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30339 : Real Estate Advice

  • All31
  • Local Info1
  • Home Buying22
  • Home Selling2
  • Market Conditions1

Activity 28
Fri Jul 7, 2017
Snocapmom answered:
Paying a lawyer to review a contract shifts the burden of error to the attorney.
As an agent, it's worth a few dollars to avoid personal liability. Lawyers have deeper pockets than most agents; avoiding an errors and omissions claim - deductible of 10K is payable by agent - brokers don't want legal expenses even if agent is right. ... more
0 votes 35 answers Share Flag
Thu Nov 24, 2016
Yes they can, usually case by case. If they do come after you i would contact an attorney.

US Mortgage Lenders - Thomas Martin
Min FICO 580 FHA/VA Loan Approvals 7 days a week

PH: 954-667-9110
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0 votes 10 answers Share Flag
Thu Sep 8, 2016
Neil Roxas answered:

I am happy to help you get your listing posted on Trulia.

If you would like to post a rental on Trulia, you will be redirected to use our partner site, Zillow Rental Manager, to list your rental on Zillow, Trulia and other top sites. Please follow this link for instructions on how to post a rental listing:

If you have additional questions or have issues with posting your listing, please reply back to this email and I will be happy to help you.

Zillow Rental Manger Help:\

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

Thank you for using Trulia!

Consumer Care Advocate
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0 votes 1 answer Share Flag
Fri Jun 26, 2015
Carol Moson answered:
45 days is a bit long to find out if the buyer can actually get a loan, however today there are so many regulations and requirements that it is taking longer than usual. With that said we usually look for 28 days on a mortgage contingency but 45 days to close would be reasonable. Hope that helps! ... more
0 votes 4 answers Share Flag
Mon Dec 15, 2014
Danielle Nicholl answered:
It very much depends on what type of document you are referring to. As a buyer you will definitely need the advice of your agent, title company and lender to make sure that the document is acceptable to them as well. ... more
0 votes 4 answers Share Flag
Wed Mar 12, 2014
Kristy Vallee - RMS Team answered:
We have an upcoming property off of Roswell Road. It will be available on 3/20. Please check our website on that date or call our office to schedule an appointment to view the property. 678-804-2468 ... more
0 votes 3 answers Share Flag
Mon Feb 24, 2014
Dan Tabit answered:
You could get foreclosed on by the HOA before the bank does, but this may not alleviate your obligation. State laws vary, and I'm not a lawyer, but the ones I use with my distressed clients advise them not to stop paying the HOA dues. Your HOA is not some blind nameless faceless entity, but your former neighbors. The cost of maintaining the neighborhood amenities is shared by all and when some fail to pay, the others must make up what's missing.
I think whoever is negotiating your short sale needs to fight harder with the bank and with the market. If they recommended you accept an offer which is too low, they didn't do you any favors. Banks are obligated to get the most they can to reduce their losses.
BPO's are not the Gospel and neither are appraisals. If they are out of sync, the question I ask is why? Which one is more accurate based on my findings and what can I do to discredit the other.
A foreclosure carries with it greater consequence than a short sale for most people. If you are this close to getting it approved, either get your agent to get answers and fight for it, with the banks or a better offer from the market, or get an agent who will.
I know it's a headache you want to put behind you, but if you give up too soon the resulting headache will stick around a lot longer than it needs to.
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0 votes 1 answer Share Flag
Fri Feb 7, 2014
Christine Ronn answered:
Hello Lane,

Good time to start looking. There are a number of options out there, new and old. Do you want to remain in the Vinnings area? How much do you want to spend? Any preference as to whether its a townhouse or a high rise?

Is there a chance we could talk over the phone? My cell is 404.234.0918 or give me your number and I will call you.

Warm regards,

Christine Ronn
Coldwell Banker
... more
0 votes 5 answers Share Flag
Tue Oct 8, 2013
Jason Pless answered:

I agree with Bill. I can definitely help you find a condo with washer and dryer included, finding one with a dog will be a much bigger challenge. If you have don't already have an agent you are working with, please give me a call or shoot me an email and we can get started.


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0 votes 2 answers Share Flag
Fri Aug 23, 2013
All loan programs today require a verified continuous 24 month employment history in the same line of work, but not necessarily with the same employer. 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 and your college diploma 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, but a full 24 month employment history from previous employers must be verified.

For someone who is salaried or hourly, you generally must be employed at least 30 days with the current or new employer. This is due to the fact that a pay stub reflecting at least 30 days of YTD income is going to be required prior to closing.

If you are paid by anything other than a W-2 (i.e. a 1099, self-employed, etc), then you must have 24 months of receipt of that type of income. Some exceptions are possible if your current employer switched your compensation from W-2 to 1099 or commission.

