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Ted Dietz
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Ted Dietz’s Answers (5)
Ted Dietz answered:
Hi Daniel,
As long as it involves all the same parties and the same property it should be under one escrow number.
Have you received two escrow numbers on your transaction? If so, you'll want to speak with either your real estate agent or the agent at escrow handling your transaction and make sure that everyone is on the same page.
Hope that helps.
-Ted
As long as it involves all the same parties and the same property it should be under one escrow number.
Have you received two escrow numbers on your transaction? If so, you'll want to speak with either your real estate agent or the agent at escrow handling your transaction and make sure that everyone is on the same page.
Hope that helps.
-Ted
Ted Dietz answered:
Hi William,
That is a difficult situation and I'm sorry you're going through it. Each divorce situation is different. It really depends on the atmosphere around and parties involved in the divorce.
We recently had a client in a similar situation that we provided a market analysis for and because the atmosphere was somewhat civil they and their attorneys were able to come to an agreement without leaving that decision to the court.
I don't know the details of your situation but one option may be to provide your wife's attorney (if you have an attorney please seek their advise first) with a list of respected agents and respectfully request that you mutually select 3 or 4 agents to provide a market analysis for you. If you can come to some sort of agreement on how to proceed with valuing the property you may avoid the unfortunate, but common fight many divorcing couples go through of pitting one agent’s research against another’s.
You're going through enough with this situation as it is. If you can get this aspect of your divorce done peacefully it will save you both a lot of stress.
I hope that helps,
Ted
That is a difficult situation and I'm sorry you're going through it. Each divorce situation is different. It really depends on the atmosphere around and parties involved in the divorce.
We recently had a client in a similar situation that we provided a market analysis for and because the atmosphere was somewhat civil they and their attorneys were able to come to an agreement without leaving that decision to the court.
I don't know the details of your situation but one option may be to provide your wife's attorney (if you have an attorney please seek their advise first) with a list of respected agents and respectfully request that you mutually select 3 or 4 agents to provide a market analysis for you. If you can come to some sort of agreement on how to proceed with valuing the property you may avoid the unfortunate, but common fight many divorcing couples go through of pitting one agent’s research against another’s.
You're going through enough with this situation as it is. If you can get this aspect of your divorce done peacefully it will save you both a lot of stress.
I hope that helps,
Ted
Ted Dietz answered:
Hi Kelly,
FHA is an excellent way to go right now. There are a few elements that make them attractive:
1. They are not credit score driven 2. At the end of last week the interest rates were running .5 points below conventional rates 3. They just boosted the lending ceiling last week meaning you can buy more house with them 4. They only require a 3% down payment 5. Your down payment can be gifted.
FHA has also lightened their inspection and appraisal requirements from what they were a few years ago.
The only negative I can think of with them right now is that you will pay mortgage insurance for at least 10 years regardless of the amount of equity you have in the property.
This is a product I am suggesting people really look into.
You should definately speak with your lender about FHA loans.
Hope that helps,
Ted
FHA is an excellent way to go right now. There are a few elements that make them attractive:
1. They are not credit score driven 2. At the end of last week the interest rates were running .5 points below conventional rates 3. They just boosted the lending ceiling last week meaning you can buy more house with them 4. They only require a 3% down payment 5. Your down payment can be gifted.
FHA has also lightened their inspection and appraisal requirements from what they were a few years ago.
The only negative I can think of with them right now is that you will pay mortgage insurance for at least 10 years regardless of the amount of equity you have in the property.
This is a product I am suggesting people really look into.
You should definately speak with your lender about FHA loans.
Hope that helps,
Ted
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