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Home Buying in 11221 : Real Estate Advice

  • All29
  • Local Info1
  • Home Buying15
  • Home Selling2
  • Market Conditions1

Activity 8
Thu Nov 3, 2016
Gjannini answered:
0 votes 11 answers Share Flag
Fri May 29, 2015
Kelly Pessis answered:
Your contract is most likely written that once approved you have a certain amount of time to perform inspections. You might never get to that point so save your time and money and wait until you have WRITTEN bank approval in hand. ... more
0 votes 12 answers Share Flag
Fri May 29, 2015
Kelly Pessis answered:
No, not unless it is some sort of government program. I do suggest that you join an apartment owners association in your town. They usually offer advise, documents and legal questions. I belong to the AOA, but that is specific to my area... you will want one versed on your specific areas rent stabilization laws (if any), state laws, etc.

I am a realtor with 15 rental properties in three counties and I can tell you, keeping all of the ever changing rules straight is tough. Having an assistance "hotline" such as provided with a rental organization, has helped tremendously!

The final word of advise: screen your tenants well! Check references inside and out and know that people make up rental histories, employment and everything under the sun. Do your homework, maintain control over your property (rather than give it to management company if it is small enough) and learn to trust your instincts. Most of all, buy more - it is a great retirement plan!

Best of luck and i you found this useful, I would appreciate a vote for "most helpful"
... more
0 votes 5 answers Share Flag
Fri May 29, 2015
Toni Licciardelli answered:
The liens on the property exceed the market value of it, and the bank (usually primary lien holder) basically agrees to release their claim for an amount 'short' of what is owed to them. ... more
0 votes 3 answers Share Flag
Wed Nov 6, 2013
lendersnetwork answered:
FHA allows lenders to go down to a 580 credit score for home loans. Most lenders do not and they require a minimum score of 620, we work with a lot of people with scores below 600. Check out our site or shoot me an email I would love to help you out. ... more
2 votes 6 answers Share Flag
Wed Oct 30, 2013
Mitchell Feldman answered:
Dear Car:

Without seeing a copy of your contract and/or having more details, there is no way to tell. If it is simple estate, it can take 30 to 60 days. If there are issues that need to be worked out with regard to the estate it can take years. You need to speak to your attorney.

If I can be of further assistance, contact me direct. Good luck!

Mitchell S. Feldman
Associate Broker/ Director of Sales/ e-Pro Realtor
Fillmore Real Estate
Office: (718) 252-2000/ Cell: (917) 805-0783
... more
0 votes 3 answers Share Flag
Sun Jan 6, 2013
Alicia Lopez answered:
I have a 2 family house for sale in Canarsie in SUPER excellent condition. But if you only want BS then let me know whats your price range?
0 votes 6 answers Share Flag
Sun Jan 6, 2013
Claudia Williams answered:
You've made the best decision to buy in Bed-Stuy. Please give me a call to discuss your specific needs, I'm sure we can find something to your liking. (347-850-2799.
0 votes 4 answers Share Flag
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