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12589 : Real Estate Advice

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  • Home Buying4
  • Home Selling0
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Activity 8
Mon Apr 14, 2014
rdviv asked:
Hello, I have been relocated to the NYC area for a job and i am having a really hard time finding a place to live. I make a good wage and will be here for at least two years, but due to…
0 votes 0 Answers Share Flag
Sat Mar 8, 2014
Al Rodenburg answered:
We can help you with 203k (regular and streamline) rehab loans - as well as HomePath renovation and FNMA HomeStyle renovation loans.
- Al Rodenburg, Sr. Loan Officer - NMLS# 272775 (281) 236-5743 al.rodenburg@flagstar.com ... more
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Tue Feb 4, 2014
Brandon Leibowitz answered:
Has anyone tried Prospect Mortgage since all the bad rap on BOA keeps appearing. I tried Prospect last year and was pleased at the ease of the process. I thought it would be a loooong drawn out process but it was completed within a few weeks; not months! ... more
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Fri Aug 3, 2012
Marc White answered:
Short Sales are very difficult to "figure out". With all the problems in the banker industry, these have taken the brunt of the blows. There is no rhyme or reason to the time it takes to close one...I had one close in less than 30 days, another that took almost a year. (Maybe the government can bail them out again). ... more
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Fri Aug 3, 2012
Mack McCoy answered:
Oh, right. Thanks, Debbie.

Actually, I don't really care that "consumers" "hate" "cheerleading." Rah Rah Rah!

Real estate speculators have always made their money buying low and selling high; the trick is, knowing when low is low enough. And you only know that for certain after the fact.

But homeowners should have another set of concerns, mainly - how do they want to live? And there's no single right answer for everybody, not even a general set of guidelines.

If homeownership is your desire and your situation allows, most of the time, that's when you'll buy. Sometimes, you won't. Life goes on either way.

One secret to success in real estate sales is to focus on the people who actively want to buy and sell, and leave the rest for another day.
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1 vote 14 answers Share Flag
Wed Feb 10, 2010
Voices Member answered:
If you were sick would you go see a doctor for professional advice? If you needed legal advice would you seek an attorney? If you are buying or selling a home why wouldn't you seek out a professional experienced in that field?

As a buyer you would want to seek out a buyer's agent who is versed in representing buyers.Having your best interests as a client, that agent will not be representing a seller and will negotiate on your behalf, just as an attorney would do.

Yes a buyer's agent may ask you to pay a fee to locate your home if the circumstances were that no compensation was being offered from a cooperating broker or a seller. No one can work for free unless they are independently wealthy.

In the event the cooperating broker was offering a compensation to the buyer's agent chances are the agent would accept the fee and not change you. That's a question you'll need to ask your buyer's agent because everything in life is negotiable except death.
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Tue Dec 8, 2009
answered:
I'm in GA, so excuse me for not knowing if you are an attorney or title company state. Either way, contact the title/closing attorney. They are the ones who helped establish the escrow for you home. If they can't help (which is common - no offense), you will need to find someone who handles the escrow department at bank of america...hold on while I find you something...ok. Call (866) 921-4764. this is the bank of america 203K loan support group. I called it myself and asked the nice lady if they were operational (they had some issues back in Sept). Below is the link to another Trulia question of the same (so, I'm no genius) with 105 responses. It has some good info in it to know what to expect and do before making the call. ... more
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Tue Nov 24, 2009
Deborah Camacho answered:
Dear Nicol,

The most important thing you need to understand about the draws it that THEY TAKE TIME...realistically about 4-6 weeks. You must plan ahead for this and try not to split the draws into small increments. It is a great deal of work for everyone involved and the last thing you want is the pressure of a contractor waiting for a small amount of money and holding up the work. We always advise to break it up into large enough increments to keep the job moving, but of course this depends on the scope of the work which is different on every loan. Good luck, I hope your home turns out to be all that you hope for.

Best Regards,

Deborah Camacho
Mid-Island Mortgage Corp.
... more
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