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Dan Tabit, Real Estate Pro in Sammamish, WA
Dan Tabit answered:
In order to keep paying on my home, I need to pay other debt. How long will my lender (Utah Housing) allow, before foreclosure?
David,
You have several options here but I warn you, each decision will carry different consequences. My first recommendation is to decide where your priorities are. If you pay any ... more
0 votes Share Flag Mon Jun 24, 2013 Foreclosure in Salt Lake City
Ranae Morley, Real Estate Pro in Spanish Fork, UT
Ranae Morley answered:
What are the best areas in SLC to purchase for long term investment in the $150k - $200k range? i.e best Rent/Value Ratio.
The Number one city is Kearns,/ Taylorsville areas, more people purchased homes in the fourth quarter of 2010 than any other city along the wasatch front The median price of homes sold ... more
0 votes Share Flag Mon Sep 29, 2014 Market Conditions in Salt Lake City
Scott Butcher, Real Estate Pro in Austin, TX
Scott Butcher answered:
Anyone know of lenders that will loan on apartment complexes. Thanks in advance!
I suggest you talk to a commercial mortgage banker. Yes, they typically charge 1% for their fee but the time they save you in legwork is worth it. They will have access to all sorts o ... more
0 votes Share Flag Mon Aug 26, 2013 Financing in Salt Lake City
Clint Carter, Real Estate Pro in Salt Lake City, UT
Clint Carter answered:
I teach at a Charter school in Salt Lake City, I am interested in buying a home through the GNND program.
Hi there, this is a great program if you qualify. Please go to this website http://www.hud.gov/offices/hsg/sfh/reo/goodn/gnndabot.cfm
Feel free to call me with questions.

Clint Cart ... more
0 votes Share Flag Tue Mar 22, 2011 Home Buying in Salt Lake City
Clint Carter, Real Estate Pro in Salt Lake City, UT
Clint Carter answered:
I need to get finance but i am currently working and living abroad.
Hi Paul, please contact me directly at ccarter@pdsrealestate or 801-651-8333. I know several of the best lenders in Utah and if they can't get it done no one can. These are high qu ... more
0 votes Share Flag Fri Feb 25, 2011 Financing in Salt Lake City
Marge Bennett, Real Estate Pro in Fort Myers, FL
Marge Bennett answered:
What are the risks & costs involved in buying by owner finance?
as long as your mortgage is the only one, I don't see any big risk. the problem would be if the seller still had a mortgage and didn't tell his mortgage company he was selling ... more
0 votes Share Flag Tue Jul 26, 2011 Home Buying in Salt Lake City
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
Does my 7500 tax credit need to be repaid in the case of foreclosure?
Consider consulting with your tax professional and or attorney, regarding IRS codes--he/she can best advise as it relates to the specific situation.
0 votes Share Flag Thu Oct 28, 2010 Home Buying in Salt Lake City
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
who charges the least commission on property sales in SaltLakeCity?
You'll have to call around and speak to different agents. Or you may have a discount brokerage in your area. You can probably do an online search to determine if you do.
0 votes Share Flag Fri Sep 21, 2012 Home Selling in 84102
Ruth & P…, Real Estate Pro in 95030
Ruth & Perry Mistry answered:
what are the capital gains taxes in Utah?
http://incometax.utah.gov/credits_capitalgains.php

check the above web site out.

Good luck.
Perry
0 votes Share Flag Sun Oct 17, 2010 Home Buying in East Central
Richard
Richard "RJ" Kas answered:
Is it possible to call a Bank of America real estate officer directly to check on the status of a short sale offer?
Reinvest,
Just be prepared that you may be waiting a while for a shortsale. As a shortsale buyer, you need to be patient... however, since you said it is B of A, then more than likely ... more
0 votes Share Flag Mon Mar 28, 2011 Home Buying in Salt Lake City
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
do i need to notify my bank when selling 2 acres of land when i still have a mortage?
What is your agent suggesting--if you don't have an agent do consult with an attorney who specializes in real estate, for all related documentation--yes, contact your lender--if yo ... more
0 votes Share Flag Sun Jul 11, 2010 Home Selling in 84116
Richard Reid, Real Estate Pro in Decatur, GA
Richard Reid answered:
Our loan was sent to underwriting without bank statements or a VOD. Does this happen often? Will underwriting request them? The processor said
It will depend on the banks standards, and the underwriter that processes your loan. Each underwriter makes their own decision for a number of loan components. Their work is audited, ... more
0 votes Share Flag Thu Aug 5, 2010 Home Buying in Salt Lake City
Dan Walker, Real Estate Pro in Salt Lake City, UT
Dan Walker answered:
Short sale contracts and tax credits.
Subject to bank approval or third party approval is simply another contingency in the contract, just like the due diligence condition or appraisal and/or financing condition. The contra ... more
0 votes Share Flag Thu Jun 3, 2010 Home Buying in Salt Lake City
Kent Gagon, Real Estate Pro in Tempe, AZ
Kent Gagon answered:
Our home was appraised when we listed it 5 months ago. Now the buyers lender wants another one. Aren't they good for at least 6 months?
Christine,
An appraisal from 5 months ago may still be accurate or it may not, generally speaking anytime a buyer is qualifying for a loan thier lender is always going to order an new ... more
0 votes Share Flag Tue Dec 6, 2011 Home Selling in Salt Lake City
Kevin Muhles…, Real Estate Pro in Sandy, UT
Kevin Muhlestein answered:
Should I buy a 4-plex with a co-signer and manage the unit, pay rent, etc. and still split the profits 50/50?
I would probably work your butt off in finding a new co-signer. Odds are you can find someone that will do it without taking that much of the profits. Or I would find a new property whe ... more
0 votes Share Flag Sun Apr 25, 2010 Home Buying in Salt Lake City
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
if was divorced and one took home but could not get others name off and needed to short sale. what happens to the one who was not responsible?
Not knowing any specific details--Protect yourself and consult with an attorney, see exactly what options you may have.
0 votes Share Flag Tue Apr 20, 2010 Home Selling in Salt Lake City
Troy Critchf…, Real Estate Pro in Salt Lake County, UT
Troy Critchfield answered:
what is average cost for building on an addition in salt lake city?
HELLO COLLEN, I appreciate your question on the cost associated with the kitchen and master bedroom addition. Keep in mind this is an average cost, being that so many factors would go ... more
0 votes Share Flag Wed Feb 17, 2010 Remodel & Renovate in Salt Lake City
Mark LeMenag…, Real Estate Pro in Lake Nona, Orlando, FL
Mark LeMenager answered:
Any of you all out there having some good success with Bank of America in regards to Short Sales?? Love to know your opinions
Let me tell you a true story. I'm pretty good with technology so one of the agents in our office asked me the help her out by creating a list of properties in foreclosure in a loc ... more
0 votes Share Flag Fri Jun 10, 2011 Foreclosure in Salt Lake City
Adam Harward, Real Estate Pro in Provo, UT
Adam Harward answered:
Advice again please.... if last-minute backing out of a contract is possible, how can I make up for failed sales to the agents involved?
You don't owe them anything. If it were me and the sale fell through and you used me as your agent on the condo you referred to I think that would be sufficient. Agents work on c ... more
0 votes Share Flag Fri Aug 8, 2014 Home Buying in 84121
Todd Anderson, Real Estate Pro in Park City, UT
Todd Anderson answered:
Cancel out a week before closing?
If you are willing to walk away from your earnest money and that makes more financial sense than purchasing the home, then yes, you should walk away. Make sure that you and an attorney ... more
0 votes Share Flag Wed Oct 1, 2014 Home Buying in 84121
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