I am a specialist in REO foreclosure properties. I have helped many first time home buyers find the home of their dreams at a price they can afford. I have worked with many investors looking for properties to flip or to hold and rent. I manage REO properties from the time the foreclosure starts all the way through to getting it sold to it's new owner.
I enjoy taking care of these homes and watchig them transform into something the new owners can be proud of. But I also have a passion working with the first time homebuyer. I am honored to be able to partake in this great milestone in their lives. I enjoy their enthusiasm and desire to learn about the home buying process.
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Trulia Voices!
The best advise anyone can give, is to speak with a tax professional or an accountant, they can run the numbers for you. There are tax write offs and additional deductions that can benefit you greatly. One of the loan officers I use, actually ran a full report for me showing how paying $100.00 more per month in a mortgage versus renting for less; at the end of the year there was more annual income because of additional tax refund monies. So sit down with an accountant and see what makes the most sense for you. Although these message boards can be helpful, you get so many different opinions you get overwhelmed, and can let potential oppourtunity pass you by. - Mon Aug 11 2008, 18:01
Yes definitely FHA! However Ameridream is on the way out again. So move quickly to utlilize Ameridream or it will be too late. You can get up to 10% with Ameridream for all of your costs and downpayment assistance. - Sun Aug 10 2008, 08:42
I deal quite a bit with foreclosures, and I believe we are at the bottom line pricing level right now! I have now had several properties that not only had multiple offers but also went over list price. That was a very good sign for me. As always, priced right and it will sell! We then need to get thru the election, and as soon as next year hits we will be at the start of a normal increase in value. No not the 8-10 percent we were seeing, but a normal 3-5% to start. By spring 2009 the real estate market will be back in the swing of things. So yes, buy now or you will be paying more. Keep in mind if you are buying low, you are selling low and vice versa. So the ones to gain here are the first time homebuyers and investors. - Mon Aug 11 2008, 17:06
When you close on your property typically you are signing a doucment promsing that you will be residing in the property (unless it is an investment to begin with). If you do not in can be construed as fraud. I have been told, that mortgage companies are doing more checking up then ever before. - Sun Aug 10 2008, 08:45
You should be able to qualify with a FHA mortgage. As long as you do not have abankruptcy that is less then 1 year. Yes 2 is the average, but with 1 year you can get an exception. As long as there were not any lates in themeantime. If you do not have a bankruptcy and everything is paid off, there should not be a problem. It may take aproximately 3-6 onths for yur score to reflect your payments. However keep a small balance like a few hundred dollars on yur report. Make sure you are under 25% of your credit limits. Beleive it or not,t his willmake your score a little higher yet. - Sun Aug 10 2008, 08:38
REO's, Foreclosures, FIrst Time Homebuyers
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Realtor for
New Century Real Estate
July 2004—present
Brokers Certification-2008
Agent with the most two sided transactions-2007
Most Creative Agent-2006
Business Woman of the Year 1999-2000
I love real estate! My biggest interest besides raising my children is my job!
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