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22801 : Real Estate Advice

  • All11
  • Local Info1
  • Home Buying5
  • Home Selling0
  • Market Conditions0

Activity 8
Fri Mar 25, 2016
Haley Meade asked:
We both work two jobs and are extremely responsible. We do not want to live in any student apartment complexes because we both live a very mature lifestyle. Someone please help us find what…
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Sun Mar 13, 2016
Amelia Robinette answered:
Not totally clear here, the seller is in a bind and is asking you for .25%? or is your lender/credit union requiring an additional .25% to extend your rate lock?

Rate lock extension fees are common and your lock period is usually based on the closing date in your contract. If the seller cannot fulfill the terms of the contract, you should ask the seller to pay the amount it costs you.

Hopefully you have an agent who should be able to walk you through how to request the closing date extension and how to negotiate the seller paying the fee.
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Sat Aug 1, 2015
Tracy Ritchie Walsh answered:
Contact Priority Property Management - Roy Brooks 540-578-4974, that's our sister company and they specialize in rentals. Best of luck to you!
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Tue Jun 17, 2014
Melinda Gorog answered:
I don't see why not. I am not sure what rent is like where you are, so it is hard to say. If you are worried about not making enough maybe you can look into studios or low income housing. Of course other factors can come into play like your credit history. This is definitely something for someone in your neck of the woods to answer ;) ... more
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Sat May 18, 2013
Yvonne Proctor answered:
If the house was listed a year ago at a higher price, and is now on the market for a lower price, that is telling me that the seller's want to sell, but may have a set price they have to sell for. If you feel as though you're paying too much for the house, then move on to the next house. If the house is really what you want for your home, the 4% price reduction from the listing price doesn't sound that bad. ... more
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Mon May 13, 2013
Bonnie Carter answered:
There may be a problem with the deed in lieu. In which case they would be unable to record it until the issue is resolved. Gentle pressure may work but there is really no way to force them to speed up the recording that I am aware of. How many days are you past the closing date on your purchase contract? ... more
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Fri Jul 13, 2012
Steelerfans answered:
You could contact an attorney and sue for damages or possibly get a court order forcing Chase to file the deed. But my suggestion would be to terminate the contract and find another property that isn't an REO property or a short sale or any title issues.
We waited 10 weeks and Citimortgage never recorded the deed in lieu of foreclosure. The HOA had a lien for past due fees which Citimortgage never paid and wouldn't tell us when they would get them paid. We moved on and found something else. As far as I know it still isn't recorded, so you could be under contract for another 4 months or who knows how long if you keep waiting.
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Wed Feb 29, 2012
Lisa Hensley answered:
I checked with the listing agent. The situation does not allow for a rental. Are you looking to rent instead of purchasing. I can help you with that also.
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