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11207 : Real Estate Advice

  • All34
  • Local Info5
  • Home Buying20
  • Home Selling2
  • Market Conditions0

Activity 31
Tue Apr 4, 2017
Jsparling1015 answered:
0 votes 33 answers Share Flag
Thu Jan 26, 2017
Michael Denniston answered:
Hi Kecaho,

That's a great question. It really depends on many factors including your income, credit, down payment, and work history. Also, the homes' property taxes, insurance cost and whether or not it has rental income. That's just a partial list.

Your best bet is to meet with a local, experienced and licensed mortgage professional for a free mortgage preapproval to learn exactly how much house you can afford. You may want to start with your current bank, ask family and friends for referrals and also check reviews on Trulia/Zillow.

All the best.
... more
0 votes 1 answer Share Flag
Mon Dec 5, 2016
wikiwild@gmail.com answered:
Don't believe all the hype. You would think WAMU is the biggest example of fraud in the history of mortgage loans so easy victory? Not when all the agencies are working to protect the banks. The banks get away with it.
The powers that be will make this nearly impossible as they have already hid the evidence that would be useful. Unless you live in a judicial state there is little you can do and don't plan on staying in your home long. The banks wont disclose anything that will help convict them whether required by law or not. They have well paid legal teams that are paid to win. They have won in cases of "Robo Signing" so really, snap out of it and start thinking about real solutions. Your lawyer is more greedy than clever.
Some lawyer/criminal that doesn't care about you will tell you there is a way to win. He will gladly take your money and you will lose unless you've done your homework.
The money he will charge you will get you little unless there is a case that has been won similar to yours.
If you lied on your refi or application for a mortgage loan, they will flip this on you and charge you with fraud.
The money he will charge you would buy you a home overseas, else you will pay and likely just delay the loss of your home.
I presented a lawyer with all the info on the pool of loans our mortgage was illegally securitized in and he said I cant use any of this. He was telling me in the kindest way possible that the banks are the courts.
Without great leverage I would seriously consider saving your money and moving overseas where you can start over as US credit reports mean nothing overseas.
I am sorry this may not be what you want to hear, but Ive been down this road with a WAMU loan. Set up powers of attorney with someone you trust before leaving the states. Bankruptcy buys you time, but doesn't solve your debt problem. Selling or walking away with a plan and somewhere to live cheaply does. Renting in the US is far better than owning but you can own overseas.
... more
1 vote 4 answers Share Flag
Wed Oct 26, 2016
Ben Strom answered:
There is still legal work that needs to be done by a title company or lawyer which can cost some money but is required for the change of title.

Other than that you can keep the profit as long as you have lived in the home for 2 of the last 5 years, if not you will have to pay taxes on the profit. ... more
0 votes 1 answer Share Flag
Sat Aug 6, 2016
Diomlynn asked:
This ability to be able to see the house next door, the block or if there was an empty lot . Why would the satellite photos be taken away???
0 votes 0 Answers Share Flag
Wed Jun 15, 2016
patrick.hanych asked:
Thu May 12, 2016
Blain11212 asked:
I will have a 30yr fix at about 3.78 %. The current taxes are about 17,000 Baldwin N.Y. Should I buy down as much points as I can along with Challenging the taxes?
0 votes 0 Answers Share Flag
Fri Aug 14, 2015
Kimberly Benson answered:
Hi Yvonne,

It's great that you know exactly what you're looking for. Realtors love that! But before you leap to step two, you must first of all complete the first stage - getting preapproved for a mortgage loan. That's where I come in and offer my expertise advise based on your unique situation and circumstances.

A preapproval letter accomplishes several things:
1. Informs the agent that you are a serious buyer
2. The agent will focus his search based on what you qualify for
3. Shows that you are qualified for and would likely be approved for the loan
4. Your offer will be taken seriously by the seller

Let's take the time to get you preapproved and out shopping for the right home you can afford!

Please contact me at 845.418.4153 for a free consultation and preapproval.

