Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

All Locations : Nationwide Real Estate Advice

  • All727K
  • Local Info61K
  • Home Buying266K
  • Home Selling46K
  • Market Conditions26K

Activity 508,253
A moment ago
Ashley S Hamilton answered:
HELLO,

What are you trying to do with the property? Is it occupied?
0 votes 1 answer Share Flag
A few minutes ago
Kathylakritz answered:
It depends on the type of loan you have. For example, I know the law was changed recently for FHA loans. It used to be that mortgage insurance would come off when you were at 80% value ratio. Now FHA loans require mortgage insurance for the entire life of the loan, so it doesn't come off. You may have a different type of loan, so you need to contact your lender. As for the $40K increase in value, your lender will require that you pay for an appraisal. Your lender will base your home's value on what the appraiser says. ... more
0 votes 1 answer Share Flag
A few minutes ago
Pdoyle asked:
A few minutes ago
Kathylakritz answered:
This sounds like a scam. Did you see the inside of the rental before agreeing to take it. As for ownership, you can verify ownership at your county tax assessor's office. Whoever owns the rental is required to pay property taxes. So look to see who is paying the property taxes. The county tax assessor can also give you the owners phone number or address.

The typical rental scam is they give you some excuse as to why they cannot show you the rental and they require that you send a deposit before accepting you. They will always mail keys.

A legitimate rental is where the landlord or property manager will show you the rental in person before doing anything else. You should be sign any paperwork at the office in person. They will give you the keys in person. If you did not have this done, it's a scam.
... more
0 votes 2 answers Share Flag
A few minutes ago
Kathylakritz answered:
You should contact a local realtor who can email you listings directly from the MLS system. The MLS system has far more search criteria and realtors can set up the search with your specific criteria. ... more
0 votes 1 answer Share Flag
A few minutes ago
Debra asked:
A few minutes ago
Kathylakritz answered:
This is a 7 yr. old question but for current NYC area buyers looking to own affordable housing especially those buyers who are priced out of single family homes and condos, buying a coop is an excellent choice. Most coop buildings are located in southern Westchester County or Nassau County on Long Island. Typically they are within walking distance or a short drive to either a Metro North or LIRR station. They provide excellent resale value as there are always more buyers than sellers and coop owners do gain equity, however, it won't be as much as single family houses - especially houses in renovated or upgraded condition.

Coop buildings do provide other values. If located within walking distance to the train station, you will save hundreds of dollars for a parking permit. Coop buildings tend to be located in or close to the business district of the town so going out for walks, shopping, dining, etc. is much easier than living away from the business district. Most coop buildings have either indoor or outdoor parking and in many cases, both. However, buyers need to expect a wait list so better research this before closing.

Finally, because coop boards require higher down payments than lenders require for mortgage loans, the NYC area did not suffer much of a housing crash during the last recession. This was in large part due to coop boards approving buyers who could financially afford to pay their mortgage and maintenance fee. Single family homes didn't suffer much either because lenders only approved buyers who were financially qualified.
... more
0 votes 10 answers Share Flag
A few minutes ago
Djpeecher answered:
Feel free to email me to set up time to go over your situation. Sounds like a no brainer to help you get back in the real estate game. dpeecher@capitalpacifichomeloans.com
0 votes 5 answers Share Flag
A few hours ago
Djpeecher answered:
I do small loans fha/va/conventional pricing owner occupied or non owner Call Dorian Peecher 510 309 7699
0 votes 20 answers Share Flag
A few hours ago
Alan May answered:
I'm not an attorney, so this should not be construed as legal advice.

Without seeing your paperwork, it's impossible to answer accurately. But if you have a "house sale contingency" on your purchase... and you drop that contingency... and there are no other contigencies... I wouldn't think the seller could sell to anybody else. ... more
1 vote 1 answer Share Flag
A few hours ago
Alan May answered:
Yes... I'm working the 10 day work week system...

oh, wait.... what?
0 votes 1 answer Share Flag
A few hours ago
Carol Crowe answered:
The auction company told me the bank couldn’t keep the contract because of the title issues on the property and that the bank would be placing the property in holding until the issues were resolved. I told her I was willing to wait however long it took and she told me there is just ABSOLUTELY NO WAY the bank wouldn’t do it.... within 1 day of returning my $2500 they had for 6 months the property was back up for sale on the same site I “got” it from and is now under contract for about 17k more than the contract I had on it. Do I have any legal recourse? I was basically forced out of the sale. ... more
0 votes 1 answer Share Flag
A few hours ago
Phyllis60 asked:
A few hours ago
Hilary asked:
There are major errors in my home's listing on this site.
0 votes 0 Answers Share Flag
A few hours ago
Mstravel answered:
Absolutely not. If your financial situation is that tight. You will only end up getting yourself into something you won't be able to maintain. Without 20% down you will have to pay a mortgage insurance fee called a PMI. Thus increasing your monthly payments. If you have a small down payment and qualify for a government grant thus bringing you up to 20% down. Then go for it. ... more
0 votes 315 answers Share Flag
1 2 3 4 5 6 7 ...
Search Advice
Search