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Home Buying in 30253 : Real Estate Advice

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  • Local Info6
  • Home Buying14
  • Home Selling0
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Activity 12
Sun Jul 31, 2016
Joyce Dube asked:
my email is kunene555@yahoo.com

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This question was asked from this property: http://www.trulia.com/foreclosure/3224006665-6540-Riada-Ct-McDonough-GA-30253#photo-6
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Tue Apr 5, 2016
MCM_STL answered:
Nope. Those fees are forfeited once you've spent the money regardless of whether the sale closes unless your signed purchase offer specifically states the seller would reimburse you for them and that would be highly unusual. ... more
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Sun Mar 13, 2016
Chatelain559 asked:
Gives me a red note above "check for errors" but nothing is starred or noted. ??
0 votes 0 Answers Share Flag
Thu Oct 10, 2013
George Cohen answered:
Hello sohailny,

This will depend on where your income is tied to. For example, if your income is tied to NY and can not be relocated to Atlanta, you may be looking at a Second Home purchase. In the case of a second home, the underwriter's will need for the location to make sense as a second home (resort area, lake, etc.) However, if you are self-employed or transferring with the same company, you may be looking at a Primary residence.

I would love to look at some scenarios with you and run some numbers.

Brand Mortgage is a subsidiary of Brand Bank. Brand Bank has been around Georgia since 1905.

Feel free to contact me if i can help in any way.

Best,

George Cohen
Mortgage Banker
678.442.3401 Office
678.985.5923 Fax
770.843.5482 Cell
gcohen@brandmortgage.com
apply online: gcohen.brandmortgage.com





3328 Peachtree Road, NE | Suite 200 | Atlanta, GA 30326
NMLS# 75615 | 1078450
... more
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Sun Sep 1, 2013
Joycelewis412 answered:
Home owners who have had bankruptcy in their history may qualify for a home loan. Check out www.whywaitbuytoday.com for more details.
0 votes 8 answers Share Flag
Wed Aug 28, 2013
BELINDA DUMAS answered:
Hi Shirley, This is BeLinda Dumas from Academy Mortgage. Most of the time if you have a minimum of a 620-640 and no late payments or new collections in the last 12 months, your scenario is workable with a 2 year work history, good income and no foreclosure or bankruptcy in the past 2-3 years.

For reference, if you have had a foreclosure, the wait period is 3 years from the date the deed is recorded and if you had a previous bankruptcy, (chapter 7) the wait period is 2 years.

If I can help you in any way, you can email me at Belinda.dumas@academymortgage.com
... more
0 votes 6 answers Share Flag
Wed Jul 3, 2013
Trevor Curran answered:
Good afternoon shirley_darden,

We see many credit reports with low credit scores (anything less than 620), and often many scores in the 500's. This is BAD credit. If you are one of the folks affected by this terrible economy, you have a low credit score and you have a dream of buying a home, here's some simple advice for you.

It is unlikely you could be approved for mortgage financing with that credit score at this time.

Beware of any mortgage professionals promising you an approval with such a low score. Wait on buying a home. I recommend you take the time to resolve your credit issues.

First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.

Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.

I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website.
http://www.consumer-action.org/

Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE.
http://www.consumer.ftc.gov/articles/0058-credit-repair-how-help-yourself

The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
... more
0 votes 4 answers Share Flag
Wed Jul 18, 2012
Jake Williams answered:
Corey,

Our office has nearly 10% of all of the listings in Henry County. I am in dozens of Henry County homes each week and am very familiar with the market here.

I would be very interested in further discussing your needs and will work hard to find the perfect house for you.

Feel free to give me a call or email me

Jake Williams
Keller Williams Realty
jakewilliams@kw.com
678-464-6025
... more
0 votes 3 answers Share Flag
Thu Jul 14, 2011
Tracyle answered:
I have a house in Henry County, Gated Community that we would offer for lease/purchase, regardless of your credit history. Happy to do any term/length, $1500.00 per month. Swimming pool and tennis courts, gates, etc. 3 bedroom 2.5 bath, 2 car garage. Outside is taken care of for you via association. Call if interested, 404-576-6360. Thanks! ... more
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Wed May 26, 2010
Ginger Wilson answered:
On the FHA addendum, there is an alotted amount for FHA repairs. That money can be used towards the repair. If that doesn't apply, ask about increasing the sales amount to cover the cost of a new heating system and change the sales price to cover and say "Seller shall replace HVAC system not to exceed XXXX amount to install new system. I just had this happen that someone stole the systems from outside just prior to closing but before the appriasal had been done. We changed the price appx $4000, had 2 units installed, seller agreed and everyone was happy. ... more
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Wed Aug 19, 2009
Georgeanncarter answered:
this post was along time ago....but just in case you are still in the market. We have a 5 bedroom, 3 bath currently for sale. It is in a great neighborhood. The address is 2169 Parador Bend McDonough, GA 30253. Please don't hesitate to send me an email......georgeanncarter@bellsouth.net ... more
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Sat Jan 24, 2009
Hank Miller answered:
As Elizabeth said, it all depends; if might be better to rent for now. Most lease purchase deals usually wind up with buyer's overpaying - you'd be better to rent and get that credit squared away. Get with a few lenders and see what they recommend, put that 2K away and try ot build on it and look to buy once you get a green light and can qualify. I'm happy to recommend a few lenders -

Hank Miller, SRA, ABR
Associate Broker & Certified Appraiser
Prudential GA Realty
678-428-8276
... more
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