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11226 : Real Estate Advice

  • All39
  • Local Info2
  • Home Buying19
  • Home Selling0
  • Market Conditions3

Activity 31
Sat Jul 22, 2017
Kathy Burgreen answered:
Who did you request a viewing with? Did you speak to somebody on the phone or did you just fill out a Contact form on this website and click "Submit"? If you contacted somebody on the phone - was that person a real estate agent? A landlord? Did they give you an exact date and time to see this rental?

If you filled out a Contact form on this website or a different website and clicked "Submit" - then you need to wait for somebody to contact you - email, phone, etc. At that point, the person who contacts you will set up a specific date and time for you to see the rental.

In NYC, rentals can be gone in 5 minutes or it may be available for a week. It depends on location and condition. Your best method is to find a real estate agent who can schedule appointments and show you rentals.
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Mon May 23, 2016
catana yehudah asked:
Mon May 23, 2016
catana yehudah asked:
Fri Jul 4, 2014
Maxwell Stainback answered:

I am very familiar with properties in that area. If you would like to contact me with some more details as to the nature of your comparative search I would be glad to work with you.

Best Regards,
Maxwell Stainback
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0 votes 2 answers Share Flag
Wed May 28, 2014
Mark D asked:
Thu May 22, 2014
You don't have to wait.....

We have a portfolio "2nd Chance" loan that allows you to buy again just one day after Short-Sale or Foreclosure. You can only have one on your credit and you will need a 20% down-payment and 660 mid FICO score. Late payments acceptable.

This loan is available in - AZ, CA, CO, DC, FL, HI, IL, MD, MT, NV, NJ, NY, NC, OR, SC, VA, and WA . Loan amounts up to $4 million +

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0 votes 19 answers Share Flag
Mon Mar 3, 2014
Sounds like you are discovering the answer yourself, it is one as long as you get a good one.

Good luck,

Jim Simms
NMLS # 6395
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. This answer is my personal opinion, has not been reviewed or approved by the company I work for. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.
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0 votes 8 answers Share Flag
Thu Oct 3, 2013
Karis Erica answered:
Wed Aug 21, 2013
Michael Denniston answered:
Hi Caroline, I can't speak for Wells Fargo, but I've never had a client denied based on an appraisal that came in at or above the purchase price on the contract. The rules on appraisal values for purchases are straightforward: the property must appraise at or above the purchase price (including the sellers concession, if any) in order for the lender to have sufficient collateral for the proposed mortgage.

In fact, the appraisal is not "short" or "low" unless it comes in below the contract price.. And then I normally say " congratulations" to my client because most contracts allows the buyer to go back to the seller and ask them to reduce the purchase price to reflect the actual appraised value. Of course, the seller can say " no." in which case the buyer can opt to make up the difference or walk away from the deal and get their deposit refunded.

You are entitled to receive a copy of your appraisal irrespective of the value along with a Declination Letter stating the exact reason for your denial. Where's your banker and attorney in all this? Are they MIA. There should be no reason for you to seek answers from the Trulia community on this issue when those two professionals are supposed to guide you through the mortgage process from preapproval to closing. Hold them accountable!

Should you require a second opinion on your purchase, please feel free to contact me directly at 917.699.0183 or via email at

I value your feedback, please hit the thumbs up button if my answer was helpful. All the best.

Michael Denniston
Senior Mortgage Loan Originator
NMLS License #24076
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0 votes 8 answers Share Flag
Wed Aug 14, 2013
David answered:
Looks like the answer below is looking for brownie points answering a question more than 2 years old. Trying to get a VIP badge Joyce?
0 votes 14 answers Share Flag
Tue Aug 13, 2013
Joycelewis412 answered:
There are owners who have had a foreclosure or short sale years ago who just got approved to buy a new home. Nowadays, many lenders have flexible loan programs that you can take advantage of. Visit an expert in your area to see if you qualify. You can also search online.

Check if you qualify for mortgage. Try
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0 votes 2 answers Share Flag
Thu Jul 18, 2013
Rhonda Holt answered:
Hello, by law the bank must select their own appraiser and use that particular report. You are free to do what you like but it will not be used. The reason for this is to make sure the appraiser is working in the best interest of the bank to make sure the price you are paying for the property is valid before they lend you the money and no one is influencing the appraiser. ... more
0 votes 5 answers Share Flag
Thu Jul 18, 2013
Jennifer Fivelsdal answered:
It will match only sometimes. Most time it is higher are lower.

During the economic downturn it was not uncommon for an appraisal to be less that what the buyer and seller agreed to. If this was the case the buyer would have to make up the difference, walk away or re-negotiate with the seller., ... more
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Wed Mar 27, 2013
Milton Monserrate answered:
Hello Smoothcanela9508
Let me help you find your next new place. I have access to over four thousand apartments in every Borough, neighborhood in every price range. Please call me 718-877-9350

Rapid Realty
958 Lafayette Avenue
Brooklyn, NY 11221
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0 votes 3 answers Share Flag
Fri Feb 15, 2013
Abu Musa answered:
You may talk to a local real estate agent to buy real esatate. Your agent will guide you to success.
1 vote 8 answers Share Flag
Wed Oct 3, 2012
Abu Musa answered:
You may visit Also you mat talk to the local police station.
0 votes 5 answers Share Flag
Thu Aug 23, 2012
Coldwell Banker Shayovitz Realty answered:
i'm the Chairman of Approved Funding, a Mortgage Banker. Give me a call. 718-339-8800 -ext 242
0 votes 11 answers Share Flag
Mon Aug 6, 2012
Henry Bobker answered:
i have a listing on flatbush av store front + 2 apts above
bldg is 20x60 and property is 20x100
full basement and nice backyard
the property is FOR LEASE 5 yr term
if interested call
718-633-6701 for viewing and other info
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0 votes 4 answers Share Flag
Fri Jul 27, 2012
Robert Tracey answered:

Thank you for your inquiry. I can definitely assist you in this matter. You can contact me at 718-376-4994 or

Robert Tracey
0 votes 4 answers Share Flag
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