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30034 : Real Estate Advice

  • All32
  • Local Info7
  • Home Buying10
  • Home Selling2
  • Market Conditions1

Activity 25
Thu Oct 13, 2016
answered:
Tue Sep 22, 2015
Diane Christner answered:
Do you know how much the HOA charges for the estoppel letter? You may have to pay for it yourself in order to move forward. By the way, HOAs often tack on legal fees and late charges once a homeowner becomes delinquent on their payments. The amount now due may be higher, perhaps substantially higher, than just the one year of missed payments. ... more
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Sun Jun 28, 2015
hayatturnuwr asked:
Sun Apr 26, 2015
Rick Baker answered:
You might want to check with us at Coldwell Banker. As part of the largest Real Estate firm in the world we can do things that others can not. We are unique in that we are the only brokerage that funds our own mortgages AND then never sell the mortgage later. So we can write our own rules!!
If you wish please give me a call and I can direct you to a local Coldwell Banker office that will give you an HONEST no-cost and no obligation assessment.

I am with Coldwell Banker Dallas but if you wish to talk to one of the great mortgage people at Coldwell Banker in your area please call me. We maintain a list of the top people in each market since Coldwell Banker does so many cross country relocations. Since it has Coldwell Banker's name on it you can be sure it is going to be honest and straight forward. Every situation is different but Coldwell Banker Home Loans has approved people much sooner than other lenders because again we are writing the rules for ourselves.

My number is 972-836-8880
MetroDallasRealtor.com
... more
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Wed Mar 25, 2015
Cathy Smith answered:
If they are advertising on Trulia, you can flag the listings and Trulia will look into it.
0 votes 1 answer Share Flag
Tue Feb 4, 2014
Lifeoflove2013 answered:
I have a property for rent in this area. I will rent it for 1100 and 1000 SD. In is 2200 square ft. contact me at lifeoflove2013@gmail.com.
0 votes 4 answers Share Flag
Wed Nov 13, 2013
Arkla answered:
Hello, I sold a home in the community early this summer, one of my investments. as i remember,.there is no HOA involvement . Please don't send any $$$ to anyone unless they can provide you a set of bylaws and or covenants for the association. ... more
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Tue Oct 29, 2013
Lee Taylor answered:
Good answer from Phil.

When you move, are you seeking to lease or to buy?

In the southern Decatur lease market, no more than 30 days.

In the southern Decatur purchase market, no more than 60 days.

I don't see my advice changing any time soon.
... more
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Mon Jul 1, 2013
kessa.a.walker answered:
Sorry to say , but there is no bus near this address. There is no bus that goes down Flakes Mill or Near Flatshoals Parkway.
0 votes 2 answers Share Flag
Wed Dec 5, 2012
Locke Haman answered:
It may not be. Short sales can be very complicated, so you want an experieced professional working for you. If you're working with a good attorney with experience handling short sales, you probably don't need a Realtor. ... more
0 votes 10 answers Share Flag
Mon Oct 29, 2012
Sherrie Crow answered:
Sounds like a money pit to me! Also, it will be hard if not impossible to get a loan for a house that is not in livable condition.
I'd keep looking.... and make sure to apply with a good loan officer who can pre-qualify you for a loan. Finally, your question is the kind of question that your agent should be able to answer for you. You need a buyer's agent if you don't have one. ... more
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Sun Jul 8, 2012
Olga answered:
Shelia, not necessarily. There are programs that will allow you, legally, to acquire homes and it is not based on your credit score. Please call me so we can discuss this. (678) 925-1216 ... more
0 votes 5 answers Share Flag
Wed Jul 4, 2012
answered:
All loan programs today require a verified continuous 24 month employment history in the same line of work. There are only a very few of exceptions to that rule. Those exceptions are as follows:

1. If you are a recent college graduate, you can use your time spent in college to make up part up the 24 month history. A copy of your college transcripts will be required.
2. If, within the last 24 months, you have had a 6+ month gap in employment, then you must be employed at least 6 months since that gap ended.
3. For someone with a longer break in history, the same 6 month rule is followed.

You indicated that you are a contractor. If you are paid by a 1099 rather than a W-2, then you will need a full 12-24 month history of receiving 1099 income. Less than 12 months on 1099 income cannot be considered stable qualifying income.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing
... more
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Wed Jun 20, 2012
answered:
If you are referring to collection accounts paying them off in full will raise your score quickly, initially it may cause your scores to decline but in about a month they will start to increase.

If you are talking about collections start with the smallest ones and out of those the ones that are reporting most frequently. A $20 collection that is updating every month will cost more points than a $1,000 one that hasn’t updated in 2 years.

Get something in writing from the creditor stating how much is required to pay it in full and also that they will report it to the credit bureau once it is paid. Then send your check with a copy of the letter, keeping the original letter for your file.

If you are talking about late payments on revolving accounts paying them off in full may actually hurt your scores if the account has a long history. Hope this helps, good luck,

Jim Simms
NMLS # 6395
JSimms@cmcloans.com
Financing Kentucky One Home at a Time
... more
0 votes 2 answers Share Flag
Tue Jun 19, 2012
answered:
Paying off delinquent debt is the first step. That unto itself will not make your credit score jump though. The fact that the bad debt was ever there will stick with you for at least 7-10 years. The more time that elapses since the debt was last reported as late, the better. That will help gradually increase your credit score.

GEnerally, you should have 2-3 trade line with current ongoing activity and no late late payments/derogatory items in the last 12-24 months.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing
... more
0 votes 2 answers Share Flag
Wed May 30, 2012
Tim Moore answered:
Actually many banks service a loan for other banks so just because the one you make payments to is not always the one that has the loan on the house. Most owners know this because every now and then they have to send payments to different places though out the life of the mortgage. County deeds will have the new owner when the new deed is recorded. ... more
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Fri May 25, 2012
Just Two Hands answered:
Hello Latonya I don't know if you got your answer but you can go to your local banks for foreclosure web site and get in touch with the property agent and they can let you know if they have someone if they do try to get there number to do sub contract work from them other then that you have to keep asking question from different contractors. Hey lets stay in touch since we are in the same boat and so close in the area. ... more
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Wed Apr 11, 2012
Priscilla Hammond answered:
I agree with Lee, ask your Realtor questions regarding your sales contract & home buying process and ask your Loan Officer questions regarding processing the loan. You'll get the most efficient answers both ways. ... more
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Thu Aug 18, 2011
answered:
Your wait is not on Fannie Mae, but rather on the recording of the Deed at the County level. One month to 6 weeks is normal to wait for your Deed to come back. The Owners Title policy should have been given to you at closing in the package of documents they sent you home with. Call the closing attorney about that if you dd not receive it. If you did not buy Owners Title, then the lenders title was already issued to the lender, and you will not even see that policy.

Your closing attorney is your link to all these questions.

Lori Beardslee, Branch Manager
Silverton Mortgage Specialists Inc.
(770) 527-1375
lbeardslee@loriandlori.com
... more
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Sun Aug 23, 2009
Dallas Texas answered:
Professional code of ethics does not allow a Realtor to make any comments, however we can refer you website or contact information. Check local Police Department for all stat's in that area.


National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
Follow me on Twitter: http://twitter.com/Lynn911
Lynn911
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