Dawn Rupersburg

FHA will not pay any buyer's closing costs or pay the seller's delinquent HOA fees. Read the approval to participate letter that was sent to the seller as it discloses what they will and will not pay for. You also cannot raise the sales price to cover closing costs on an FHA short sale. FHA will not allow it.

You mus follow all the FHA rules to close. - Fri Oct 31 2008, 11:52

I would want to know how sewer water is going into a creek instead of a septic tank. In our area this would be a building code violation. If you bought the home AS IS your going to be out of luck as the seller does not warrant anything. - Thu Oct 9 2008, 16:22

Some people may think this is a simple question, but for a first time home buyer it is a very important question. Make a budget and make sure you are putting away money in your personal savings and 401k in that budget plan. Put down all your monthly expenses any and everything you can think of.

How much of a payment can you afford each month now that you look at all your
expenses and your income? If your married run your household on one income just in
case one of you looses your job because it does happen.

There is a first time home buyer credit that can help out after you buy the home click on link - Thu Oct 9 2008, 16:07

I would find an agent who is trained in negotiating short sales with the bank. There are properties being advertised as short sales and are not qualified to be a short sale. So the first question is: Is the seller qualified to sell their property as a short sale? Now, if the property can be sold as a short sale then there is the experience of the negotiator that can make or break a deal. There is a complete package of information that must go to the bank before the bank will negotiate the offer. If the paper work is sloppy or the package incomplete it goes to the bottom of the pile. How the HUD statement is prepared and sent to the bank is critical to the deal and that is when you need someone who knows what there doing. Even the title companies mess these up. If I have a buyer who is interested in a another agent’s listing that is a short sale I make sure the other agent has qualified the seller and has a negotiator that knows what there doing or I won’t show the house as it’s a waste of time. How long it takes the bank to respond will depend on if your negotiator turned in all the right paperwork. - Thu Oct 9 2008, 15:24

If your looking in Marion County Florida or Ocala Floirda I post a lot of them on my web site. I also know of others that I do not post. - Tue Mar 18 2008, 16:35