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32927 : Real Estate Advice

  • All21
  • Local Info2
  • Home Buying11
  • Home Selling1
  • Market Conditions0

Activity 16
Tue Apr 25, 2017
Tchetta81 asked:
We added the pool last year, so it's a separate loan. We are planning on building and need the 20% down, so the more we have after the sale the better. If we pay off the pool it lowers…
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Wed Dec 21, 2016
Alan May answered:
It's just another tax that some communities have instituted when you sell (or transfer) your property. The fee varies, but is usually a fairly small percentage of the sale price.
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Fri Jun 10, 2016
Jrmoore73 asked:
on her computer that she (bigbluecapeh@yahoo.com) has shared with me, jrmoore73@att.net but I never receive anything. Yes, I've checked junk and spam folders. Any help would be greatly…
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Tue Aug 18, 2015
Tyeshaolga answered:
Lis Pendens is Latin for "Suit Pending." Lis Pendens is a notice filed in the public record that a lawsuit has been filed against the property. Most likely the lawsuit filed is a foreclosure. So you can either approach the owner and payoff the outstanding loan to the bank or wait for the proeprty to emerge as an REO.
Web Reference: http://ForeclosureIQ.com
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Sun Mar 15, 2015
Robin Ricker answered:
Just give Trulia a call or click on the support tab, they will correct the error, I've had the same thing happen to me and the support staff were great and fast in handling the problem.
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Tue Jan 21, 2014
answered:
Depends on the type of loan that the current owner has on the home. Some mortgages are assumable while others are not. I cannot think of a good reason to go this route today with rates as low as they are and other disposition methods are available to the seller, but let’s answer your question.

Maybe. As long as: 1. The loan is assumable 2. You qualify for the mortgage being assumed 3. The train wreck isn’t more complicated than just the first mortgage

It is my experience that many people caught up in the foreclosure process have more than just one problem. Judgments and tax liens are just a couple of examples of things that could complicate the deal.

If you are trying to go the assumption route because you know you do not meet the mortgage guidelines’ minimum requirements then this is not the solution. The lender cannot approve the assumption and you do not want to throw your money away trying to avoid the rules. They can and probably will foreclose on you if they are not part of the process. Good luck,

Jim Simms
NMLS # 6395
JSimms@cmcloans.com
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. This answer is my personal opinion, has not been reviewed or approved by the company I work for. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.
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Sat Nov 30, 2013
Don Tepper answered:
Most lenders won't be interested in making loans of under $50,000. There's too much overhead for the small amount of profit to be made.

Consider, instead, a private lender. Or a personal loan. Or ask the seller for owner financing.

Hope that helps.
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Sun Nov 18, 2012
Andrea Simon answered:
Most areas in 32927 are on septic system, especially the areas in Port St John that are west of the rail road tracks. East of the rail road tracks they are mostly sewer with the exception of a few streets. You can always contact the City of Cocoa water department with the address and they can confirm if it is septic or sewer. ... more
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Sun May 22, 2011
Connie Trincali answered:
KC

You definitely have a financial hardship and a short sale maybe your answer. Please make sure you consult a local Realtor and real estate attorney to assist you in this process. A bankruptcy is also an option, however, if the Florida property is your only default, then you maybe able to save your credit with a short sale.

David Dicioccio, PA
RE/MAX Elite - Melbourne, FL
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Wed Dec 8, 2010
Scott Godzyk answered:
faith on average closing costs average 3% of your loan amount, it can differ depending on how many points you may be paying with your loan or if your mortgage company is requiring escrows. You can simply ask your loan officer for a good faith estimate of your closing costs.

Please see my blog for more tips and advice on obtaining a mortgage in todays market
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Tue Nov 16, 2010
Phil Rotondo answered:
Are you referring to Tax Deed Auctions or bank foreclosures for auction?
Please let me know.
Phil Rotondo, ERA Showcase Properties and Investments
Melbourne, Fl
mailto:phil@321property.com
1-321-698-5893
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Sat Jun 19, 2010
Kaylene Ross answered:
Hi Mary, We have a 3 bedroom 2 bath home in Canaveral Groves. 2.38 acres with 4 stall barn, fenced, extra garage/work area, and spa but not pool. We have renters who are leaveing by Sept 30. We are presently getting 1500, but are negotiable. Please call 410 808 3849 if interested Jim ... more
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Fri Nov 20, 2009
Agi at A1A~ePro Broker / CERTIFIED answered:
Both the buyer and seller are "suppose" to sign a document at closing pertaining to a tax discrepency. I would be happy to have our title company research the situation for you. Feel free to contact me. ... more
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Thu Nov 13, 2008
Marian Derks answered:
Foreclosure is one action.

Eviction is the next

Foreclosure only grants ownership not occupancy.

A new owner must file to evict with the court, after the foreclosure has granted them ownership.

Check on the rules for eviction with the precinct in your area and this will tell you how much time you have.

The eviction will also require a notice of a court hearing and in the state of Texas the judge will grant the occupancy to the new owner at the court hearing if all the process has been filed correctly.

If you, the current occupant does not leave withing the time that the judge states at the court hearing the new owner then can file a writ of possession and place the current occupants personal items out to the curb. In Texas start to finish and on the curb for an eviction is usually 30 day after filing the eviction.

If the mortgage bank is the new owner they will usually send a represenative to offer you cash for keys so you can acquire some money for moving out. This is a document you sign with the bank rep. You must follow thru with the agreement to get the cash.

Please be aware it is much better to do a short sale than put your self in this position.

Government short sales are allowing you some cash reward at closing for making the home available for and participating in the sale even if the sale price is less than what is owed the bank. This helps keep distressed properties off this market therefore, holding up values in the neighborhood.

Marian Derks
ReMax Capital City
1(512) 659-1642
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