Understand that ANYONE can post a rental. Trulia is only displaying 3rd party info, and there are ways for scammers to post fake listings on other websites which then get mirrored on trulia, zillow, realtor, etx.. When a deal seems too good to be true, it is.. ALWAYS verify EVERYTHING you see online with a local Realtor. Realtors adhere to a strict code of ethics which offers you consumer protection and piece of mind. Flag the listings and email firstname.lastname@example.org Browse the agent directory to find a well reviewed local Realtor.... more
You should ask your accountant, Often times your tax return is the first red flag. Filing a joint return with a declaration of a home interest deduction and and property taxes is the first road block which tells someone you already own a home. And since just about ever lender will ask for 1-2 years worth of returns, you may be required to prove you are not on the deed or the mortgage yourself. If a lender wants to split fine hairs, you also have automatic dower rights to a one half interest in any real estate your spouse owns on their own. All in all, please check with your accountant and then ask a lender what their "definitions" are, since you will be agreeing to their terms and conditions in the end, And you should check with your attorney as well, mortgage fraud is a crime too.... more
How much is the lot rent?This question was asked from http://www.trulia.com/property/3146590794-306-Eagle-Cir-Elyria-OH-44035?ecampaign=con_day_propertycomp_bk&eurl=www.trulia.com%2Fproperty%2F3146590794-306-Ea
This is really a legal question and real estate professionals are not permitted to answer legal questions. I would recommend you contact an attorney. Or, perhaps your State's Department of Community Affairs could provide you with some guidance.... more
Underwriters aren't in the business of having a heart but looking out solely for the banks best interest. Banks never have your best interest in mind, they want your money and the government steps in to control it. As for the FHA they have always been sticklers for peeling paint and missing handrails, no exceptions. Keep in mind the bank is investing in the home and if you default they want to know they wont encounter any issues when trying to re sell it. That's another reason why they do appraisals, besides the fact that they want to lend the least amount of money possible. t's all for their best interest.
Yes you can! Although your credit score isn't the greatest, it is still acceptable. For example, I have been able to give out loans with credit scores as low as 580. So since you're around that level you might have a shot. The key thing to realize is that your ability to obtain a mortgage depends on other factors as well. These factors include your income, expenses, assets, liabilities, debt, down payment, employment, as well as your credit score. The best thing to do is to speak with a lender like myself who would be glad to speak with you. Good Luck! Brian Nguyen Sr. Mortgage Banker NMLS # 659743 Phone: 949.667.2887 email@example.com... more
Dan is right, it's best to find one agent to work with and use them for all properties/questions, etc. Some agents do not deal with rentals at all, so you will want to make sure the agent you contact is okay with showing you rental properties. You can also contact a local office, maybe they can assist you with finding an agent that will do rentals. Good luck!... more
When it comes to any safety/crime related issues, it's always best to contact the local police department with all your questions, hear all there is to hear firsthand. If unfamiliar with the area(s) do revisit more than once and at different times of day, possibly chat with locals/neighbors. Real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods.