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All Locations : Nationwide Real Estate Advice

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Activity 495,218
A few minutes ago
Livoltim asked:
I am trying to buy an investment property and wanted to know if there are any banks not requiring 6 months reserves. and what are the main guidelines to qualify for an investment property.…
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A few minutes ago
Jampanzie asked:
A few hours ago
Bill Gassett answered:
Most real estate agents don't understand escalation clauses which is a shame because they can be a valuable tool in a buyer's agent tool belt. The problem you run into is listing agents who are clueless about how they work.

I have written a very comprehensive article at Maximum Real Estate Exposure explaining how an escalation clause works. Take a look at the web reference.
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A few hours ago
Bill Gassett answered:
The comment below echo my beliefs that so many real estate agents are clueless when it comes to an escalation clause. An escalation clause is used for the buyers benefit in a bidding war - the end result of which is the seller getting an exceptional price for their property.

There are many things to understand as an agent, buyer and seller when it comes to using an escalation clause. Take a look at the detailed reference at Maximum Real Estate Exposure that explains in detail the pros and cons of the escalation clause.
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A few hours ago
Montero.nicole asked:
Signed 12 month lease for specific floor plan and was wrongfully placed in handicap accessible apartment. Management won't fix problem. Is this okay?
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A few hours ago
Codyqlarson asked:
I called a month ago, and got in touch with someone who said to call back in Late July, but the contact info is gone.
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A few hours ago
Edesha answered:
What is your budget and how many people will be occupying the unit? Have you paid off the unpaid balances on your credit report?
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A few hours ago
Roosp answered:
In PA, the process is within 15 days from signing contract to buy. Going through it now.
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A few hours ago
Jessicalynng asked:
Is there anyone that can help me find a place to rent? Looking for someone to schedule showings, email apps, get the inside knowledge on the best deal and location. Currently live in Santa…
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A few hours ago
Bre Douglas answered:
Typically in this situation, you would apply for what's called a "subprime" mortgage. Lenders consider business owners "high-risk" due to not only a fluctuating income but also because (unfortunately) a lot of business fail. Your income appears lower than it actually is because of business write-offs with your taxes. With a subprime mortgage, the interest rate greatly depends on your credit score. Under 600- it will be pretty high, 700+, it will be comparable to a conventional mortgage. Also, you need to put down at least 10% of the purchase price.
(It's been awhile since I was a mortgage broker, but that is what I remember about sub-prime.. things may have/most-likely have changed).
Another option would be to do a lease purchase/ rent-to-own but sellers willing to do this are hard to come by.
Hope I helped a little.. there are options out there. You could always just talk with a mortgage lender and see if they can offer any other options. Good luck!
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A few hours ago
Mary answered:
Hi,

Unfortunately, we currently do not have listings for rent to own homes. You may try your luck though and search our website using the Keyword section of the search filter which can be found in the All Filters button. However, these listings are extremely rare.

Thank you for using Trulia!

Mary
Consumer Care Advocate
http://www.trulia.com/help/ask/
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A few hours ago
Mary answered:
Hi,

Pending means an offer has been made on the home and it is in the process of closing.

Thank you for using Trulia!

Mary
Consumer Care Advocate
http://www.trulia.com/help/ask/ ... more
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A few hours ago
Brownmoch128 answered:
Hi I'm looking for some one that takes my program Feps any suggestions
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A few hours ago
Susan Howard asked:
A few hours ago
Penni Brink asked:
A few hours ago
Wickz1 asked:
They had my property about 350k below what it was worth and would not deal with it.
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