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11757 : Real Estate Advice

  • All20
  • Local Info2
  • Home Buying8
  • Home Selling1
  • Market Conditions0

Activity 16
Thu Aug 24, 2017
Raymondhmackes1942 answered:
How do I cancel 1549 Creekside Road Whitehall pa . Apartment has been rented
0 votes 3 answers Share Flag
Fri Nov 4, 2016
Kevinc1136 asked:
Mon Nov 2, 2015
Debra (Debbie) Rose answered:
Verify by making sure you're speaking with the legitimate landlord!

If you've seen a rental on trulia, or any other site, and the price seems almost too good to be true..more than likely it isn't true, and it's a SCAM!!!

If the supposed landlord says he or she can't show you the house in person (or simply that you can't see it in person) RUN in the opposite's a scam! Many scammers have creative stories as to why they cannot show you the home (many say they are "out of state" or even go so far as to claim they are missionsaries!!)

Finally, if anyone ever asks you to WIRE MONEY for the's definitely a scam - do NOT do that!!

To really verify a rental - speak to a local agent!!!!
... more
0 votes 1 answer Share Flag
Mon Oct 20, 2014
Oleg Volfman answered:
Hello Salvatore.

The property is not back on the market. I do not see it on MLS.
1 vote 1 answer Share Flag
Sun Aug 25, 2013
Anna M Brocco answered:
Check or consider working with an agent; check local print media for by owner rentals, always verify ownership before exchanging any money; word of mouth, etc.
0 votes 2 answers Share Flag
Fri Jul 12, 2013
William Cherno answered:
Sat Feb 2, 2013
Laura Sheedy answered:
I am not an attorney ..but please be careful with bank owned...especially if they have foreclosed illegally and the person who was foreclosed on decides to challenge the foreclosure...after you purchased it...If you plan to do work to it...see if your title insurance will include the total amount of money you will be putting into it~laura ... more
0 votes 4 answers Share Flag
Sun Jul 22, 2012
De Vonte Williamson answered:
A survey would probably be your best bet.

Hope this answers your question.

De Vonte Williamson
Licensed Real Estate Salesperson
Coldwell Banker Residential
36 RT 25A
East Setauket, NY 11733
Mobile: (631)384-3695
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0 votes 6 answers Share Flag
Sat Aug 20, 2011
Javier Meneses answered:
Elaine, the answer to that is YES!
You are not committed to continue with any mortgage company. But as mentioned below, you should meet with your loan officer and try to figure out exactly what it is that's going on. You could very well be walking away from a loan that's about to close with good terms and rate, or you could find out that you're better off starting over with a new lender. If this is a purchase transaction, speak to your attorney and Realtor and get some advice from them. If you have any questions, feel free to contact me for answers!

Javier Meneses
Senior Loan Officer
Sterling National Bank
310 Crossways Park Drive
Woodbury, NY 11797
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0 votes 5 answers Share Flag
Wed Dec 30, 2009
Gail Gladstone answered:
The answer to your question, Elaine, is that after 2 years, each owner of the property is entitled to profit by $250,000 upon sale.

The really good news is save all of your receipts for work on the deduct all improvements from the profit first.

So, if you paid $200,000 and improved the house $100,000, you could sell it for $550,000 without paying any additional taxes.
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0 votes 5 answers Share Flag
Fri Sep 25, 2009
Georgia Westcott answered:
The minimum requirement for an FHA loan is 3.5% down payment of your purchase. On top of that you can qualify for a sellers concession towards your closing fees which may make this seem like 100% financing. There are 3 challenges to this scenario. If you can overcome those yo are on your way to home ownership!
1. You must have cash to put down at contract ( even if you are getting this back at closing)
2. This loan is based on worthy credit and income qualifications.
3. You find a seller willing to accept your offer and allow the sellers concession on the contract.

An important component to the success of this endeavor is to surround yourself with a great team. Choose to work with a realtor and mortgage person that are proficient in these loans and working with buyers such as yourself. This will make your outcome much more successful!
Good Luck! Let us know how you do!

Georgia Westcott
The Westcott Group Real Estate Company
17 Deer Park Avenue
Babylon NY 11702
... more
0 votes 17 answers Share Flag
Fri Sep 25, 2009
Georgia Westcott answered:
Yes. The reason the bank you are getting your mortgage from requires this up front tax payment is to ensure that they have enough money to keep your property taxes current should you default on your payments. This up front tax payment as well as your first year home owners insurance is known as your escrow.

Georgia Westcott
The Westcott Group Real Estate Company
17 Deer Park Ave
Babylon NY 11702
... more
0 votes 7 answers Share Flag
Fri Jul 3, 2009
Anna M Brocco answered:
What is your Realtor advising you to do; but most of all what is attorney saying to you--keep in mind until money is exchanged and contracts are signed you have no obligation.

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0 votes 3 answers Share Flag
Sat Jun 21, 2008
Phyllis Lerner answered:
As everyone stated before... it pretty much does not affect you... just make sure you understand who owns and services your mortgage... and to whom to send your monthly payment to... you do not want to miss a payment by accident...

Phyllis Lerner
Associate Broker
Legends Realty Group
... more
0 votes 10 answers Share Flag
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