I can help you with this. I have 12 years experience here in Beaumont and I have dealt with many foreclosures. My name is Sue Meagher. Please give me a call at 4096738244 or my assistant Anthony Papa at 4095541834.... more
There are numerous ways for a buyer to terminate a contract but they all depend on how your contract was drafted. Hopefully your agent is familiar enough with contracts to give you guidance based on your specific contract terms.... more
I have been working in Beaumont for over 10 years. I have great insight and knowledge of all areas in and around Beaumont. Call Remax and ask for Sue Meagher. Also, the good news is, the buyer does not pay for the real estate agents commission. Typically, the seller pays the commission and I can negotiate some of your closing costs, as well.... more
The taxing districts used to post this information online, but because of privacy concerns, a state law made this illegal.
1) If you own the home, you may be able to go to the taxing authority in Beaumont and see if they still have this on file.
2) If you don't own the home and are looking to buy it, ask the homeowner if they have it or see if they can go to the taxing authority and get it.
3) See if you can find out who the builder is and get the blueprints from them.
4) Hire someone to do it for you.
5) If you are in the process of buying the home, ask the inspector if he/she can generate one for you. It would not be official by any means, however.
Hope this helps. Good luck!
B&B Realty Group - Keller Williams Elite Dallas, TX
There is a website on 203K with a list of all the Consultants. There is one in Houston that is a little cheaper. I don't remember the company but there was only two or three on the list. Repairs are up to $35,000. The consultants fee is based upon the amount of money you need for repairs. Foundation and pools are some repairs 203K loans don't cover. Also, you need plenty of time because closing these loans takes longer than a regular 203B which is a regular FHA Loan.... more
I'd be happy to talk with you about the process and how I can help. I have helped many clients purchase REO properties and am familiar with these situations work. Call me at your convenience and let's get started! 409-790-3097... more
You are required to pay two things per the sales contract. One is the earnest money: this is your deposit to the seller while he takes his house off the market to sell to you. Two is the Option Fee: typically the amount is around $50-$150. This Option Fee gives you the Unrestricted right to cancel the contract for whatever reason you want. Time is of the essence because your option period is usually 7-10 days. If you have a home inspection and lets say the roof is falling down. You can cancel the contract and the seller has to refund your earnest money. On top of that the contract protects your earnest money in other ways, like financing or title problems. Call me or email me if you want to discuss the contract and how it works. Its 9 pages but only 8 apply to the house and you(the buyer).... more
Yes, disability and retirement income is calculated in your total income!! Also, you can buy a regular home and then consider refinancing under a reverse mortgage if you meet the criteria. This way you can own a home and not have to make any payments. I have sold a home to a lady and her boyfriend so they can turn around and do a reverse mortgage not to have a monthly mortgage payment. A mortgage lender can give you all the information you need about any mortgages, but I can give you all the information you need on purchasing a new home and help you from beginning to end. I have clients that I sold their first home 10 years ago call and ask me questions and for paperwork(that I still have). Many of my clients call me to sell their home and buy another every four or five years.... more
Sorry, we must match up credit scores with the source of income, you can’t use your credit score and his income. Be careful of credit repair, I do not know anything about the credit repair company you mentioned but most of them tell people to dispute everything negative in their credit file including the accurate stuff that is negative. That is a crime, lying about anything in order to get a loan is fraud and depending on the location and the type of lender the penalties can be up to 30 years and several million dollars. I hope this info protects you from harm, see more on the link below, good luck,... more
You will want to determine the date that the property title transferred from your husband. That will be the foreclosure date that is used in the underwriting criteria, not the date when the foreclosure proceedings started. If that date is 3 years ago, locate a licensed Texas mortgage broker or lender who offers FHA loan programs that do not have a minimum FICO score guideline. Best wishes to you.... more
From my experience, because of the foreclosure your husband can't be on the loan which means his income cannot be included for qualification. It will all be based on your income and credit score which will definintely limit your buying power.
You should check with a good lender because it is possible that you may not have to wait 4 more years to include your husband. The government is adding/changing programs all the time. In some situations, they even have exclusions (what caused the bankruptcy or foreclosure). Something beyond your control may allow you to qualify faster.
Prudential Patt White Real Estate
Lehigh Valley Office, PA
Understand that the LISTING PRICE has one primary objective, to attract attention: It is not intended to be set in stone, and in many cases it is not even a good guideline toward the SELLING PRICE.
Some Sellers believe that by setting the LISTING PRICE high, they can always come down, and people will make an offer anyway: WRONG! Buyers will just bypass the property and look at houses that are within their price range. And six months from now, the Seller will slowly start lowering the PRICE, (this is called “chasing the curve”) and Buyers will be asking the question; “What’s wrong with that house?” and “Why has it been on the Market so long?”
Other Sellers set the LISTING PRICE low, to attract multiple offers. (The correct strategy.) We are asked; “Aren’t you obligated to sell at this price if someone offers it?” The answer is probably not; for that to happen, you would first have to have only one offer, and secondly, the offer would have be exactly the same, down to the smallest detail, (please discuss this with your Realtor).
Another thought; Buyer will search for potential properties by groups; for example, $400,000 to $450,000, and $250,000 to $300,000. If your house is priced at $460,000 or $310,000, the Buyers will never see it. (something else to discuss with your Agent.)
Different Banks have different philosophies about pricing their properties: You cannot draw any conclusions without a good analysis.
Have your Realtor do a CMA, (Comparative Market Analysis) to help you determine your Offering Price. It is the surest way to determine the Market Value of the property.
Good luck and may God bless... more
That is good to get the down payment assistance with the City and then get the Seller to help you with your closing cost. You can get in to a house and have your monthly notes lower than what you would be paying for rent; especially with the interest rates as low as they are. Just send me an email and I can get you started right away. My contact info. is: email@example.com or firstname.lastname@example.org... more
First of all, thank you to you and your husband for his service to the State of Texas. There are a number of down payment assistance programs available to buyers these days. Another option would be to pursue an FHA mortgage and have the required 3.5% down payment gifted to you by someone you know. You guys definitely have options available to you. I would be more than happy to help you on your home buying journey! Please give me a call at 866 880 2714 if I can be of assistance.
Now let's talk about credit scores. There are literally THOUSANDS of companies out there waiting to give mortgage loans and they all vary with regard to their lending requirements. Some things that a lender will generally take into consideration when deciding whether to approve a loan are:
Debt to Income Ratios
How Much Money You Have In All Accounts
I would be happy to refer you to an amazing mortgage broker with the knowledge and resources to help you find a loan that is right for you and your husband. Please give me a call at 866 880 2714 or drop me an email at Dixie@BrownandCo.co and I will put you in contact with her. Best of luck to you guys!... more