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02368 : Real Estate Advice

  • All22
  • Local Info1
  • Home Buying12
  • Home Selling3
  • Market Conditions4

Activity 21
Mon Jul 25, 2016
Shamquikab asked:
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This question was asked from this property: http://www.trulia.com/foreclosure/3235089854-15-Cullen-Dr-Randolph-MA-02368
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Tue Jul 21, 2015
danickpl asked:
Wed Aug 27, 2014
Ernie Behrle answered:
Depending upon the estate I have seen them using an auctioneer as Richard suggests and I have also seen the good old yard/tag sales. Auctioneers can help you assess and price things if the estate is of some substantial value.. plus you can place reserves on things you would only sell for a certain price. They tend also to attract higher dollar spending buyers and collectors. ... more
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Wed Jul 16, 2014
Griffitc answered:
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Mon Sep 9, 2013
Kevin Vitali answered:
Your question is not clear and does not have enough details. You can buy as many properties as you want to.....
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Sun Sep 1, 2013
Mack McCoy answered:
Sun Sep 1, 2013
Mikel DeFrancesco answered:
No doubt. I am very active in Randolph and one of the biggest challenges is enough inventory. So the short answer is yes, the market is very strong in Randolph this yr as compared to the previous several. ... more
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Sun Sep 1, 2013
Mikel DeFrancesco answered:
Sun Sep 1, 2013
Mikel DeFrancesco answered:
That will depend on where it was specified to be held in the contract that you signed allowing the escrow. A shorter answer may be: To whom did you make out the check :)
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Sun Sep 1, 2013
Mikel DeFrancesco answered:
Of course - unless there was some unusual agreement you signed as part of the short sale, but that's unlikely. The question is whether you can get the loan which after 2 years may certainly be possible. Contact your mortgage person or I or someone on this board can assist you in finding someone that can quickly and definitively answer that for you. ... more
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Tue May 14, 2013
Jim Driscoll answered:
check out this site to see:

https://entp.hud.gov/idapp/html/condlook.cfm

any questions call me at 617-529-9007
0 votes 1 answer Share Flag
Wed Mar 20, 2013
Mack McCoy answered:
We cannot advise you to sue or not. As a non-attorney, I think the bank has the right to cancel the sale at any time for any reason without recourse, but an attorney can give you the facts.

All the best,
... more
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Sun Mar 3, 2013
leahramj answered:
lender had income and credit report2nd week in January 2013 granted preapproved loan for 72200 any info realtor or lender ask for I did produce in a timely manner. Realtor stated hud would need $1000 down I mailed it in a certified check next lender sent papers to sign involving estimate on work to be done on the home in order to bring the home up to code, I noticed the estimate did not show estimate on plumbing or roof needs to be sealed nor any estimate on electrical repairs that was stated in the inspection report.203k loan on repairs are $23319 . lender only use the first credit report when I first applied and was aware of income, why would realtor and lender put me through turning on water, electric, pay for inspection and apprasial knowing of my income Right now am out of $1900. I later found out realtors do have courtesy turn on accounts with the water company and electric co. my realtor said she could not help me I would have to do that on my own in order to get the house inspected is there anyway I could get my money back the only money that is offered back to me is my $1000 deposit I gave the lender monthly income $1249 lenders put down income $1691 monthly income is that illegal for a lender to do? I do feel there is some wrong doing please give me advice as to handling this situation. Aleiaue Ramirez ... more
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Sun Aug 12, 2012
My NC Homes Team answered:
I would suggest immediately canceling the insurance policy. It's hard for anyone online to really comment on what happened as we don't have all the facts, however I think it's highly unusual that the lender ordered the insurance policy to begin with. IF there's any amount owed I would demand they pay it as you didn't order the policy.

Depending on the circumstances I might also consider filing a formal complaint against the lender with your state banking commission, Secretary of State (they over see the lenders license), and possibly your state Attorney Generals office.
... more
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Wed Nov 9, 2011
Heath Coker answered:
Zip code is not a good identifier. Condition, size, location, bedrooms, baths, lot size, even color can all make a difference inside a zip code.
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Fri Apr 1, 2011
Kevin Vitali answered:
Are you entitled to the deposit money? Mostly likely YES!!
Is it worth the hassle to retain the deposit? Most likely NO!!

Much of it is spelled out in the contract that was signed. You may have rights to the money. Most standard contracts will say default of the buyer is limited to deposits tendered. The problem arises that as an escrow agent (real estate brokerage), we can not release any funds to one party or another without consent of both parties.

Quite simply, if the buyer signs a release, handing over the funds it is nice and simple. If they don't, you are talking about hiring an attorney to get the deposit money if it can't be handled in small claims court. Minimally you are probably looking at $2500 in attorneys fees. If your talking about a minimal deposit, its probably not worth going after.... If its under $2000 you can probably go to small claims court.

Meanwhile, if you are retaining a deposit that is in question it may hold up selling your home. It may be best to move on and just get your home sold.

I am definitely not an attorney and in no way should you see this as legal advice, but this is how I have seen things play out before. If it is important to you to retain the deposit, seek the advice of a real estate attorney.
... more
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Sat Jan 22, 2011
Mikel DeFrancesco answered:
Holly,

I have worked directly with banks as both Short Sale Broker and to help them negotiate with delinquent owners.

The bottom line is the bank pays, since there is more owed than proceeds... the bank will approve the HUD which includes the commissions. A Few important items:

- The banks may reduce the commission, so the agents beware. It is why almost all Short Sales need to say " Commission Subject to third party approval "
- An atty should help prepare the package to the bank... if an incomplete HUD is ( Finally! ) approved by the bank and other items are discovered ( liens, fees, taxes etc ) .. then the banks approval is no good.
- The seller should only sign a realistic offer. The banks are so swamped with these that it may take weeks or months for them to process, get appraisals, BPO's etc. They are not interested in a negotiation. Many sellers sign a super low offer because they don't really care ( it's not their money... right? ) or some predatory " Investor " figures they'll take a shot. It's really setting themselves up for failure.

The instructions from a bank for a SUCCESSFUL short sale is:
- Only sign a realistic offer, that is likely to be supported by the banks independent review
- Send a complete HUD with all costs associated
- Send in complete seller papework, taxes, acct statements, hardship letter etc.

If the above is done... short sales are easy and successful. Most of the time it's not.. and that is why short sales fail.

If you are interested in discussing further with an experienced local broker ( My office used to be on S Main ) .. please contact us at direct: 617-755-8272 or Mike@SuccessInMass.com
... more
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Thu Oct 14, 2010
Heidi Zizza answered:
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Sat Sep 4, 2010
Larry Hassan answered:
17 Canton Street Randolph Ma just closed yesterday 9-3-10 $260,000 4Bedroom Cape very good condition. 101 days on market. Original list price $274,900. Financing took 15 extra days to close out. ... more
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Thu Apr 10, 2008
Kimberly Allard Team answered:
Yes, Century 21 N. Shore was the selling Broker and Todd Sandler was the Listing Broker. Both of those Brokers are REALTOR Members. Remember...A licensed real estate agent/broker is a REALTOR® ONLY when he or she becomes a member of the NATIONAL ASSOCIATION of REALTORS®, The Voice for Real Estate®, the world's largest professional trade association. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics. Not All Agents/Brokers are REALTORS. ... more
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