That may depend on the instructor.
You could probably get as much or more information in a 30 min conversation with a mortgage broker or loan officer. Most mortgage programs don't require a course.
Rshapiro at assetmortgage dot net... more
Unfortunately, Gary, with any financing, the lenders will not allow you to finance if repairs are needed or "in process". When it's a new purchase of an unfinished home, buyers are required to apply for a special rehab loan via FHA called a 203(k) loan. This loan encompasses the cost of the home and the cost of the renovations. I must be honest that I'm not sure if this would be an option for a refinance, but I would check with the lender, especially if you need money to complete the renovations. Best of luck to you!... more
There is nothing preventing you from offering $500K for this condo.
If you were a 'real' buyer that is exactly what you would do.
Contact a Revere Ma agent and get in the game instead of complaining about the officiating.
The only thing you know for sure is 'If you don't ask, the answer is always NO!"
The 'fool' allow others to make their decisions for them.
So, are you a buyer or something else?... more
The property on Chester has an accepted offer. If you are interested in viewing available multi-family homes in the Belmont and surrounding area, please feel free to call, or email directly.
We don't sell homes, we sell futures!
p.s. The highest level of gratitude my clients can show me is by referring their friends and family
Peter J. Mlaguzi III
M&A Real Estate
Specializing in Short Sales/Luxury/Investments/Foreclosures
O: 617-588-0087 x701
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Follow us on twitter: @MandArealestate... more
Assuming the association is in good financial shape, you should be ok.
The process can be done two ways: submitting the information to the buyer's lender and the lender will review and approve; or, submitting the information direct to HUD and HUD reviews and approves. Can the buyer get conventional financing? If so the process is easier and quicker with the lender doing this. If its a conventional loan, the approval process is much easier.... more
There a several types of "rehab loans". One option is the 203k loan from the FHA which is a loan for the based on the future improved value of the home (purchase price + cost of rehab). If the mortgage insurance on an FHA loan is the deal breaker, you may be able to get one loan for up to 80% and second loan for another 17% (maybe a seller carry back loan) which will prevent the need for MI.
Also, check out Wells Fargo they have a new 203k product for conventional loans, but I have not had any experience with them.... more
Unfortunately there's no way to know a sellers response to an offer. Best idea is to have your buyer agent do a market analysis to see what a fair price is. Also, you need to determine how much you want the house, and would you be upset if you lost out over an amount you actually would have paid.
Jay Juliano re max leading edge
I doubt that you are bidding on it. You may be making an offer, but unless there is an auctioneer there is no bidding. You want to avoid the listing agent, that's fine and you are better off with your own agent who works for you anyway. Find an agent and let them get the information you need. The listing agent has an interest in the house, but unless he owns it I doubt he has a vested interest and he works for the seller to get it sold. His main interest is to get it sold.... more
83 Badger Road was on the market in 2009. It is not listed for sale on MLS. You will very likely find the owner of record in the State Registry of Deeds on MassLandRecords.com. If you need any other help, please contact me via my trulia profile.
In the last 6 Months This is what happened
Single Family Listings: 118 Average List Price: $375,315 Average Sale Price: $362,372
Average Market Time: 63 Days
Condominium Listings: 88 Average List Price: $322,805 Average Sale Price: $312,916
Average Market Time: 77 Days (Average List Price per Square Foot:) $247
Multi-Family Listings: 41 Average List Price: $439,482 Average Sale Price: $430,093
Average Market Time: 50 Days
Does this Info help?
You can Call my Cell# 617-594-8091 or for a Complete Market Report, go to
your best bet before you do any work is to check with your town's building department to get the information (zoning, permits) to make sure that you can convert to a 3 family.
here is the link: http://www.medford.org/Pages/MedfordMA_Building/index
Are you certain this is a condominium listing? It seems overpriced and more reflective of a multifamily. Do you have any more information on the listing such as where you found it? Here is the only active condo listing in Station Landing right now according to MLS:
I hope this is helpful. -Mary... more
Why are you looking to refinance if the rate is so low? Depending on the scenario (cashout, credit, LTV,etc) you should be around the same rate, give or take an .25%. For a more accurate quote, please give me a call or send me an email.
Sr Loan Officer
800-793-9633 ext 185