Kimberly
... more
0 votes 2 answers Share Flag
Fri Jun 26, 2015
wikiwild@gmail.com answered:
The powers that be will make this nearly impossible as they have already hid the evidence that would be useful. Unless you live in a judicial state there is little you can do and don't plan on staying in your home long.
Some lawyer/criminal that doesn't care about you will tell you there is a way to win. He will gladly take your money and you will lose unless you've done your homework.
The money he will charge you will get you little unless there is a case that has been won similar to yours.
If you lied on your refi or application for a mortgage loan, they will flip this on you and charge you with fraud.
The money he will charge you would buy you a home overseas, else you will pay and likely just delay the loss of your home.
I presented a lawyer with all the info on the pool of loans our mortgage was in and he said I cant use any of this. He was telling me in the kindest way possible that the banks are the courts.
Without leverage I would seriously consider saving your money and moving overseas where you can start over as US credit reports mean nothing overseas.
I am sorry this may not be what you want to hear, but Ive been down this road with a WAMU loan. Set up powers of attorney with someone you trust before leaving the states. Bankruptcy buys you time, but doesn't solve your debt problem. Selling or walking away with a plan and somewhere to live cheaply does. Renting is better than owning but you can own overseas.
... more
0 votes 1 answer Share Flag
Fri Jun 26, 2015
My NC Homes Team answered:
Until you have two years of documented experience as a "landlord" rental income will not be counted so unless you are financially able to qualify to carry both mortgages you can basically forget this idea. In all likelihood you'll need to sell your NYC property in order to qualify for another mortgage.

You're also doing yourself a disservice in terms of using FHA 5% down loans. I don't know whether your home in NYC has appreciated significantly since you purchased it but if you could put 10% or more down you're going to be able to get better mortgage terms on the next home you purchase.
... more
0 votes 1 answer Share Flag
Sun Mar 8, 2015
Tonya Riggs, ePro GRI, CRS, SRES, CNE answered:
The easiest way to build credit quickly is to take out a revolving account of credit, charge a few items monthly and pay the card off each month.
0 votes 1 answer Share Flag
Sun Mar 8, 2015
Jeannette Pabon answered:
Why I lived on the block ,it loud ,to many party's,neighbors all in your business ,I moved to schenck ,around the block ,much quieter
0 votes 2 answers Share Flag
Wed Jun 11, 2014
Anna M Brocco answered:
You really should be working with an agent of your own who can provide such information and more; or simply call any local agent/realty office and ask for comps...
0 votes 1 answer Share Flag
Mon Nov 18, 2013
unkhkhih answered:
I'm not sure why you are not getting a response. Feel Free to contact me if you need too. I’m an agent working for ReMax NYC Midtown and I’m always doing my research on property and stay in touch with the best professionals. If you simply need advice please email me at KDrake@remaxnyc.com. I’ve also provided links below regarding any concerns you may have.

Finance Advice:
http://www.fpanet.org/LifeGoals/BuyingaHome/

Bank Expertise:
David.Axelrod@bankofAmerica.com

Appraisal Expertise:
VladSurs@gmail.com

Legal Advice:
http://www.lawhelpmn.org/issues/housing/buying-and-owning-a-…

Advice for Buyers:
http://portal.hud.gov/hudportal/HUD?src=/topics/buying_a_home

Advice for Sellers:
http://www.realestateabc.com/homeselling/

Tax Concerns:
http://www.tax.ny.gov/pit/property/
... more
0 votes 5 answers Share Flag
Sun Nov 10, 2013
Anna M Brocco answered:
You really should be consulting with an attorney who specializes in real estate, he/she can better advise....
0 votes 2 answers Share Flag
Mon Sep 30, 2013
Luis Sanchez answered:
Hi, Tomrus I am a realtor agent but I would like to learn more information about your investor teams. As sometimes I get some good deals for investment but I would like to know what is for me on commission basis as I am new working with Investors! You could send more info via my email dominican.agent@gmail.com Lou ... more
0 votes 4 answers Share Flag
Fri Sep 13, 2013
Jonathan Robert answered:
I have many properties not on the mls that are by owner or from the bank.
Please give me a call and let me find out more exactly what will fit your needs.
Please feel free to call me anytime 207 632 2110 ... more
0 votes 3 answers Share Flag
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