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19138 : Real Estate Advice

  • All24
  • Local Info1
  • Home Buying5
  • Home Selling7
  • Market Conditions0

Activity 20
Tue Feb 28, 2017
Tina asked:
i AM INTERESTED IN A PROPERTY, THE REALTOR STATED THAT ONLY 10% IS NEEDED AS A DOWN PAYMENT AND SELLER FINANCING IS AVAILABLE WITH NO CREDIT CHECK..
0 votes 0 Answers Share Flag
Fri Feb 17, 2017
Amy Boulden asked:
I plan to try and sell within the next three years and now am in the process of updating rooms in the house.
0 votes 0 Answers Share Flag
Tue Oct 11, 2016
Cpecker answered:
Why don't you notify your local law enforcement? That is the optimal solution and will ensure a quicker response than posting here.
0 votes 1 answer Share Flag
Sun Aug 30, 2015
Beth Michaels answered:
VA MORTGAGE ADVANTAGES INCLUDE:

Minimum 550 Credit Score!
Seller Paid Cloing Cost up to 4%
Insured by the Veterans Administration
Seller paid closing cost up to 4% of the sale price
100% Financing - No Monthly mortgage insurance.
VA mortgage Amounts to $417,000
Jumbo VA loans to $700,000
VA Streamlined Refinance Available
Funding Fee can be Financed
Competitive Rates
Easier Qualifying No Credit Score VA Mortgages OK
http://www.florida-mortgage-lenders.com/va-mortgage-florida-cities/1206-miami-florida-va-mortgage-lenders.html#
... more
0 votes 7 answers Share Flag
Fri Feb 27, 2015
Mike McCann answered:
We would love to help you find a home in the area. Feel free to contact me as well.

Mike McCann
Berkshire Hathaway HomeServices, Fox & Roach REALTORS®
Mike McCann, “The Real Estate Man”
Direct: 215.440.8345
Office: 215.627.6005
Cell: 215.778.0901
mccann@mccannteam.com
www.mccannteam.com
... more
0 votes 4 answers Share Flag
Tue Feb 18, 2014
Itsawg asked:
Tue Jan 14, 2014
Itsawg answered:
I really don't feel like going through the long process of buying a house right now so at this time I'm looking for a two bedroom house or apartment for rent in the west oak lane or olney section of phila pa ... more
0 votes 13 answers Share Flag
Wed Jan 8, 2014
Terrell Bruce answered:
Hey to keep it simple a 580 is the minimum credit score. Keep in mind though you also need a lower debt to credit ratio as well as funds to purchase the home. Let me know if you have any other questions. ... more
0 votes 3 answers Share Flag
Mon Jan 6, 2014
Philip J. Cunningham Sr answered:
Please call me at 267-934-1971 so we may speak in person

Philip J. Cunningham Sr.
Market Force Realty
801 W. Street Rd
Feasterville, PA 19153
866-993-8585
267-934-1971
PhilCunningham2004@yahoo.com ... more
0 votes 3 answers Share Flag
Sat Jan 4, 2014
Community Mortgage Officer answered:
I'm a Community Mortgage Officer and I work with first time ....this is what we have for first time homebuyers:

* Home Run Mortgage - 3% down payment / Conventional mortgage / no MI

* Closing Close Asst Grant - up to $3,000

The above grant can be used with our Home Run Mortgage, FHA, PHFA or VA mortgage.

Let's get this started.....contact me
... more
0 votes 3 answers Share Flag
Mon Jul 29, 2013
Christopher Jordahl answered:
Hi Keith

It could depend on if your offer was contingent on a home inspection. I have recently had a Freddie/Homepath sale for my buyer and they were pretty easy about lowering the price after home inspection. ... more
0 votes 3 answers Share Flag
Sat Jul 27, 2013
Dirk Parker answered:
It actually depends on the desired outcome both in purchasing your new home and leveraging your current home. It is usually easier to find you new home than to sell your current home for a few reasons. I just completed a purchase with a family that are now selling. I also have another client selling first then purchasing. It depends on your goal both long and short term. I have a blog that gives good info. On both buying and selling. I would be glad to answer any questions for you and your family on this important matter for you both.
Dirk

Dirk Parker M.ED, Realtor, ePro
Prudential Fox and Roach Jenkintown
Www.dirktherealtor.com (blog)
Www.dirkparker.prufoxroach.com (web)
215-908-9390
"Helping individuals and families realize their Real Estate goals, one house at a time"
... more
0 votes 6 answers Share Flag
Fri Mar 29, 2013
Sheri Curci answered:
Good Question.... I know a lot of husbands that would like to sell their homes to their wives..... all I know is a dollar deed ...but then your stuck with the balance.

This is either an attorney question or a good line for a W C Fields statement....

All the best, John Curci
... more
0 votes 3 answers Share Flag
Tue Jan 31, 2012
Riteshseth answered:
On the similar lines can we sell it to spouse for realizing the tax loss without losing the property by sale? E,g, If we are joint owner right now and then she become a sole owner as buyer (assuming 20% down and she qualifies for financing). ... more
0 votes 6 answers Share Flag
Mon Feb 1, 2010
Robin Silverberg answered:
Your wife would not qualify for the credit because no family sales qualify. Also, if you are behind on your mortgage, or you are in foreclosure, she cannot take over the loan because that would be considered a foreclosure bail-out. There is no way that you can get around this because I am sure that some document of hers has the address on it, so you would not even want to try to do something as fraudulent as cheating the system like this. If you can't refinance because you don't show enough income, and you need her income to qualify, she can be a co-borrower on the loan with you. ... more
0 votes 4 answers Share Flag
Thu Jan 28, 2010
Erica Ramus, MRE answered:
Sure! If you want to sell it to her and she wants to buy it, that should be no problem. Hire an attorney or a real estate agent to draw up the paperwork for you.
0 votes 3 answers Share Flag
Mon Jan 25, 2010
Maura Mcdonnell answered:
Yes, you can. It is an easy process. There are some additional questions I would have but it is typically a tad easier that a purchase from someone outside ytour family. Call me at 610-291-1460 and I can walk you through the steps.

Maura McDonnell
... more
0 votes 5 answers Share Flag
Thu Oct 25, 2007
Donna Saylor & Carolyn Mitchell The Power of TWO! answered:
In PA the terms of the lease continue when ownership transfers. So if the tenant has 6 months left before their lease is up, a new landlord cannot come in and change those terms without the consent of the tenant. If the tenant is on a month to month arrangement there is a lot more flexibility to do what needs to be done. Will the house show better with or without them? Many investors would prefer to purchase a property with a good tenant already in place but if there is a history of late payments or the home looks like a pack rats den it could be a hard sell.

Talk to your tenant ahead of any action so they have no fear of what is happening. After all, it is your rental property but it's their home.
... more
1 vote 6 answers Share Flag
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