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33144 : Real Estate Advice

  • All14
  • Local Info0
  • Home Buying11
  • Home Selling0
  • Market Conditions0

Activity 14
Thu Nov 2, 2017
Marsha Umansky answered:
Hi Bryan. I had several clients who used VA loans to buy their homes in Florida and we had no problems or aggravations. Your realtor needs to be in communication with your VA loan officer and structure your offer in a right way to avoid or minimize your losses. Don't get discouraged. Va loans work fine. ... more
0 votes 25 answers Share Flag
Sun Jan 22, 2017

• 100 % VA Condo Mortgage Loans Down to a 550 fico!

• 96.5% LTV on FHA Approved Owner Occupied Condos= 3.5% Downpayment!

• 95% LTV on Owner Occupied Condos= 5% Downpayment!

• 90% LTV on Second Home Condos= 10% Downpayment!

• 80% LTV on Second Home Condos= 20% Downpayment

• 80% LTV on Investment Condos= 20% Downpayment.

• 75-80% LTV on Florida Non Warrantable Condos + Condotels.

FHA Condo Loans Down to 580 Fico with 3.5% Down.
VA Florida Condo loans Down to 550!
Florida Fannie Mae Approved Condo list for 2016.
... more
0 votes 34 answers Share Flag
Mon Nov 21, 2016
Diane Christner answered:
What these lenders are not telling you is that not all condo communities will meet the criteria for Fannie approval, so filling out a condo questionnaire is irrelevant if the condo association has, for example, not been collecting sufficient funds for reserves or the community is mainly investor owned units used as rentals.

Also, some communities may actually meet the criteria for Fannie approval but the condo boards don't want to commit to completing the required questionnaires. No questionnaire, no Fannie approval.

So if you are considering condo communities not already on the Fannie approved list, you will need to do some research before signing a purchase agreement for a condo in a non-listed community.

Find an agent who's experienced in condo sales/ Fannie requirements to help guide you thru the process.
... more
0 votes 5 answers Share Flag
Sat Aug 6, 2016
Jasminebarnes4944 answered:
I once had Debt from six years ago and it stopped me from buying a home
my family had been making effort to move into. Imposters ripped me off my money.I came across some guys online after contacting them they were prompt, courteous, and genuinely they cared about the problem I was facing.They fought hard for me, and thanks to them, my family and I are closing on our new place! I would recommend to anyone with credit score related issues . Don't know how they did it but you will thank me dozen ... more
0 votes 17 answers Share Flag
Thu Apr 21, 2016
Scott Godzyk answered:
Not really in this market where there is a shortage of homes for sale in most markets. A seller can list for sale for just below market value, and sell. In a declining market with few buyers, your plan would have a better chance of snagging a seller needing to sell and no luck getting a buyer ... more
0 votes 1 answer Share Flag
Fri Feb 12, 2016
Yanoska Diaz answered:
Fri Jul 10, 2015
Yanoska Diaz answered:
Are you seriously asking this question in a public forum? Using a "straw buyer" may be considered illegal specially by the Lending Institution who is loaning money based on information not warranted by you, the real buyer.

In addition, you should consider the risks previously explained by agent Javier Olmedo.
... more
0 votes 2 answers Share Flag
Thu Jul 2, 2015
Yanoska Diaz answered:
I don't fully understand your statement. Are you referring to ignoring comparable sales and "talking" you into making a higher offer than you should?
0 votes 2 answers Share Flag
Thu Jul 17, 2014
Have you considered a reverse mortgage to help your parents keep their home? It can really be a great option. There are many misconceptions regarding the program. I have seen it save older homeowner's from foreclosure.
Best wishes to you and your parents.
Be glad to help in any way.
... more
0 votes 3 answers Share Flag
Mon Feb 10, 2014
marc jablon, new harbor realty answered:
Because almost every home with a mortgage contains a due on sale clause, but does not contain an assumption clause, it is very unlikely that you will be able to take over a pre-existing mortgage.

The way to possibly accomplish a home purchase without using a bank might be a rent to own agreement with an owner. These are very hard to find, but you might ask your Miami realtor to speak to owners who are looking to rent their homes.

There may be an owner who would consider a rent-to-own arrangement. In such cases, the owner will typically expect a non-refundable downpayment at the outset of the lease.

If you find someone willing to work with you in this manner, you may want to retain the services of a real estate attorney to help you with the contract.

Marc Jablon, the Jablon Team
Re/Max Complete Solutions
... more
0 votes 8 answers Share Flag
Wed Sep 4, 2013
Yanoska Diaz answered:
Your question is incomplete but somehow I see you may need to contact an attorney that handles situations like the one I believe you were going to expose.
0 votes 4 answers Share Flag
Wed Oct 31, 2012
Ann Ryan answered:
If there's any doubt in your mind, get a licensed inspection for Chinese drywall. Some hints there may be a problem - blackened copper pipes, a strong chemical odor, and/or the house can only be shown when the owner is home and all the windows are wide open.

The unfortunately truth is that widespread Chinese drywall destroys nearly the entire value of a home - therefore, investing in an inspection is a wise move if you have any suspicion that it may be present.
... more
0 votes 8 answers Share Flag
Tue Oct 30, 2012
SophieMiamiBeach answered:
Sophie Bamps
Real Estate Agent
Cell: +1 305 206 8867
Fax: +1 305 443 2226
0 votes 4 answers Share Flag
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