Milwaukee : Questions & Answers

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Larry Story, Real Estate Pro in 27408
Larry Story answered:
I am looking to get out of the rental real estate business due to family issues.
Carlos,

It really is a matter of the difference in debt to purchase price. If the difference is not to much then yes a deal could be worked out otherwise if you did not want to purs ... more
0 votes Share Flag Thu Feb 20, 2014 Foreclosure in Milwaukee
Joe Finnerty, Real Estate Pro in Bethlehem, PA
Joe Finnerty answered:
Mold starting to grow, in shortsale
Hi Cory,

Sounds like a major problem. Typically, they go in an cut out all the drywall and treat for the mold. At this point, you have no idea what is going on behind the walls and w ... more
0 votes Share Flag Sun Aug 29, 2010 Home Buying in Milwaukee
Dp2, Other/Just Looking in Virginia
Dp2 answered:
two addresses were listed on my credit report saying I've lived at the location but I never lived at those locations, how do I find the owners
It could be a case of mistaken identity. Instead of contacting the owners, you should work with the credit reporting agencies to get them to correct their records.
0 votes Share Flag Mon Aug 16, 2010 Tech Tips in 53206
Wain Berry, Real Estate Pro in Fort Lauderdale, FL
Wain Berry answered:
Are there any homes/farms/ranches that have at least 9 bedrooms available to buy?
If your asking about properties in Mil,WI I looked on a website called uniquehomes.com and found a home that had 6 bedrooms and 6 baths. If that helps here is the link it also give you ... more
0 votes Share Flag Wed Jul 14, 2010 Home Buying in Milwaukee
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
i haven't heard anything from my bank regarding my loan. I have a closing date of July 12 The seller wants a loan commitment!
Contact your loan officer and inquire about the status of your loan--he/she is your best source of information as it relates to your personal situation.
0 votes Share Flag Tue Jul 13, 2010 Home Buying in Milwaukee
Eric D. Lenz, Real Estate Pro in Wisconsin
Eric D. Lenz answered:
i haven't heard anything from my bank regarding my loan. I have a closing date of July 12 The seller wants a loan commitment!
You should call the loan officer to find out the status. This would be a normal communication during the approval process that good Realtors use.
0 votes Share Flag Sun Jul 11, 2010 Home Buying in Milwaukee
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
Does owning a timeshare disqualify you as a 1st time homebuyer?
Consult with your tax professional as to qualifying IRS Codes--don't believe timeshares were included in the first time buyer tax credit. See link for additional information--
ht ... more
0 votes Share Flag Tue Jul 6, 2010 Home Buying in Milwaukee
Kent Gagon, Real Estate Pro in Tempe, AZ
Kent Gagon answered:
What is it like living in this nieghbourhood?
Kerise,
The best source for this type of information is neighbors. Knock on some doors and ask, check crime rates online at the local police website etc. Realtors cannot answer these ... more
0 votes Share Flag Thu Jun 24, 2010 Home Buying in 53223
Maggie Hawk, Real Estate Pro in New Smyrna Beach, FL
Maggie Hawk answered:
Since the market is real shaky for sellers, where can I find a broker to rent out our house?
Andrea,
You could call your local Board of Realtors and ask for names of companies that have had sales in your neighborhood recently. Also, you could drive around the neighborhood and ... more
0 votes Share Flag Tue Jun 22, 2010 Rentals in 53214
Troy Miller , Real Estate Pro in 53151
Troy Miller answered:
Are there any up-and-coming areas in Milwaukee?
I can suggest several great Milwaukee nieghborhoods but I think it would also depend on what type of home you are looking for. Enderis Park, Washington Heights and Grant Blvd are just ... more
0 votes Share Flag Thu Jun 27, 2013 General Area in Milwaukee
Phuquoc, Other/Just Looking in Wisconsin
Phuquoc answered:
Are there any up-and-coming neighborhoods in Milwaukee?
you might want to check out brewers hill.
0 votes Share Flag Sat Sep 18, 2010 Home Buying in Milwaukee
Troy Miller , Real Estate Pro in 53151
Troy Miller answered:
will i would like to get out of a contract with my realtor, he is my ex-brother-in-law and my sister and him had a bad break up he wants to hold that?
Yang,

The best advice I can give is to consult with an attorney as a listing contract is a legally binding contract. My understanding is that all listing contracts are service contr ... more
0 votes Share Flag Thu Jun 10, 2010 Home Buying in Milwaukee
Jennifer Hup…, Real Estate Pro in Milwaukee, WI
Jennifer Hupke answered:
I, I'm living in N.Y current but I want to move to Wisconsi in the future. Can I buy a propery living in N.Y
Certainly, you will just need to select a lender that is licensed in Wisconsin (most larger banks are) Please let me know if I can be of any assistance.

Jennifer Hupke
Coldwell Ban ... more
0 votes Share Flag Mon May 17, 2010 Home Buying in Milwaukee
Steve Roake, Real Estate Pro in Aurora, IL
Steve Roake answered:
How much are savings vs. income taken into account when applying for a loan?
I would stay away from buying a home if you don't have the income to make the payments, even if you can get a loan. Your best bet would be to rent. I would not cosign for anyone ... more
0 votes Share Flag Sun May 16, 2010 Home Buying in Washington Heights
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
We have a bankruptcy and foreclosure in our past(6/2/2010) will be discharged 2 yrs. When will we be able to purchase again?
Not knowing any details--a lot will depend on the type of bankruptcy and circumstances led you to the bankruptcy and foreclosure--also a big factor will be your credit score--work delig ... more
0 votes Share Flag Sat May 8, 2010 Home Buying in Milwaukee
Linda S. Cef…, Real Estate Pro in Franklin, WI
Linda S. Cefalu answered:
Looking to buy a nice home within this area & have it rented out till I'm ready to locate myself. I'm from Australia & will be visiting Mi late May
Where abouts in Milwaukee are you looking. 53220 is a big zip code.
0 votes Share Flag Tue May 18, 2010 In My Neighborhood in 53220
Robin Silver…, Real Estate Pro in Garden City, NY
Robin Silverberg answered:
what banks are accepting a middle fico score of 636 ive been turned down twice?
I would suggest asking a friend or co-worker for a name of a local mortgage broker, and have them help you out. I assume you are talking about an FHA loan.
0 votes Share Flag Sun May 9, 2010 Home Buying in Milwaukee
Karen Wenzel,…, Real Estate Pro in Milwaukee County, WI
Karen Wenzel, e-PRO answered:
When do you need to show proof of your down payment & savings? As early as when you are getting pre-qualified, or when you apply to get
Based on what you stated in your question- You will probably want to share this information with the Lender when you initially go to get pre-approved. They will base your initial preap ... more
0 votes Share Flag Wed Apr 28, 2010 Financing in 53226
Bob McClure-…, Real Estate Pro in Walled Lake, MI
Bob McClure- Real Estate Investing answered:
Can your entire down payment be a gift from family?
good afternoon mary....yes...but ...if you are financing fha..the entrie 3.5% can come from the family...any amt. can...if you are financing conventionally........then any amount can be ... more
0 votes Share Flag Tue Apr 13, 2010 Financing in 53226
Abe Mills, Real Estate Pro in Greenville, SC
Abe Mills answered:
I am looking at placing an offer on a forclosed home in Milwaukee that has been on the market for 6-8 months. Would offering 30% below asking be a?
Dear buyer,

I usually tell my clients that any price that you are willing to pay on a foreclosure is a good starting point. I will say that I am not aware of the market condition in ... more
0 votes Share Flag Mon Mar 8, 2010 General Area in Grasslyn Manor
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