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02333 : Real Estate Advice

  • All9
  • Local Info0
  • Home Buying4
  • Home Selling1
  • Market Conditions0

Activity 7
Thu Jul 14, 2016
Neil Roxas answered:

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Consumer Care Advocate
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Fri Jan 3, 2014
Brian Mastromatteo answered:
I knpw places for 650 to 850 mouth. Give me a call 781 829 9496 Brian Mastromatteo
1 vote 2 answers Share Flag
Mon Jan 9, 2012
Heath Coker answered:
I would research redemptions in MA rather than ask that question here. I am not sure that redemptions have the same definition in MA that they do in other states.

(Keep in mind that when you give a thumbs up to an answer - or better choose an answer as a best answer - it helps the answerer on this site.) ... more
0 votes 2 answers Share Flag
Fri Nov 11, 2011
Paul Welden answered:
Is this property a new build home that has never been completed?
Is this property a remodel of an existing home that has not been completed?

If the property is the first option, the property is not eligible for an FHA 203k Loan. However, if the property is the latter, then the property is eligible for an FHA 203k Loan (subject to lender overlays. ... more
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Thu Oct 6, 2011
Ed Beck answered:
Many foreclosure sales are scheduled, and are adjourned several times before they take place. Perhaps the landlord is working on a loan mod, or has filed a bankruptcy, or has a forebearance plan. Keep an eye on the newspaper and/or ASK the landlord. Check online. Either way, you have an obligation to pay your rent to the landlord until you are notified by the bank that the landlord no longer owns it and your rent is due and payable to them. And you will be notified, shortly after. ... more
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Tue Mar 2, 2010
Debra Cahill answered:
Yes, unfortunately it is normal but frustrating. Short sales are challenging and each one is unique because each lender follows their own rules. Patience is a virtue but if you're hoping to close this by 4/30 to capture a first time or repeat buyer tax may be disappointed.
If the house is phenomenal and you want it no matter what then patience is recommended. If you're looking to capture to credit...keep looking around while this is in process knowing that you can withdraw your offer if something better comes along. (depending on how your offer/P&S was drawn). Legal counsel is always advised.
Best Wishes....
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