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All Locations : Nationwide Real Estate Advice

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  • Home Buying254K
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Activity 477,461
Lester Equal…, Home Buyer in Long Beach, CA
A moment ago
Lester Equality Metta answered:
I read that foreclosures are down. I don't see how we could have a crash without high foreclosures. It is possible for it to slow down and/or for prices to decrease in some areas, but I don't see a crash happening without some major event that would put too many homes on the market at one time. Right now, supplies are still considered low. ... more
0 votes 130 answers Share Flag
Cathy Talley, Home Buyer in Smyrna, GA
A few minutes ago
Cathy Talley answered:
I pay 900.00 a month for rent for two years along with paying utility bills and a car note. And other bills that average out to be about $2,800 a month. Watch I pay but so tired of renting. If I can afford that and pay ever month on time why want someone see my on time rent payments being never late. That's what people should also take in consideration. I have do money for a down payment for a house and my credit is below a 600 what can I do? I tried Lexington Law but I couldn't keep affording them. ... more
0 votes 8 answers Share Flag
Angelica P, Home Buyer in Seattle, WA
A few minutes ago
Angelica P answered:
Hello,

The photos have been removed from our display as you requested.

https://www.trulia.com/homes/New_York/Cheektowaga/sold/20555800-41-Carol-Dr-Cheektowaga-NY-14215


Thank you for using Trulia!

Angelica
Consumer Care Advocate
... more
0 votes 2 answers Share Flag
Cmrowland89, Home Buyer in New York, NY
A few minutes ago
Cmrowland89 answered:
See, I currently do not have enough for a down payment. My thought process was to seek for a downpayment amd closing cost assistance program.

You say if you can't afford the repairs, then you shouldn't own a home. There are a lot of new homes being built in Houston. I was looking into a new home. Especially since for one of the programs, the requirement is that the home can't be no more than a year old.

With the assistance program, it would help decrease my mortgage expense. Shaving off about a good $400-500 from what I pay for rent. That difference, I can put aside in savings for when I do have to repair things. I already have renters insurance. I imagine that going up a lil put but not much. And standard bills that I already paying: electricity, cable, water, etc.

So, I think you can own a home, you just have to have a plan. I don't make haste decisions. I always plan first. Planning is always key no matter what you do.
... more
0 votes 80 answers Share Flag
Jimmy Jung, Real Estate Pro in Calabasas, CA
A few minutes ago
Jimmy Jung answered:
Try Home Loans For All. They have lenders that can go down to a 580 or maybe even a 550 I believe. We have sent many clients their way with unusually good success. Just my 2 cents!
2 votes 45 answers Share Flag
Patty Lunette, Renter in Miami, FL
A few minutes ago
Patty Lunette asked:
Hello,
I'm about to sign a lease for the property
https://www.trulia.com/foreclosure/1028145547-1424-NE-180th-St-North-Miami-Beach-FL-33162
It was for rent but now I see it says…
0 votes 0 Answers Share Flag
Lamoureuxbk, Home Buyer in South Fort Myers, FL
A few minutes ago
Lamoureuxbk answered:
WE HAVE SOLD A PROPERTY, BARE LAND UNDER A OWNER CONTRACT. THE BUYER IS BEHIND ON PAYMENTS, TAXES, CLUB DUES AND WATER BILLS. THIS IS IN WASHINGTON STATE. AT WHAT POINT CAN WE REPOCCESS THE PROPERTY? THE BUYER SAYS THEY WANT TO SELL THE PROPERTY, EVEN THOUGH WE HOLD THE CONTRACT. CAN THEY DO THIS? ... more
0 votes 12 answers Share Flag
Averdasco31, Home Buyer in Ocoee, FL
A few minutes ago
Averdasco31 asked:
I have confirmed that the property located at 2116 New Victor Rd
Ocoee, FL 34761 is NOT for sale and is listed by American Homes 4 Rent yet I found the same property for "sale/rent"…
0 votes 0 Answers Share Flag
Averdasco31, Home Buyer in Ocoee, FL
A few minutes ago
Averdasco31 asked:
I have confirmed that the property located at 2116 New Victor Rd
Ocoee, FL 34761 is NOT for sale and is listed by American Homes 4 Rent yet I found the same property for "sale/rent"…
0 votes 0 Answers Share Flag
Angelica P, Home Buyer in Seattle, WA
A few minutes ago
Angelica P answered:
Hi,

I have emailed you regarding this concern.


Thank you for using Trulia!

Angelica
Consumer Care Advocate
0 votes 1 answer Share Flag
Shakara, Home Buyer in New York, NY
A few minutes ago
Shakara asked:
I am looking for pricing and information on advertising on your website for a real estate related business.
0 votes 0 Answers Share Flag
Karen Werkhe…, Real Estate Pro in Wind Gap, PA
A few minutes ago
Karen Werkheiser asked:
George Kamme…, Real Estate Pro in Chattanooga, TN
A few hours ago
George Kammerer answered:
If you'd like a REALTOR to sell it for you and represent your interests, I'm here for you. As a Broker with over 14 years experience and the only Master Certified Negotiations Expert (MCNE) in Chattanooga, I can bring you the most money for your property. Visit www.ChattanoogaHomes.net and see what Clients have said about me. You can reach me directly at 423-503-9593 or by email at GK@ChattanoogaHomes.net. ... more
0 votes 1 answer Share Flag
Loraarmstron…, Home Buyer in Washington, DC
A few hours ago
Loraarmstrong1977 answered:
How can I get a loan with 595 credit score, I dwn, for a house to rent to own
0 votes 12 answers Share Flag
Bradwhitcomb, Home Buyer in New York, NY
A few hours ago
Bradwhitcomb answered:
Lori B.,
Not sure of your financial situation, but there are several options to consider. Depending on the health of the real estate market in your area, banks will view their holdings differently. For instance, in Bend, Oregon the market tanked in '08 and banks unloaded their inventory while they could. But now the market has fully recovered and prices are well above pre-recession levels. As a result, banks are not willing to give homes away, and are more savvy regarding pricing. Nationwide, banks were allowing some people to stay in their homes for three years, mortgage-free just to ensure the home didn't suffer from deferred maintenance due to vacancy.
So to your question about options. It is in the bank's best interest to take offers. If the home has been on the market for over 70 days you are likely to see the listing agent ask for a price reduction. Ask your real estate agent to check with the listing agent regarding what comparable were used for the bank to set the price they have in place. It is the listing agent responsibility to inform the bank of any changes they believe need to be made to get Buyers to make an offer.
Foreclosure: Bank owns the home, but the original Buyer has a period of time to reclaim the home if all back payments, and fees are paid. Quicker process, Buyer has responsibility to turn on utilities for inspection, then turn them off. Most Banks require a 10 Business Day inspection period.
Short Sale: Long process and paper intensive (Banks often do NOT like short selling their homes unless it is a medical hardship).
Seller Carry Contract: Depends on the willingness of the Seller and Buyer to play well together. There are no shortcuts! Use all of the standard real estate contracts, addendum, and lean heavily on the Title and Escrow companies for critical fund protection, and title insurance...
If it were me, I would likely go the route of Foreclosure. If you have the cash you can also do an Auction purchase, or Sheriff Sale.

Hope this gets you started,
Brad Whitcomb, Broker
John L Scott - Bend
... more
0 votes 71 answers Share Flag
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