Financing in 70115 : Questions & Answers

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Lisa Heindel, Real Estate Pro in New Orleans, LA
Lisa Heindel answered:
Financing both the new purchase and the renovations.
Have you talked to your lender to see if there is a program that you fit into? Typically a purchase/rehab is done with an FHA 203(k) loan.
0 votes Share Flag Wed Jan 9, 2013 Financing in New Orleans
Lisa Heindel, Real Estate Pro in New Orleans, LA
Lisa Heindel answered:
what does the appraiser look for?
Condition of the property, they measure for square footage, look for any issues that might affect financing (ex: peeling paint is a problem for FHA loans). The majority of their work i ... more
0 votes Share Flag Sun Dec 5, 2010 Financing in New Orleans
Paul Finholt,  in New Orleans, LA
Paul Finholt answered:
I am in the middle of a weird real estate deal.Cartus is selling the house. The lender says it is a flip, the title company says it is not.what to do?
Well the question is, is it a flip? What are the circumstances that the lender is making this claim? I probably would consider changing lenders. Do not be concerned about the lenders ... more
0 votes Share Flag Tue Apr 26, 2011 Financing in New Orleans
Joe Harris, Real Estate Pro in Melbourne, FL
Joe Harris answered:
Regarding B of A's loan modification plan referred to in your 9/4/09 blog: Do you have to be delinquent on your mortgage payments to qualify?
I believe that the Making Home Affordable program allows you to mod your loan without being delinquent. However, there are thousands of low level employees answering the phones at the ... more
0 votes Share Flag Mon Oct 26, 2009 Financing in New Orleans
Leasing To O…,  in Dallas, TX
Leasing To Own Solutions answered:
Can anyone help an investor?
Hey there Hamilton,

If I understand your question, (and please correct me if I'm wrong) but you have many properties that you own outright without any mortgages and you'd l ... more
0 votes Share Flag Fri Aug 6, 2010 Financing in New Orleans
ian cockburn, Real Estate Pro in New Orleans, LA
ian cockburn answered:
Income Property
There are many! Being a Realtor and licensed Commercial Contractor I can literally show you the ropes...
1) What to buy
2) How to buy
3) How to understand the market and appeal to pe ... more
0 votes Share Flag Fri Aug 6, 2010 Financing in New Orleans
Chris Mabry…,  in Tucson, AZ
Chris Mabry SRS,e-PRO answered:
I paid for an inspection, appraisal and a deposit on the property I was trying to buy. All the fees together
Hello Angela,
Any fees that you have already paid for inspections and appraisal can not be recouped. These fees are for private inspectors and an appraiser paid for services render ... more
0 votes Share Flag Tue Aug 4, 2009 Financing in New Orleans
Bill Eckler, Real Estate Pro in Venice, FL
Bill Eckler answered:
So I had the issue with my underwriter about not working a 40 hr. work week as law school/ph.d student which
Hi Angela,

I remember your situation....and am glad to hear things are now heading in the right direction. Let's hope the underwriter has a heart and knows what to do with it.

Tha ... more
0 votes Share Flag Tue Jul 21, 2009 Financing in New Orleans
Bill Eckler, Real Estate Pro in Venice, FL
Bill Eckler answered:
I was told I needed to work or at least be guranteed 40 hours a week before the underwriter would approve my
Angela,

"Don't give up the ship"

Yes, look elsewhere for financing as soon as possible but even if you are successful in obtaining financing you may not be able to have access to ... more
0 votes Share Flag Sat Nov 6, 2010 Financing in New Orleans
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