You mentioned credit repiar, so It is very important that you be VERY careful in disputing accounts. You cannot dispute accounts which you know to be accurate. For a mortgage, you cannot have an active and open account that has a disputed status. Fannie Mae/Freddie Mac/HUD all have very specific guidelines to be following when a borrower has an account in a disputed status. In some cases, it could cause you not to be able to qualify.

If you are looking to purchase a property, working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your mortgage options. To get Pre-Qualified for your purchase, you can submit your request online at

Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203(k) Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
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1 vote 8 answers Share Flag
Mon Aug 19, 2013
laurasam555 answered:
Am Mrs Laura, i got my loan of $30,000 from a loan lender called Mr Sam Cole. So if you are in need of a loan to buy a home, i will advise you to contact Mr Sam Cole on his email address; ... more
0 votes 5 answers Share Flag
Sat Feb 16, 2013
Michael Hammond answered:
Couldn't help but notice, Dorcas Walter from NY, that you also appear to be (in no particular order) Terry Morgan from Little Rock City, Diana Williams from New York city USA, Jessica Wright from Ohio here in USA, and Phil Morgan from Idaho here in United State. Being a history buff, wasn't aware that we had metamorphosed into a single state yet, although some in Boise might like that idea. BTW, if you are all of these different people, why use a single screen name like Henrymelvingloballoanfirm, Home Buyer, Atlanta, GA ? You wouldn't be having folks WIRE you money, would you? Good Luck!

Michael Hammond
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0 votes 10 answers Share Flag
Mon Aug 27, 2012
What is the Waiver for? For legal advice, you would need to consult a real estate attorney.

Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at
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 4 answers Share Flag
Mon Aug 27, 2012
Brian White answered:
The safest rule of thumb to follow is to consider that anyone to whom you owe money, but do not pay, can come after you! I always advise my clients to work with an attorney to make sure your position in a short sale is protected. ... more
0 votes 9 answers Share Flag
Mon Aug 27, 2012
Brian White answered:
I have always understood that PMI is there to protect the lender's interest, not the buyers. I don't think the presence of PMI has anything to do with whether or not the mortgage company can come back after the homeowner! ... more
0 votes 4 answers Share Flag
Mon Aug 27, 2012
Brian White answered:
I did not read this a as a 'full waiver of the deficiency". There is not enough information here to determine that. I have seen that exact wording before though, once where is it WAS a full waiver and once where it did come back and bite the seller later on down the road. I would definitely ask an attorney on this one! ... more
0 votes 10 answers Share Flag
Sat May 26, 2012
Joan Kaplan answered:
The only way I would encourage the purchase of a one bedroom condo is when there is additional space that can be used as a home office, making it a stronger resale than a one bedroom condo. ... more
0 votes 6 answers Share Flag
Mon Apr 23, 2012
Fred Yancy answered:
Credit scores, along with your overall income and debt, are big factors in determining whether you’ll qualify for a loan and what your loan terms will be. So, keep your credit score high by doing the following:

1.Check for and correct any errors in your credit report. Mistakes happen, and you could be paying for someone else’s poor financial management.

2.Pay down credit card bills. If possible, pay off the entire balance every month. Transferring credit card debt from one card to another could lower your score.

3.Don’t charge your credit cards to the maximum limit.

4.Wait 12 months after credit difficulties to apply for a mortgage. You’re penalized less for problems after a year.

5.Don’t order items for your new home on credit — such as appliances and furniture — until after the loan is approved. The amounts will add to your debt.

6.Don’t open new credit card accounts before applying for a mortgage. Too much available credit can lower your score.

7.Shop for mortgage rates all at once. Too many credit applications can lower your score, but multiple inquiries from the same type of lender are counted as one inquiry if submitted over a short period of time.

8.Avoid finance companies. Even if you pay the loan on time, the interest is high and it will probably be considered a sign of poor credit management.
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0 votes 14 answers Share Flag
Sun Jan 30, 2011
Craig M. Pitzi answered:
on the other hand, the purchase agreement should state the home sale is contigent upon you obtaining a written committment for financing. If the 15 day mark approaches and you do not have your lenders committment, you can ask for an extension, and if it is not granted, your deposit is to be returned. I have rarely seen an extension denied. You would risk losing the money you spend on a home inspection as well as your loan application fee, but your deposit would still be protected.
Usually the biggest delay is actually the appraisal. If that is done in the first week, its possible you can hit the 15 day mark, but normally I would ask for 21-24 days from loan application. One more week wont kill the seller. I would ask for 21 days, if they insist on 15 I would make sure there is an extension clause in your agreement. I would give them your loan persons contact info. Perhaps he or she could speak to them and educate them a little on the loan process and timelines.
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0 votes 31 answers Share Flag
Sun Jan 30, 2011
Wes Black answered:
You do not have to put 20% down to buy a home. There are programs like FHA that allow you to put as little as 31/2 % down. Check with your realtor who can suggest a lender that will review your financial background and offer you a few alternativesw to consider. Stay excited to buy. ... more
0 votes 52 answers Share Flag
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