unfortunately, finding a home in Brownsburg or even most of Central Indiana is very difficult. A few years when the market spiraled and many families were faced with short-sales or a foreclosure, those families didn't want to move out of a home they were used to and into an apartment. At that time, rentals became very sought-after and in turn very hard to find as well. The market is very much improving, however, finding a rental is still difficult. You might want to consider Rent - to - own or if possible purchasing a home. The interest rates are still at an all-time low which means you can afford much more than you could 5-6 years ago when the interest rates were doubled what they are now. I can send you a grid that will show what a basic mortgage payment would be depending on the price of the home and the current interest rate.
If you have any other questions, feel free to contact me via my email address or by phone.
Contrary to National media, a clean, well priced home in Brownsburg will sell very quickly. This is due to the historically low inventory that we have at this time. That said, certainly some neighborhoods sell quicker than others. Zionsville is also experiencing good sales growth.
As for building, I would think you would find building the same house in either town would be somewhat cheaper in Brownsburg, mainly because of land acquisition costs for the builders. If you are underwater in your Zionsville property, how do you stand with the Brownsburg one (can you sell it for enough to cover the shortfall in Zionsville?)
I would be glad to meet with you and review your situation at your convenience.... more
I am not sure what you mean by Obama mortgage, but if you purchased the property, It is YOUR Mortgage! The documents that you signed for the mortgage should refer to whether you can rent the property. Are you residing in an area that has rent restrictions?... more
What is an Obama Mortgage? As far as I know the only government entities that guarantee mortgages are the Federal Housing Agency and the USDA and they were doing this and around for YEARS before Obama became President. So, assuming you are talking about an FHA mortgage, then yes, you can as long as you have lived in the home for 1 year (I think) to satisfy the 'owner occupied' requirement, you can rent your house.... more
The maintenance fees cover lawncare and all ground maintenance. If you would like to see this condo, I would be happy to schedule a showing at your convenience. Also, if you would like me to check for other similar properties, I would be happy to do so. You can contact me at firstname.lastname@example.org or 317-445-3874.... more
Contact local realty offices for available rentals, or work with an agent; check local print media for by owner rentals, always verify ownership before exchanging any money; word of mouth, etc.... more
Not sure I understand the question. Sounds like you should seek the advice of an attorney. If the house was headed to foreclosure, but homeowner was able to pay off the mortgage (hence stopping the foreclosure to go through), then common sense would dictate that there would be no foreclosure reported.
However...I'm assuming the homeowner's credit would still be damaged to some extent because they presumably missed a bunch of payments, and that DOES affect your credit score.... more