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Home Buying in 32258 : Real Estate Advice

  • All42
  • Local Info2
  • Home Buying23
  • Home Selling11
  • Market Conditions0

Activity 18
Tue Sep 20, 2016
Lori Boyd answered:
Tina, What type of investment property are you looking for? A rental or a flip? If you need a rental property, we are primarily a property management company that handles only single family homes around the Jacksonville area. From time to time, I help our investors find great rentals for their portfolio, but we have a very specific criteria for the properties that we will manage. If you are just in it to flip right off the bat, then we are definitely not the company for you. :) I do wish you the best in finding the perfect Realtor for your needs. Kind Regards, ... more
0 votes 9 answers Share Flag
Tue Sep 20, 2016
Lori Boyd answered:
Dakota,

Other than the Florida Bond Program, you could consider using the NACA Program. In my opinion, it is the best one out there financially speaking, although, you will have folks in your financial business a little deeper than the traditional mortgage process. It is worth it though, as you don't have to pay anything back and they offer you the best interest rate, with no down payment, no closing costs and no mortgage insurance. Program benefits those who don't have great credit, but can show that they pay their bills on time for a length of period. Contact me if interested in more details. No matter what, good luck in buying your home. ... more
1 vote 7 answers Share Flag
Fri Jan 23, 2015
Tira Kindler TOP Agent answered:
Now that the FHA appraisal has been done it is officially attached to the property through FHA as an official value for the next six months. So, splitting the difference seems like a GREAT idea for a seller. Basically means your getting the buyer to pay you more than the appraised value. The first appraisal was probably altered due to new sales being lower. ... more
0 votes 11 answers Share Flag
Tue Dec 17, 2013
Patti ODwyer answered:
I would think the tax collector is doing it in case your circumstances have changed. Chase just probably doesn't have time nor cares about this. I would suggest going back to your closing atty and ask as a courtesy they write a letter to chase to remove themselves immediately from the escrow position. Attys get more attention than homeowners any day. ... more
0 votes 2 answers Share Flag
Sun Mar 17, 2013
Stephen McRory answered:
-
there are options that nobody has told you about.

Contact me and I'll tell you the rest of your options.

===
0 votes 5 answers Share Flag
Wed Jan 23, 2013
Kawain Payne answered:
Hello Vrsnak2002,


If the home is in pre-foreclosure you can still deal directly with the current of record.

Is the home currently listed for sale? If so, have your buyer's agent submitt an offer for you.


That being said, your agent should check to see how much the current is in the RED on the home. Is there a notice of trustee sale date recored? If the home is set for a trustee sale, you may not be able to close escrow in time enough to stop the trustee sale.

Best of luck to you!!!

Kawain Payne, Realtor
... more
0 votes 10 answers Share Flag
Tue Sep 6, 2011
Genevieve Ramachandran answered:
Meyerish,
Have you talked to your Realtor about this? Your agent would be able to give you the best information. Did you sign a short Sale Addendum? Review your paperwork.
Good Luck!
Genevieve Ramachandran
... more
0 votes 9 answers Share Flag
Fri May 27, 2011
Donald Price answered:
I am a real estate appraiser and a REMAX Realtor and you can ask for a reconsideration of value. Your agent needs to send the lender the comps that they think are better comps and justify why they are better comps. The idea of the appraiser not knowing the area is crap, it is a USPAP violation to work in an area that you are not fimilar with. The buyers are emotionally attached to the home now and the Realtor is looking at the commision on the sale, thats why the appraiser is unbiased. I hope this helps, feel free to call me 904-962-8089 with any questions.
Donald Price USN-RET
CDPE
REMAX Specialists
ST. CERT RES. REA. RD3933
... more
1 vote 16 answers Share Flag
Sat May 14, 2011
Irit Jacobson answered:
Hi Sara,

Your 1st step should be to contact a good mortgage lender to get his/her advice and letter of pre/approval . Once you get a letter, connect with an experienced broker so you can see what your $ get you in your area.
The market all over is a buyer's market.
Good Luck
... more
0 votes 12 answers Share Flag
Thu Jan 6, 2011
Evagail answered:
During the loan appraisal process, the appraiser will look at comparable properties that have sold recently, in the same area as the one being purchased. He will also visit the "subject house" and evaluate it both inside and out. After this review process, the appraiser will write a report to detail his findings. The report will include an estimated value of the home, as well as any required repairs. The report will then be sent to the mortgage lender for review and further action.

Web Reference:http://fhamortgageinfo.com/
... more
0 votes 12 answers Share Flag
Thu Apr 22, 2010
Kmbrennan answered:
Walt,
The amendatory clause is legit and the reason you recieved it a week later is that it, and the real estate certificate, must have all signatures on one page. I usually wait until I get the buyer sigantures on the documents before forwarding to get the sellers and RE agents. Sometimes this can take a few days.

Regardless of whether you sign this or not, the FHA appraisal will be linked to your address for 6mos. No one else could get a higher appraisal for an FHA loan durring that time.
... more
0 votes 13 answers Share Flag
Mon Jun 22, 2009
Leslie Jones answered:
I would suggest that you talk to your lender. They know all the programs. i work with a very educated lender if you would like the referral let me know.
0 votes 2 answers Share Flag
Tue Jun 16, 2009
Lindsey M. Bishop answered:
Kathy,

The only thing I am curious to know is why you would want to pay more for a property than it is worth, especially in this buyers market. There are plently of homes out there.


Good Luck,

Lindsey
... more
0 votes 3 answers Share Flag
Wed Jun 3, 2009
Christa LaFarlette, Realtor answered:
Good news for you!
For the FHA loan your appraisal has to be the at or higher than the purchase price. If your purchase price on contract is lower than the approved FHA loan (or amount you are approved for) then you are all good. Bottom line, you do not have to spend all that you can, and the appraisal has to be at least the amount of purchase price.
Sounds like you found a good deal! Enjoy your new home!
... more
0 votes 3 answers Share Flag
Wed Mar 25, 2009
Pat answered:
Thanks to everyone, I do have a buyers agent, who seems to know what is going on, but especially in this market, I figure it never hurts to have a second opinion :)
0 votes 8 answers Share Flag
Mon Mar 23, 2009
Pam Graham answered:
Good Luck Pat! Maybe it won't be as long as you think. :) Let us know how it turns out.
0 votes 7 answers Share Flag
Tue Mar 17, 2009
Greenleaf resident answered:
You would be wise to stay away from Providence Homes. The work is shoddy at best and service and follow-up is worse. And definitely stay away from any of the lenders they would refer you to (ours was Prime Lending). They work for each other, with Providence getting a kickback for the referral, thus if there are any problems, the builder and lender are against you. We got totally screwed at the closing, to the tune of $15,000. Sadly, we couldn't walk away, because we knew they would keep our deposit and we'd lose other money already invested. After moving in, we called the warranty division countless times, only to get the answering machine each time and no return phone call. The best we could hope for was an email a few days later that didn't address all issues. ... more
0 votes 14 answers Share Flag
Fri Aug 1, 2008
Louis Schwartz answered:
That's good news for the buyer, bad news for the seller. I don't recommend paying over appraised value. Why go into a situation in a negative equity position immediately. Chances are if you say you are going to walk the builder will reduce his price. If you do walk I suggest you use a REALTOR for your next purchase since a REALTOR has experience with these types of problems and builders usually will be more cooperative when a REALTOR is involved. Please contact me and I'll be glad to give you options.

Louis Schwartz
REALTOR
Prudential Network Realty
904-465-2413
louis.schwartz@prudentialnetworkrealty.com
... more
0 votes 14 answers Share Flag
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