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15613 : Real Estate Advice

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  • Home Buying3
  • Home Selling0
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Activity 3
Sun Nov 4, 2012
Sally Grenier answered:
What is your question specifically? If you're thinking of buying, you really need to work with a Realtor. He/she can help you determine fair market value. Good luck!
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Fri Feb 18, 2011
Beth Masland answered:
Hi Erin,

Yes, I know it seems goofy but that is the way it is. The bank you are dealing with has indicated that they would like to accept your offer, but they also have to check with the company which provided the insurance (pmi) on the loan to the origonal owner. That pmi guaranteed the bank some level of protection against the situation in which they are now faced - that is taking an offer that will not pay off all the debt and accrued interest and fees on the property. The insurance (pmi) company also has a say in the acceptance of a contract and its terms since they also have a financial interest/obligation in this property.

Does this help your understanding at all? (The last one of these I did it took the pmi company about 2+ weeks to give us an answer.) Good luck to you - sounds like you are 3/4 of the way to a new home!

Take care,

Beth
... more
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Sun Sep 12, 2010
Dan Chase answered:
Pay the overdue taxes. That will stop everything. Talk to someone at city hall and get this done quickly.
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