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All Locations : Nationwide Real Estate Advice

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Activity 483,522
A few minutes ago
Ksytwu asked:
Please OPT OUT my name, Karol Sytwu, from your website as I am not active real estate agent at present time. Thanks - Karol Sytwu
0 votes 0 Answers Share Flag
A few minutes ago
Kathy Burgreen answered:
It's against the law for lenders to discriminate on age. Yes, you CAN get a mortgage loan at 90 yrs. old. No matter what age you are, the fact is if you die or move, your house will be sold and the loan balance will be paid at closing. This means the lender gets paid first. The sale price - the loan balance - seller's closing costs = net profit to the seller. Therefore, if your estate needs to sell your home and you only lived there a short time, the estate will receive very little (if any) money from the sale of your home. It takes years to build up equity in a home. ... more
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A few minutes ago
Hillery64 asked:
there is a loop hole in the system that allows landlords/property managers to basically steal money from potential renters.background checks are not performed or the applicant is denied…
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A few minutes ago
Diane answered:
0 votes 6 answers Share Flag
A few hours ago
denns radke asked:
A few hours ago
Kathy Burgreen answered:
As a Westchester resident for 30 years and a former realtor, allow me to provide you with facts:

1. Getty Square is located in zip code 10701. The area from Herriott Place (St. Joseph's Hospital) going north to High Street and from the Hudson River going east to Ashburton Ave. / Saw Mill River Rd. intersection has been a very poor neighborhood since around 1970. This includes the area around Getty Square. The area also has a high crime rate.

2. The city of Yonkers did invest money to improve Getty Square but they are limited with funding and Yonkers needs to spend money to improve neighborhoods and schools - money they do not have. Don't expect Yonkers to improve the area anytime soon. They don't have the money to do so. Yonkers has had money management problems for years.

3. Zip code 10703, 10701 (from Glenwood Ave. going north), 10704, 10710 and 10705 (by the Bronx border) are all average to very good neighborhoods to live in. They are safer than the area around Getty Square. Just be prepared for higher prices.

4. As for the foreclosed homes in the Getty Sq. area, what do you expect? The area has housing projects, welfare residents, rehab centers, halfway houses for released inmates, etc.
... more
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A few hours ago
Scott Godzyk answered:
No legitimate REO company will have you pay $500 to get a listing. Most often you do have to be a member of one of the 2-3 REO management sites, which do have a free option and you pay a "technology fee" at closing. When it sounds too good to be true, it usually is. ... more
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A few hours ago
Bill Moran, RAA/GAA asked:
A few hours ago
Kathy Burgreen answered:
Income does not always mean employment income. Lenders consider income from pensions, Social Security, annuities and investments. Therefore your pension IS income. You need to contact a lender and have them pull your credit. You should be fine. ... more
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A few hours ago
Kathy Burgreen answered:
As a former realtor, prices for 2 bedroom rental apartments in the Bronx start at $2,000. and go up. In Manhattan, prices start at $4,000. In Queens and Brooklyn, prices start at $3,000.

If your income is $120,000. you need to cut your expenses and increase the amount for rent. Work out a budget that you can stick with and one that you can afford a 2 bedroom for $2,000.+
... more
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A few hours ago
Anthony Mickelsen asked:
I live in a 36 unit 3-story condo in seattle, wa. I am on the third level. The building was built in 1956 and then in 2008 it was renovated into condos. I purchased my unit and moved in…
0 votes 0 Answers Share Flag
Yesterday at 9:32pm
joanna.anselmo answered:
Not if its listed unless your given permission on the mls.
0 votes 99 answers Share Flag
Yesterday at 9:22pm
Gloria answered:
If a person list there home threw fire burn can social security get them built one of stay in motel for a month. What must they do
0 votes 96 answers Share Flag
Yesterday at 8:31pm
Beryl Banks answered:
You have to take the initiative to request of refinance once your equity in the property exceeds 20%. There may be a time penalty for FHA, and you are responsible for the appraisal fee regardless of whether the result is what you expect. ... more
0 votes 14 answers Share Flag
Yesterday at 8:03pm
Jennifergraseck answered:
The only loan I know of that requires no down payment is the USDA Rural Development Loan. I know because I have it. The catch is that the home you purchase has to be in an eligible rural area.

As for someone above stating "if you can't afford a down payment you can't afford to own a house" sorry but that's the most idiotic thing I have ever heard. I paid $1100 in rent per month. We purchased this home almost 5 years ago for $119,000 with no down payment with the USDA direct loan. I have a 3.125% interest rate on a 33 year mortgage. I pay $714 a month which includes my mortgage payment, property taxes and homeowners insurance. I can't afford to NOT own a home! Paying $1100 for a tiny apartment with no humanly possible way to save money is like spending your entire life just floating instead of attempting to swim!
... more
7 votes 65 answers Share Flag
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