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Home Buying in 33186 : Real Estate Advice

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  • Local Info2
  • Home Buying21
  • Home Selling2
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Activity 21
Sat Jul 9, 2016
Daza8jacqueline asked:
Mon Dec 28, 2015
Usachefemmett answered:
A bank has listed a property they foreclosed on. Later paid a certain amount in foreclosure proceedings. How can one understand how much the bank really has in it in order to be able to negotiate better with the bank. The prior owner, stole all of the paddock fencing and property needs including the main house needs some substantial work. We want to pay a fair price and the bank should recover their investment plus lost mortgage outstanding. However, property also requires some reasonable investment to bring it back to a normal status.

The house gone down in value in the Florida market due to its normal down turn. An inspection has been done and an appraisal will be done soon. How to negotiate with bank. We are real buyers looking to live their ,not just flip it. How and what are the banks motivations. It is in the 450-500,000 range, with limited lookers due to the condition of the horse property portion- paddock fencing all stolen, barn requires repairs, etc etc most of the repairs required are due to vandalism, not property age.

Help--thanks
... more
0 votes 18 answers Share Flag
Sun May 17, 2015
Soniajanki answered:
The Federal Housing Administration works with lenders throughout the US to offer American Families alternatives to conventional mortgages. FHA does not actually provide mortgage loans; instead they simply insure the lenders that provide the loans. Because, in Florida, FHA insures these loans; it enables lenders to provide mortgages for deserving families that may otherwise not qualify. This helps families that may have experienced hardships, have less than perfect credit, or are in need of fixing their current Adjustable Rate Mortgage situation. FHA also allows families to achieve the dream of home ownership with low down payments and low rates.

Purchase a Home with FHA Mortgages

> Here are some advantages of using this loan to purchase your home.

* 96.5% Financing
* 3.5% Down Payment Requirement
* First Time Buyers
* Previous Bankruptcy
* Low Rates
* Fixed Rates
* 30 – 10 Year Terms
* Flexible Income Qualifications
* Lower Credit Scores
* Flexible Loan Terms
* Gift Funds Allowed
* Flexible Underwriting

http://valoanguidelines.org/funding-fees-pmi/
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1 vote 7 answers Share Flag
Sat Apr 11, 2015
Yanoska Diaz answered:
You can take a guess by looking at the mortgages recorded in Miami Dade public records. You can't get pay-off information from a lending institution unless you are an authorized party.
0 votes 1 answer Share Flag
Tue Mar 3, 2015
Oliver von Gundlach answered:
Get an extension on the contract. Have your realtor be proactive on the transaction. Timelines on short sales are difficult and the buyer in most cases has no control.
If you can't get a positive cooperation and time is of the essence, then move on to another property. ... more
0 votes 14 answers Share Flag
Thu Oct 23, 2014
dorenezeller17 answered:
Have you been looking for a loan?Do you need an urgent personal or business loan?contact Dennis Hopkins Finance Home he help me with a loan of $300.000 some days ago after been scammed of $2500 from a woman claiming to been a loan lender but i thank God today that i got my loan worth $300.000.Feel free to contact the company for a genuine financial service. Email: dennishopkins_financehome@live.com or dennishopkins69@yahoo.com or www.dennishopkinsfinance.de.vu Tel: USA +12404374240 .He is a trust worthy man. ... more
0 votes 8 answers Share Flag
Wed Oct 8, 2014
Randy and Vicki Biehl answered:
Raul,

FPL stands for Florida Power and Light. (Electric). Not water, trash, gas or cable.
0 votes 5 answers Share Flag
Thu Oct 17, 2013
Robert DiAlberto answered:
Market is still strong. Congress has kicked the can. I am taking a new listing at the Crossings next week.

