It sounds like you are trying to do this yourself?
Why would you do that when a Buyer's Agent is free to you?
Why would you withdraw your Offer?
Did you have Contingengies?
We would have to see the wording of your Contract.... more
Every price you saw is an "estimate":
Whether that estimate was drawn from LISTINGS, SOLD houses, Tax Records, or Internet Estimates; they are all estimates.
The only time a house has a true VALUE is when a Buyer steps up and BUYS it.
Everything else is just opinion.
The closest you can come to the Market Value is when your Realtor does a CMA.... more
1. Apply with lenders and review your situation
2. Hard money (you mentioned)
3. Seller May Carry Terms (usually at least a 15% down payment required)...3-5 year interim loan for you to find permanent financing.
4. Friend or family member to co-sign for you.
Let me know if you need referrals or would like to see seller may carry homes.
Jeffrey Masich, Realtor, GRI, MBA
Is the $15K your combined incomes or money in your pockets?
Your housing should be cheaper, while food, gas, etc., probably not that big of a difference.
If looking to rent, credit scores can be overcome.... more
I would speak to my buyer broker and possibly have a local real estate attorney review your offer paperwork , but I would doubt that you'll be able to recoup your money because in all honesty it sounds as if you jumped the gun. You did not have a sale contract, you simply made an offer and then you went ahead without waiting and paid your lender for an appraisal which they should not have ordered without a fully executed sale contract (The Seller's signature on a designates short sale is meaningless as you've now found out and you don't have a contract until it's been accepted by the lender) and you paid a home inspector to do an inspection without a contract.
Depending on how you feel the person I believe has some responsibility to you (and I don't know all the facts) is your buyer broker who should have told you to wait until you had a fully executed contract.
Short sales are not something inexperienced agents should be getting involved in.
I'm sorry you've learned this lesson the hard way... more
Please call me and we can discuss programs for your particular situation.
Steffy Hristova, MBA, SFR, Realtor®
Tel: (480) 966-9353 Fax: (602) 507-3703
3131 E. Camelback Rd. #125
Phoenix AZ 85016... more
I don't think there is anything wrong with getting info from 2 lenders.. in fact you are just shopping.,
You should look at both GFE (good faith estimates) and make sure that you are comparing apples to apples.
I am not sure how any lender can tell what was left out of another's GFE.
Typicality a lender will go ahead and order appraisals and move forward with a loan if you have verbally expressed your interest in moving forward.
Since you gave them credit card info.. you might check with state banking regulations but you may have indicated you wanted them to move forward, just buy giving them a method of payment.
You aren't obligated to either but you may have to eat the charges..
Best of luck, I hope someone gives a better answer than mine.
As a first time home buyer if you are physically going to be in AZ in January you should start the loan pre-qualification process and get setup on an MLS search so you can start to get an idea of what's out there. Then you will be ready to start physically scheduling showings once your here in AZ.
Do you want to receive homes that closely match your criteria and get set you up with your own custom MLS portal (the same portal Realtors use) so you have instant access to all foreclosures, govt. foreclosures, distressed sales, and real estate deals? My email is sreiter(AT)remax.net and my number is 480.270.5222 if you wish to discuss. Just call or email me your thoughts thus far on what your are looking for in a home or condo. Also you can sign up on my MLS search website. Looking forward to hearing from you!... more
Sorry to hear that someone failed to complete the Pre-Qualification process at a level that would/should of discovered this issue. It's frustrating and I see it so often when buyers use some mortgage company that offers a low rate or promises the world to them. Mortgages today are available in many flavors, so long as you enjoy vanilla.
We have a couple of options that I could look into for you and or provide you with contact information if you prefer that.
I'm not aware of anything in statutes that would require the refund of the appraisal.
How are your rentals doing?... more
First of all what do you mean by Play Down? Second, a buyer rarely if ever pays a Realtor a commission, the seller does. What do you mean by Play Down for discrimination? You discriminated against someone as the buyer? Very confusing to us. If an offer is rejected no one pays anything, your Realtor takes it for a loss since they hauled you around and had to write it.... more