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Home Buying in 33060 : Real Estate Advice

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Activity 11
Mon Jun 16, 2014
a5776874 answered:
Before the bubble popped, realty companies and other property investors were taking advantage of the lenient loan stipulations and buying up as many properties as possible. Now, there are individuals and realty companies that own large quantities. Instead of selling, they take advantage of the rental demand they in fact, help create by owning all these properties. They make a lot more money from renting than selling for reasonable prices.
Capitalist do not care about the growing number of homeless and broken homes in this country. They are not going to lose a penny on the properties they've invested in. Plainly, they are taking advantage of renters. They won't admit it, but what are we to do? They aren't going to sell them, no. They would have to lose money by lowering the prices.

Hypothetical proposition: (that will never happen of course) The government creates a law limiting the amount of separate properties any company or individual can own. This would force them to sell to needy families, rather than allowing "LORDS of LANDS."
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1 vote 6 answers Share Flag
Wed Mar 5, 2014
Ximena Rosensweig answered:
Hi Joanne,

I can help you.

Please feel free to contact me.


Thank you,

Ximena Rosensweig
Realtor
SIGMA
Direct Line: 954-670-7994
xrosensweig@gmail.com
Languages: English, Spanish ... more
0 votes 10 answers Share Flag
Sat Feb 1, 2014
MARCO HUAMAN answered:
it slowed down thou. Hedge Funds have stopped purchasing by bulk, and financing is tightening a little with more restrictive rules, such as the QM. On the other hands are going up, and they are expected to keep adjusting upwards this year. The curve is softening... ... more
0 votes 9 answers Share Flag
Wed Dec 11, 2013
Mack McCoy answered:
http://en.wikipedia.org/wiki/Blockbusting

I thought that the buyers have gotten too smart, and were using schools as a proxy for their bigotry.
0 votes 8 answers Share Flag
Sun Aug 4, 2013
Dennis Evans answered:
Susan,
I would first order your credit report... many good places on line to do so...
Make sure there are no errors, mistakes or issues on your report that are not factual... You can contact the agency to report these errors and get them off your report ( still very important to pay all bills on time )... After you get that in line... Go to your local bank or other financial institution you may use such as credit union, etc and sit down with them... they can give you the steps to follow to get a pre approval... Then get a good buyers agent and they will help you with your puschase!
Good luck
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0 votes 8 answers Share Flag
Sun Feb 17, 2013
Lex Levinrad answered:
I just completed one for a property in Florida. Took around 2 months and cost $1,800
0 votes 3 answers Share Flag
Sat Nov 24, 2012
Stephen McRory answered:
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If this were 1982, maybe. There are no more of those kind of loans.
0 votes 1 answer Share Flag
Fri Sep 14, 2012
Amber Taylor answered:
Yes and the guidelines John Burke referred to below are right on the money!
0 votes 3 answers Share Flag
Tue Sep 4, 2012
Annette Lawrence answered:
You have no less than eight options. All of which must be presented to you by a real estate attorney, because each option has consequences. Some are little bites others can result in long lived nightmares.

A walk away can result in financial bondage for the next twenty years. That is not what I define as a walk away but a nightmare.

Being very serious, the option you choose and the sequence in which you execute them will determine the outcome. Don't play around, get an attorney. The outcome you have hinted at is doable, but not without risk. Call an attorney, and listen very carefully. Listen very critically. It is very possible the action you MUST take will not be written out, step by step for you.

You should also seek solutions through your real estate professional who has exceptional investor networks. There are solutions, but each persons situation is different therefore the best solution is found through agile and creative thinking.

I wish you the very best outcome.
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1 vote 9 answers Share Flag
Tue Sep 4, 2012
Alma Kee answered:
If you have the money to pay the loss on the $50k house, you can do that and then keep your credit immaculate and buy your next house.

If you do not have the extra $30k and cannot borrow it from a 401(k) then you may want to keep the house and rent it out. Talk with a lender because you may have to rent it out for over a year before you can include the rental income to offset that mortgage. I know some people who have rented out their current house for a year while they rented the least expensive rental in order to allow them to buy a nicer larger house.

Speak with a lender or credit union first. I can recommend www.Amerisave.com/myrea/Alma or your credit union.

All the best,
Alma Kee
www.SoldOnTampa.com
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0 votes 5 answers Share Flag
Sat Sep 1, 2012
Nubia Rojas answered:
do a short sale but donot stop paying your montly payments but yo have to say that you have a hardship call me 954-8540629
0 votes 10 answers Share Flag
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