If they do, then you probably want to go with another Lender:
Wells Fargo ain't the only port in the storm.
You should want at least two Loans to compare, anyway:
Did you get your GFE from Wells?
You can compare with another GFE.... more
Yes. You may want to pursue a LEASE TO OWN option. Its not that popular in NY but you can find an owner that may be interested. This could give you time to get your finances together. Call me if you want help with this... more
David, I can tell you've already got this response from at least one lender. Unfortunately, you'll be eligible for maximum FHA financing 3 years after short sale date. For conventional loans, you need a 20% downpayment to qualify only 2 years after a short sale.
Were you behind on any of the last 12 months before the short sale?
If my response was helpful, consider clicking BEST ANSWER!
Senior Loan Officer
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
(516) 606-9648 Cell
(516) 740-4478 Office
(516) 918-5383 Fax... more
You can, but Wells Fargo has no obligation to pay any attention to it. Back not too long ago Agents and Lenders could choose any appraiser they wanted. Some abused this process and used appraisers who were not objective or accurate. Many homes were purchased or refinanced based on outright fraudulent appraisals.
To stop this, banks now control the process which has created a new series of problems. Appraisers had to go to work for Appraisal Management Companies to get enough work to stay in business. Their fees were cut, sometimes by half and many appraisers have been working in areas outside of their regular market areas, which means they don't always have the best local market knowledge.
If the banks appraisal comes in out of the range you need, it can be disputed. Whether the dispute is successful will depend on your Loan Officer or Agent finding better comps than the appraiser used.... more
Do NOT go looking for anything to purchase until you have been FULLY PRE-APPROVED. You will need bank statements, tax returns, salary check stubs, etc.
You should not be paying anything for this service, but you will now be ready to start your search for a home.
I recommend a call to Brian Tom of Cliffco Mortgage Bank at 516-448-2434 or email him at email@example.com. You will get the best available rates.
AFter you have your pre-approval, give me a call at 631-425-6150. I will be happy to explain the complete process to you from start to finish and will be happy to recommend a Realtor in your area who will be able to show properties to you.
That is a very opinionated question. You have to decide that for yourself. You should go on www.Google.com and do a search for the zip code for crime stats in the area. It would also help if you know people who live in the area that can attest to it's safety and conveneince. If you are looking at a specific house, try to talk to the neighbors too. You may want to patrol the neighborhood late at night and check out the lay of the land so to speak. Either way, good luck! :)
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com... more
If you already met with a Loan Officer, or a couple of them, and you have been told that your income isn't enough to qualify for anything, then you need a co-borrower. This way there is more income on the application to qualify with.
Senior Loan Officer
Sterling National Bank
send me your direct email and I will forward what we have for your consideration.
what is your end use for the office space? What is your price range?
Finding a legit rent to own company can be challenging! The best advise I have is to search in the BBB (better business bureau) for ratings and handled complaints. You can also search on Google. I am in TX so we really do not have Rent to Own companies, we do have Homes listed as Rent to Own. I just always advise my clients to get an Attorney to oversee all the paperwork.... more
The low interest rates of course are for those that have very good credit. Your credit score affects your credit interest rate. If you don't know your credit score you or your mortgage broker should order a report from all three credit bureaus, not just one. This way, you can get your high score, middle score and your low score.
When you get your full credit report make copies of it and walk around with it so you can give a copy to the mortgage broker(s) that you will visit to see who can give you a great deal. Remember, everytime you or you let someone run your credit report your score will drop.... more
In theory, you would show how the value of the units increase for the special assessment. So if the assessment is for $1000 and the average value goes up $1200, then you would have a 20% return.
The problem is that it will be very hard to measure the impact of the garden. There are too many other variable and something like this is usually not something buyers will pay more for, but it will help tip the scales compared to other coops that may not have this.
If you are trying to build an argument for this, I would come at it from a unique feature that others don't have.... more
That question has many answers. Generally speaking, if the home is not in foreclosure or a short sale, the listing agent negotiates a commission in their agreement to list, and part of that commission goes to any buyer's agent that sells the home; paid at closing. The percentage the home is listed for and the percentage that goes to a buyer's agent differs in all parts of the country and is always negotiable.
There are discount brokerages that don't go by the standard custom, and as a result, a buyer may end up paying a commission to their agent. This is something that should be disclosed upon disicussing any agency buyer's agreement.... more
Are you working with a real estate professional? Or are you dealing directly with the builder/developer?
One of the services an agent provides is making available the information a buyer requires to make THEIR best decision. A local agent may know of other recent incentives, recent sale prices, and other important information relative to a prospective buyer.
The best part is their services wouldn't cost you anything since the builder would cover them.... more