Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

02571 : Real Estate Advice

  • All9
  • Local Info2
  • Home Buying3
  • Home Selling1
  • Market Conditions0

Activity 8
Sat Apr 1, 2017
Kate43d asked:
Would like to rent for a week
0 votes 0 Answers Share Flag
Sat Dec 3, 2016
Norman Belanger asked:
Thu Feb 13, 2014
Tabitha Sleeper answered:
Im so shocked to hear that it is higher than the Mass average. Pinehurst is beautiful, good luck with youre new home.
0 votes 5 answers Share Flag
Mon Dec 2, 2013
answered:
Hi Mwaterville,

You need at least a 620 middle credit score for the USDA mortgage. The bigger concern is the fact that as of 1/15/2014 Wareham will no longer be eligible for the no money down USDA mortgage.

See below:

http://www.rurdev.usda.gov/STELPRD4021921.html

Changes to the map of eligible areas for RD home loan programs based on 2010 Census data were scheduled to take effect Oct. 1. However, passage of the Continuing Appropriations Act, 2014, has postponed the implementation date to Jan, 15 2014.

**To view the new maps go to http://eligibility.sc.egov.usda.gov and select "Future Eligible Areas" on the left menu.**

NOTE: Complete applications received before January 15, 2014, will continue to use rural area definitions based on 2000 Census data.

So if you are planning on buying in Wareham with a USDA mortgage, you need to have your loan approved by the lender and submitted to USDA for final approval by 1/15/2014.


Please feel free to contact me for more information or help. You can also find info on my USDA Mortgage website by clicking the link below.

John Burke
Senior Mortgage Banker
Peoples Bank & Trust
(877)228-9069
... more
0 votes 3 answers Share Flag
Fri Feb 17, 2012
Elizabeth answered:
Presently, we could do this job for as little as $50,000; barring any complications with regards to the heating or plumbing-in other words, simple tie ins. This also assuming you have the proper setbacks for an addition this size. Additionally, we're talking four standard windows, (hurricane rated windows cost about 3 x as much) a single door, simple asphalt roofing and composite tile, or comparable flooring. Keep in mind, that this does not include the cost of plans, engineering, electrical upgrades, which may be required or furnace, boiler or septic upgrades. These could potentially add between $5000-$20,000. We are a Wareham based building and remodeling company and I offer this answer based on an actual addition we are doing in the nearby town of Middleboro and one we did recently in Plymouth. Of course, if this is to be a kitchen or bathroom they could add substantially to the cost. ... more
0 votes 5 answers Share Flag
Wed Sep 7, 2011
Jobass24us answered:
Im not an attorney but Im in this situation right now. I spoke with an attorney and yes in this state the 2nd lender can come after you for the amount owed. However, that is if you have assets they can attach. if you have no liquid assets or investments ( 401k's are exempt they can ask you to borrow against it to pay but you are not obligated and they cannot pursue your 401k.) The only way to get out of this, if they decide to pursue you and attach wages, is to declare bankrupcy. That may be a course you may not want to take but you may have to, to prevent them from going after your wages and at this point with the foreclosure your credit is shot so why not protect yourself witht he bankrupcy. I would never agree to carry the 2nd loan after my home is foreclosed. It does not make financial sence. ... more
0 votes 7 answers Share Flag
Sat Nov 13, 2010
Corey Sprague, Realtor answered:
There are some trailer parks in Wareham, as well as, adult communities that have the appearance of a trailer park. Need some more information.

Corey Sprague
0 votes 3 answers Share Flag
Mon Jul 13, 2009
Lori Lincoln answered:
Hi Kay,

Your credit will be dramatically affected if you get to foreclosure. The foreclosure will stay on your credit report for at least 10 years. With a short sale, the credit report on your mortgage will show deliquent, but will eventually age as time passes. Once the home is sold on short sale, the credit report will indicate paid in full.
Eventually in a few years, if you pay all of your other bills on time, your credit will start repairing itself just by aging itself.
Your other optioin is to negotiate a loan modification. I've seen this done on owner occupied homes, second homes AND investment properties. Call or email me and I will be happy to guide you through.
... more
0 votes 3 answers Share Flag
Search Advice
Search

Followers

161