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Home Buying : Nationwide Real Estate Advice

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  • Home Buying254K
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Activity 220,193
Elva Wormley, Real Estate Pro in San Jose, CA
Sat Jan 21, 2017
Elva Wormley answered:
Hi Angelic,

Your realtor can provide some advice and comp analysis that should assist you. Are you working with a realtor? If not, I know a couple of realtors in Vallejo.

Best regards,

Elva A. Wormley
Mortgage Consultant
Office (408) 615-8500
C2 Financial Corporation
2845 Moorpark Avenue, Suite 209
San Jose, CA 95128
NMLS #331981 / BRE #01274093
... more
0 votes 1 answer Share Flag
Elva Wormley, Real Estate Pro in San Jose, CA
Sat Jan 21, 2017
Elva Wormley answered:
Hi Paul,

There may be some options for you. Feel free to contact me to discuss.

Best regards,

Elva A. Wormley
Mortgage Consultant
Office (408) 615-8500
C2 Financial Corporation
2845 Moorpark Avenue, Suite 209
San Jose, CA 95128
NMLS #331981 / BRE #01274093
... more
0 votes 1 answer Share Flag
l58161685, Home Buyer in Sarasota, FL
Sat Jan 21, 2017
l58161685 asked:
Alysse Musgr…, Real Estate Pro in Coppell, TX
Sat Jan 21, 2017
Alysse Musgrave answered:
I wrote a best seller on the topic...you can read it free on Amazon prime. When you want to buy a home, hire an Exclusive Buyer's Agent to represent you, not a regular buyer's agent. EBAs represent homebuyers only, so there is no conflict of interest to jeopardize your negotiating position. Contact http://naeba.org for a referral to an EBA who will give you valuable advice, not a sales pitch.

Buying a Home? Don't Let Them Make a Monkey Out of You! Follow the link below.


Alysse Musgrave
Consumer Advocate/
Exclusive Buyer Broker
http://HelpUBuyAmerica.com

Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You!
... more
0 votes 1 answer Share Flag
Alysse Musgr…, Real Estate Pro in Coppell, TX
Sat Jan 21, 2017
Alysse Musgrave answered:
No, 480 won't work. Some lenders can offer you financing with a 580 score, but wait until your score is around 640 before you try to buy a house.

Buying a Home? Don't Let Them Make a Monkey Out of You! Follow the link below.


Alysse Musgrave
Consumer Advocate/
Exclusive Buyer Broker
http://HelpUBuyAmerica.com

Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You!
... more
0 votes 1 answer Share Flag
Jasper, Home Buyer in Monterey Park, CA
Sat Jan 21, 2017
Jasper asked:
Donald L. Ro…, Home Buyer in Smyrna, TN
Sat Jan 21, 2017
Donald L. Romack asked:
I noticed that many homes listed for sale or for sale by owner in my area (middle Tennessee) have been listed for sale but in the text the listing says it is not really for sale but for…
0 votes 0 Answers Share Flag
Mileypm, Home Buyer in New York, NY
Sat Jan 21, 2017
Mileypm asked:
Marsha Umans…, Real Estate Pro in Tamarac, FL
Sat Jan 21, 2017
Marsha Umansky answered:
I realize it is an old question, but anyway... I am a Russian speaking agent, so feel free to contact me at any time.
0 votes 53 answers Share Flag
Stoyan, Home Buyer in Miami Beach, FL
Sat Jan 21, 2017
Stoyan answered:
It depends what you are looking for. It is not a simple yes or no answer. Please don't hesitate to email me for a more detailed answer at stoyan@realestatesmarket.com.
0 votes 1 answer Share Flag
Chasitychris…, Home Buyer in Atlanta, GA
Sat Jan 21, 2017
Chasitychristian27 answered:
How do you obtain homeowners insurance on an option to purchase contract? I have renters but my "landlord" does not carry homeowners (just recently found out after tree fell on the house). If our contract is on record could I obtain homeowners? ... more
0 votes 9 answers Share Flag
Shelly_79mcr…, Home Buyer in New York, NY
Sat Jan 21, 2017
Shelly_79mcrae answered:
Hello are there still any homes around 5,000 i would like to purchase one in the 19132 Philadelphia area
0 votes 12 answers Share Flag
silbosaggins, Home Seller in Houston, TX
Sat Jan 21, 2017
silbosaggins asked:
I'm trying to keep an accurate list of rental properties available in Oahu, HI, but when I try to remove/delete properties they always remain or reappear.
0 votes 0 Answers Share Flag
Susie Kay, Real Estate Pro in Dallas, TX
Sat Jan 21, 2017
Susie Kay answered:
Yes, you can buy a home eventhough you are not a citizen. The question is whether you need a loan and whether a lender can approve you for a loan.

Are you planning on purchasing a home in Plano for investment or for you to live in? It's a really hot seller's market here so be prepared for multiple offers. ... more
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Susie Kay, Real Estate Pro in Dallas, TX
Sat Jan 21, 2017
Susie Kay answered:
How bad is your credit? I would suggest that you discuss this with a lender and go from there.
0 votes 2 answers Share Flag
Kathy Burgre…, Home Owner in Westchester, NY
Sat Jan 21, 2017
Kathy Burgreen answered:
ALL of the answers below left out some important critical information:

1. For ALL purchase and refinance loans, tax authorities (IRS, state) are in 1st position meaning if the owner / buyer is delinquent with payments on their tax liens only, the tax authorities can foreclose on the property and when the home sells, the tax authorities collect what is owed them. If there is still a balance owed on the mortgage loan, the profits from the sale of the house go to the tax authorities - not the lender. Therefore the lender is out the money. The lender is in 2nd position and cannot collect anything.

2. When it comes to property taxes, owners can pay property taxes separate and it does not have to be included in escrow. However, lenders don't trust that buyers will pay property taxes on time, therefore, lenders make it easy for themselves to include property taxes in the mortgage payments so this way the taxes are paid on time. If the taxes ever increase, your escrow payments will increase. If you cannot afford increased escrow payments, your lender will foreclose on your home and they will be in 1st position - not your county because of unpaid property taxes.

3. Lenders are independent contractors and self employed. Therefore, they can pick and choose which buyers to give loans to. If you have tax liens with the IRS or your state, this tells lenders they don't have to give you a loan if they don't want to. It has nothing to do with requirements or IRS rules. It has to do with their business model. Lenders weigh the risks of giving you a loan. If they think it's too risky, the answer is NO. Lenders need to make a profit. Giving a loan to a buyer that has tax liens spells lousy deal for the lender. This is discrimination and it's legal to discriminate if a buyer has tax liens.
... more
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