Yes you absolutely do have options! I am going through this right now with another buyer of mine who went through a foreclosure 2 years ago. Many Realtors think it is 3 years after a foreclosure to buy, and in general that answer is correct.
BUT with extenuating circumstances you absolutely can buy within 2 years. Contact me directly through Trulia and I will get you in contact with my loan officer right away. He will be able to go more into detail about this process being a loan officer and can answer all your questions.
There is hope for you and I hope to hear from you soon!
~Christopher Block
Bridge Realty... more
Can seller cancel contract?The seller would need extra time to move out but the short sale lender would not give any extension. I don't want to close if the seller doesn't move out at COE. The dual agent said they
Thanks Nina.
Jose said:
If there was an agreement regarding the extension at one point or you were aware that the seller would need extra time and you didn't cancelled, than you had a change of heart just now, then you would be the one not performing on the contract and other agreements and then they can move on with a back up offer.
So the dual agent might be correct. They may have the right to cancel the contract.... more
- If you remember right, I was for letting the Bush Tax cuts expire
Actually, that's not what I remember, but if I haven't before, welcome aboard!
- and the answer is more than likely.
You're kidding, right?
- Jim Horney says / easily could take that total into the $100 trillion range.
Is that correct? My understanding - and I'm willing to be corrected on this - is that Social Security is like an insurance company: premiums come in and are used to pay off liabilities; currently, SS is running a surplus. Pension funds are somewhat different, in that the inflow of funds will stop if the company shuts down, but the liability is still there.
Insurance companies do not have "runs" the way banks do - they do not have to be able to fulfill all of their future obligations today.
HOWEVER.
There is no avoiding the fact that even if the lower number is correct, $1.3 trillion is a lot of money to be behind. So far as I can tell, no "serious" conservative has come up with a remedy for that - you could eliminate all military spending and still have half of that left to go.
We got here by cutting taxes and spending more, a deliberate plan on the part of the Republican Party to fulfill Grover Norquist's stated goal of shrinking government to the size where it could be drowned in a bathtub, using a strategy put forth in the Wall Street Journal by Jude Wanniski, which is for the GOP to run up the deficit while in office and howl at the Democrats to cut spending while out of office.
Seems to be working . . .... more
I just listed my home for sale. 20 Lakeview Drive, Whispering Pines.
My son goes to New Century Middle. The high school is Union Pines and elementary is Sandhills Farmlife.
If you don't already have an agent, I listed with Laura Lycans at Sandhills Choice Realty. 910-315-6353.
4 Bedroom, 2 bath, in ground swimming pool. $259,000.00... more
I highly recommend Donna Harris. She is a very p[professional and thorough realtor.
http://activerain.com/donnahomes
A young professional herself.... She can guide you.
Tom Burris
Mortgage Banker
DallasLoanGuy.com
(214) 763-4629 cell/text/nights/weekends(Really!!)
tomburris@dallasloanguy.com
Lending all across the entire Great State of Texas!!
NMLS# 335055
Search Dallas area MLS for FREE. No registration => http://www.ntreisinnovia.net/cgi-ntr/BR_login?0501134... more
About 2 years. Ok, actually the last one took 91 days. It's actually up to how familiar the loan officer is with GA Dream. I wasn't at all familiar and neither was the company I was working for. It was a train wreck.
After the lender approves the loan, the loan package is sent to the GA Dream team. After they approve it (about 3 weeks), a bond is issued and sent to the lender for approval. After that the bond is issued at closing. Give yourself 60 days. Remember that the rate is half percent higher and the loan officer cannot help you with closing costs paid.... more
This is simple. at the end of the year, you have an amount of revenue from the property. Let's say it is $100,000. This is what your accountant would arrive at, and includes late fees, laundry income, lost rent from an eviction, etc. It is what your accoutant would put as "revenue" on your tax return. You simply take this figure and multiply it by a GRM to get the value. Let's assume a GRM of 6. In this example, 6 x 100,000 is $600,000. This is what the property is worth using the GRM method.... more
It varies and depends on which lender you decide to go with. I would say shop around to find the best mortgage company with the best rates suitable for you.
This Southfield condo village is in high in demand and many of the units go very quickly. I would suggest working with an agent and preparing yourself so when one becomes available you can make an offer right away.... more
Hi Cami,
Unfortunately, home owners cannot list their own homes for sale on Trulia.com. You will need to work with a real estate agent to do this.
If you're set on keeping control of the sale of your house and keeping your costs down, I'd recommend finding a real estate professional who would list your property on Trulia for a flat rate. You should be able to find a reputable real estate pro in your area who will help you with this, by looking here: http://bit.ly/L0Oyuw
If there's anything else I can help you with, let me know!
Andrew Wilkinson
Community Manager, Trulia... more
Our local MLS gives you the 'option' of stating whether or not a property is or isn't in foreclosure/ short sale/ bank owned.
It's a series of either 'yes' 'no' or 'not disclosed'. Of course if your home isn't a distressed property, then you would say 'no' . But if it's a distressed property, you either have to say 'yes' or 'not disclosed' (which is pretty much the same as saying yes). I believe if you falsely state the status of a property, the association could fine you. But I don't think there is any other repercussions - until the buyers sue you.... more
While the TN purchase agreement does include language that spells out the situations when earnest money is to be refunded (inspection being one) often banks will have purchase agreements that (they say) will supersede the language and law in the state purchase agreements. Whether this is true is anyones guess as I don't know of anyone attempting to challenge it in court.
There are situations in REO / bank owned purchase agreements where the earnest money is not refunded. It all depends on the contract being used to make the purchase and the language within that contract.
I think most of the responders to this question missed the headline 'Foreclosure in 77079"... more