Bob DiAlberto
Berger Realty Group
954-684-3545
0 votes 27 answers Share Flag
Tue Sep 3, 2013
Dean Isenberg answered:
Please visit our website at http://www.GotMiami.com.
There you can put in a full address and find out what school you are zoned for.
You can call me or email me at
Bonnie Isenberg
Realtor / Associate
Turnberry International Realty
www.BonnieIsenberg.Com
www.GotMiami.Com ?
Trulia@GotMiami.com
Phone - 305-216-5889
Fax - 305-402-0227
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0 votes 8 answers Share Flag
Sat Aug 24, 2013
mjayproperty2013 answered:
See if you have interest in the property located at 7068 SW 158 path, Miami 33196

Call at 786-763-1944
0 votes 6 answers Share Flag
Thu Aug 22, 2013
Antonio Yatim answered:
Hello,

Kendal is a great area overall, it all depends if you’re looking to rent or to buy, if you rather leave on a condo or a townhouse or a single family home. If you have kids you may want to take a look in to the schools available in the area and also you may want to consider the time to commute to your work.

Let me know if you need help in finding the right place. I’ve lived and worked in the area for over 20 years.
... more
0 votes 5 answers Share Flag
Fri Jul 12, 2013
zoeylife87 answered:
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Contact Me:
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zoeylife87@gmail.com
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0 votes 6 answers Share Flag
Sun Jan 20, 2013
MARCO HUAMAN answered:
Jose
I am a mortgage banker, and I can offer financing with a 96.50% LTV with an FHA which requires at least a 580 credit score; and a 97% LTV with a portfolio product that requires a 620 Credit Score. ... more
0 votes 5 answers Share Flag
Fri Oct 19, 2012
Scott Godzyk answered:
Once a property is foreclosed on, they will assign the home to an asset management company who will assign it to a local broker. They DO HAVE a relocation assistance program formally called cash for keys. In most cases they will offer you an amount to vacate within 30 days. SOmetimes the amount is negotiable depending on how quick you can move. Unfortanately there is no one to contact until it is assigned and they will contact you. ... more
0 votes 6 answers Share Flag
Fri Aug 24, 2012
Gladys Salkeld answered:
I would recomend to continue paying the condo fees, more so if you are still living in the property.
The bottom line is that what you do not pay will be paid by all other owners in the condo, who will have to raise the condo fees to cover what you did not pay. If your unit is rented Association will go to your tenant to collect rent directly...it creates a chain that does not help nobody. The bad debt line in Condo Financials is created by the amount of uncollected money from homeowners that will not be recovered in full at closing, this is selling the property at foreclosure. ... more
0 votes 13 answers Share Flag
Fri Aug 17, 2012
Lila Lopez answered:
Good Afternoon,

Congratulations on your closing. There are several documents that a title company/closing agent would need to obtain in order to ensure themselves that they are able to provide you with clear title to the property free of any liens on the property. Given what may appear you have gone through, I would strongly suggest that you contact a local real estate attorney to review the title commitment and other documentation to ensure that all items have been addressed. This will of course provide you with the much needed piece of mind that you will need. Good luck with your closing.

Lila Lopez
RE/MAX Advance Realty
homesbylila@yahoo.com
305-772-2521
... more
0 votes 2 answers Share Flag
Thu Aug 16, 2012
PB_WD40 answered:
Tue Aug 7, 2012
Irina Karan answered:
If you are an owner of this association, you can formally request this info using freedom of the information act.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com ... more
0 votes 8 answers Share Flag
Tue Aug 7, 2012
Irina Karan answered:
Hello Elsa and Cesar,

There are different cash for keys programs.
One - if you do HAFA short sale, you might get money from participating lenders.
You have to qualify for the program.
Two - I had a regular short sale where the lender agreed to give the seller some move out expenses - also called cash for keys.
Three - Deed in Lieu of Foreclosure (DIL) - you give up the house and get some money from the bank.
Four - tenant gets the money in REO/foreclosed property. You have to have 1 mortgage only for this one.

Without knowing which one you mean, you can call Deutsche Bank directly and talk to their short sale department (it takes care of most situations).

Whatever you are considering - the only "good" option is a short sale.
DIL is truly a foreclosure in the eyes of your future lenders (mortgage and car) - as for the rest of your life you'll be answering "yes" to the question of foreclosure. You won't be able to get a government job either (requires no foreclosure or bankruptcy).

To discuss more specifically, please contact me off line.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
... more
0 votes 4 answers Share Flag
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