles in my journey. During
... show more
Shelly Terry answered:
On your first question...I'd suggest asking that question of a real estate attorney. In my experience, the seller (the bank) pays the liens. Liens on the property filed after the closing could become your (the new buyer) responsibility. In my experience, the committment of the title insurance company comes into play in a situation such as this.

On your second question, Have you talked to your buyers' agent about the need for a 203K loan for the home you are thinking of buying? There are definitely certain items that could be cited by the appraiser that would not allow for FHA financing unless they were repaired/corrected usually by the seller prior to closing or unless there is the FHA 203K loan along with your FHA loan so that you could repair/correct the problems after closing. Depending on the condition of the home, you might want to ask your buyers' agent to include in your offer and amount of money to be paid by the seller for lender required repairs. - Fri Sep 25 2009, 13:34

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