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15211 : Real Estate Advice

  • All8
  • Local Info0
  • Home Buying4
  • Home Selling2
  • Market Conditions1

Activity 7
Thu May 25, 2017
Hello, I'm a mortgage professional.

I don't know the specifics of their loan but there is a way to raise the rate slightly and give them a lender credit that they can use towards closing costs.

Also depending on what the home appraised for there may be a way to raise the sales price and give the buyers a sellers concession.

Like I said I don't know all the details but I can see if I can help with financing and structuring this to work if I had all the details.

You are welcome to get in touch with me if you have any questions or the buyers would like help with this.
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0 votes 1 answer Share Flag
Fri Mar 20, 2015
Kim Carnagey answered:
I have found allowing pets always helps with speed on my rentals, so I would think it would help with townhouse coop sales.
0 votes 1 answer Share Flag
Thu Oct 3, 2013
Randall Yates answered:
Don't do it.. Rent to own can often end in the landlord defaulting on the loan and the home going into foreclosure. You are now out your $23,000 and must vacate the property.. You can go after the landlord in court but good luck recovering your money, there is a reason they defaulted, they have no money. I have Lenders that work with low credit scores even under a 600. Try buying the home you have the down payment.. ... more
2 votes 4 answers Share Flag
Thu Sep 27, 2012
Winstonj250 answered:
can buy a home in the brooklyn, queens area with only 10000 dollars down?
0 votes 6 answers Share Flag
Sun Jan 16, 2011
Kevin Olson, Jessica Laude answered:
Check with a few lenders to find out the best path for you. All of the factors and variables can be brought to light once you are communicating with a lender. There is no way to know for certain what options you have until you take this step. It can be as simple as a phone call to get things rolling, and if 1 lener cannot help you they may know someone who can or at least offer sound advice. ... more
1 vote 3 answers Share Flag
Thu Mar 18, 2010
Dustin Nulf answered:
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