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33324 : Real Estate Advice

  • All36
  • Local Info7
  • Home Buying15
  • Home Selling1
  • Market Conditions0

Activity 27
Stephen McRo…, Real Estate Pro in Tampa, FL
Sun Nov 20, 2016
Stephen McRory answered:
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If your husband is not a combat wounded Vet, or disabled and has used his VA eligibility on a loan in the past, and you have 3% to put down, you may want to avoid using a VA loan for multiple reasons.

Now don't get me wrong, as a prior service U.S. Marine and a Florida Mortgage Broker who offers VA Loans, the think the VA loan is good for many situations. But in certain situations, the VA loan can very limiting and can keep you from obtaining the home you want and/or can be more expensive.

Personally, I would never use my VA benefit again to purchase a home and I advise checking out alternatives before settling on a VA loan.

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... more
0 votes 3 answers Share Flag
Thomas Martin, Real Estate Pro in Hollywood, FL
Sun Nov 20, 2016
Thomas Martin answered:
Either one! Your better off with a townhouse, villa, single family, modular or manufactured home. These will all qualify for FHA financing.


We provide FHA/VA loans all the way down to a 580 fico. As a licensed real estate broker and mortgage broker over 10 years i can answer any questions you have throughout the process.

US Mortgage Lenders - Thomas Martin
Min FICO 580 FHA/VA Loan Approvals 7 days a week
PH: 954-667-9110
http://www.florida-mortgage-lenders.com/
... more
0 votes 7 answers Share Flag
Thomas Martin, Real Estate Pro in Hollywood, FL
Sun Nov 20, 2016
Thomas Martin answered:
Yes it is possible.

Buyer Requirements.

Primary residences 25% down payment.
Second homes 30% down payment.
Investment not allowed
Minimum Credit Score 620

US Mortgage Lenders - Thomas Martin
Min FICO 580 FHA/VA Loan Approvals 7 days a week
PH: 954-667-9110
http://www.florida-mortgage-lenders.com/
... more
0 votes 4 answers Share Flag
askbriansong, Real Estate Pro in Fort Lauderdale, FL
Sat Aug 27, 2016
askbriansong answered:
some listing agents are playing with Short-sale. They bring their own family member or friends as a buyer and share the profits later on. They will summit relatives's offer with short-sale package to the bank without showing the house to anyone. I feel angry when they do that. I never report it but best way is report it to the bank. ... more
0 votes 11 answers Share Flag
Ritgarci, Home Buyer in Fort Lauderdale, FL
Fri Sep 18, 2015
Ritgarci answered:
Sounds to me like you don't have all the facts. Also, that you have your nose where it doesn't belong.
1 vote 3 answers Share Flag
Jeffrey Jaco…, Real Estate Pro in Boca Raton, FL
Thu Apr 9, 2015
Jeffrey Jacobs answered:
Probably going to be much easier for you to find something like an extended stay hotel like La Quinta Inn or similar places like that.
0 votes 1 answer Share Flag
Tim Moore, Real Estate Pro in Kitty Hawk, NC
Fri Nov 14, 2014
Tim Moore answered:
We are all here to help people with real estate, but we don't advertise here.
0 votes 2 answers Share Flag
Crystal Bond, Real Estate Pro in Plantation, FL
Wed Feb 12, 2014
Crystal Bond answered:
Hi Marina!

Did you ever get your home listed and sold? If not, I'd be more than happy to assist you in both. Please reach out to me directly. Thank you.
0 votes 3 answers Share Flag
Carlos Lacer…, Real Estate Pro in Aventura, FL
Wed Sep 25, 2013
Carlos Lacerda answered:
Yes a Walk thru inspection prior closing should have taken care of it at the closing, if you did not do that either you fail and or your Realtor did fail.

At this situations is when you can differentiate a good Realtor from a bad one. And remember to always ask questions after all we are the professionals and we are here to answer.

