I'm not a lender, but in my opinion I believe you would qualify because you are living on one side of the duplex. I do not know all the rules and regulations considering the guidelines change all the time. I would highly recommend a lender that I work with very closely. As a Buyer's Agent I have had my buyer's compliment me on referring them to Chris. Please feel free to call Chris Corno with Integrity Home Mortgage at 540-539-2778 to discuss this issue further. He is very nice to work with and explains the lending process in a manner that consumer's can understand.... more
We believe the program specifies only the the property transaction needs to close by December 1, 2009 and that the home purchased needs to be your primary residence. We have not seen any deadline for occupancy of the home.
It might be worthwhile to review the attached resource:
BANKS JUST CAN, why many Realtors refuse any longer work with foreclosures or short sales due all drama not caused by listing/ buyer agents.
However 6 months have a returned executed contract WAYYYYYYYYYY out limits WOW... agent should have you looking and closed a long time ago. We instruct our clients within 30 -60 days you should be closed if not we have problems best keep moving.
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I would contact an attorney to get the proper interpretation of that statement. As agents, we are not supposed to give any sort of legal advice or interpretations because of potential liability issues. Good luck.... more
Nora, Nora... oh, my, I am frightened for you. You must immediately contact a real estate attorney. If you need a referral to someone, call me first thing in the morning. 703-669-3142 THIS is an emergency!... more
Which Winchester are you considering a move to? I can speak of Winchester, Va. Before I do, I thought I'd clarify. Markets are so local, I'd hate to misguide you! If you are looking at Winchester, Va, feel free to click through to my online relocation package/blog!... more
Donna, it really depends. The location, style of home, city or county, foreclosure, short sale, fair market sale and a number of other things. If the house is priced well and is in good showing condition you can look to sell in 30-60 days.... more