Graduation on your engagement i hope you have many year of happy bliss. in today's market we can find you a very nice home for under 60,000, we can find you a home that you will not have to do anything but move in. or we can find you a repo. you may have to do a little repairs & updating but the return on your investment would be greater in the long run. and also I'm guessing that you will be a first time buyer. you will receive a 10% up to $8000 tax credit for buying, please give me a call at 765-860-3758 or e-mail at firstname.lastname@example.org. I would be glad to answer all your questions and help you find a home of your dreams
Gary Rhinebarger... more
If the house is a Shortsale or an REO, you need to have a Realtor represent you; the Banks will not deal with you directly.
If it is a NORMAL sale, you will want a Realtor representing your interests, and a Buyer's Agent costs you nothing.
Good luck and may God bless... more
Your credit history from 6 years ago has nothing to do with qualifying for an FHA loan today. You didn't say what they are doing. Are they just reviewing or are they denying you? There must be another reason for whatever it is and you should find out what that is prior to seeking other financing.... more
The house at 4041 Springmill Drive is not listed for sale in the local MLS. It looks like it was slated for the November sheriff's sale but cancelled. The current owners purchased it in 2007 and are still listed as the owners. The property could be in the process of being foreclosed or the owners may have worked out something with the lender.
Have you seen a for sale sign in front of the house? Have you seen it online? What makes you think it is for sale?... more
The age of the property in this matter is irrelevant. And it has nothing do to with caring or not caring about you wanting to purchase a home.
FHA, as well as all other lenders, have underwriting requirements. You'd be amazed as to how thick the volumes are as to the requirements to lend money to people to buy homes. (But that's another story).
FHA requirements on well water is as follows:
"A domestic well must be a minimum of 50 feet from a septic tank, 100 feet from the septic tank's drain field and a minimum of 10 feet from any property line."
Now the requirement that the well be a certain distance from a septic tank and a leach bed makes sense. As for the distance requirements from a property line, I don't know the rationale. But it's there. If the home you want to purchase does not meet this requirement, then there are two options: Get the seller to dig a new well that conforms to FHA requirements, or else find another house to buy.
Hope this helps.... more
This sounds to me totally a wrong idea. What do you plan to do with the current house with the $1007 mortgage? If it needs lots and lots of work why not do that work rather than renting another house which still leaves all the work to be done and more work on the $40k house? I think you are going to have a hard time finding an investor for this, but good luck.... more
Your scores will not be a barrier to getting a loan. Other factors lenders consider is the depth (history and number of accounts) of your credit, job time & security, assets and down payment.
I've seen high credit scores with 2 months history and no down payment that wouldn't qualify, yet. The only way to find out for certain would be to apply with a good local lender.... more
If you look at this wonderful website and look up homes that are listed for sale in Kokomo IN you will be able to generate your own list of agents who have properties listed. You will also be able to see which brokerage company has the most listings. You can then interview 3 or 4 of the agents and determine which one will better suit your needs.... more
If you are looking to sell, consider interviewing a few agents, or as many as needed, from different realty companies, then choose the one you like best and who has the most to offer; ask what marketing strategies will be implemented; what plans will be put in place to coordinate meetings with buyers; what feedback (communication) can you expect and with what frequency; will data be supplied to help establish a fair and marketable asking price; will buyers be pre-screened and required to have mortgage pre-approvals when submitting offers; what other services does the agency offer, if any, etc.; keep in mind that there are listing and selling agents, and just because an agent may have had the most sales, doesn't necessarily mean that agent is the best for you--choose your agent with care.... more