Regards
Carlos Lacerda
Charles Rutenberg Realty LLC
http://carloslacerda.sef.mlxchange.com
www.crrsouthflorida.com
954-401-0548
... more
0 votes 12 answers Share Flag
Scott Godzyk, Real Estate Pro in Manchester, NH
Wed Sep 25, 2013
Scott Godzyk answered:
First thing is that many agents who are are not experienced with short sale procedure list homes low to attract offers, the price is not set by the bank so when the bank appraises the property and it comes in higher, the bank counters at that market value. NEXT all counter offer should be in writing anyway and should be presented to you in writing, NEVER accept verbal counters or approvals on a short sale make sure everything is in writing. If the bank states they are firm at a price you can make a new offer, but have to be at that price. ... more
0 votes 6 answers Share Flag
Susan J Penn,…, Real Estate Pro in Weston, FL
Wed Sep 25, 2013
Susan J Penn, PA,SFR,CDPE answered:
If you the buyer, signed off on the short sale approval letter, you now have an effective date and need to start on your inspections. The short sale letter has a closing time. Read the letter and look at your closing date. You should have already been pre-approved for a loan, as now you need to close on the loan.

Susan Penn, PA, SFR, CDPE http://about.me/HomesForSale_SusanJPennPA
EWM Realtors® | A HomeServices of America Company | An Affiliate of Berkshire Hathaway
2000 Main Street, Suite 103 | Weston, FL 33326
T: 954.306.7337 | C: 954.557.5993 | F: 954.515.0200 | penn.s@ewm.com | www.ewm.com
... more
0 votes 5 answers Share Flag
Danny Vargo, Real Estate Pro in Miami, FL
Wed Sep 25, 2013
Danny Vargo answered:
Have your landlord first find out if the loan is assumable. Likely it is not. If it is not assumable, he should at least be able to tell you what he owes.

A realtor or real estate attorney can guide you as to what the home is worth. Their are some excellent first time buyer programs in Davie and Plantation that can take care of most of the down payment for you. I am a grant specialist and would be happy to help you.

If you don't use a realtor, at least use a real estate attorney to review all documents related to the purchase and definitely to draw up a purchase agreement.
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0 votes 7 answers Share Flag
Didi Collins, Real Estate Pro in BOCA RATON, FL
Mon Jul 29, 2013
Didi Collins answered:
Hello Vivian,
I am not a Lawyer; however, if the laws concerning your pets were different when you first moved in,
you should be grandfathered in by that law. in other words, if you were allowed to have your pets when your first moved in then they should allow you to keep them; however if the laws were then that you couldn't have your pets, then you have been in violation of the rules unknowingly of course.
You may have to move out or get rid of your pets.
Having said that, you best to consult a lawyer.
Dd
... more
0 votes 5 answers Share Flag
Susan J Penn,…, Real Estate Pro in Weston, FL
Fri Jun 14, 2013
Susan J Penn, PA,SFR,CDPE answered:
The market is hot right now and 2/2's are being purchased quickly. It is very possible to puchase a property from another state. I sell to people in other countries. You need to have a computer with accessible email and a good realtor who communicates.

Susan J. Penn, PA, EWM Realtor
www.susanpenn.com
penn.s@ewm.com
... more
0 votes 8 answers Share Flag
Yanoska Diaz, Real Estate Pro in Miami, FL
Sat Jun 1, 2013
Yanoska Diaz answered:
I believe it is important to focus mainly on quality and proximity to schools, major arteries of transportation, shopping and area amenities.
0 votes 4 answers Share Flag
Danny Vargo, Real Estate Pro in Miami, FL
Wed May 22, 2013
Danny Vargo answered:
I'd be happy to give you an analysis on the value of this property. Keep in mind by offering less than asking price, you are risking getting outbid by another offer. The list price is just what the seller is asking for the property. It does not necessarily reflect what it is actually worth. Banks will do their homework and so should you. ... more
0 votes 2 answers Share Flag
Danny Vargo, Real Estate Pro in Miami, FL
Wed May 22, 2013
Danny Vargo answered:
Few to no condos are FHA approved now. Associations are not submitting documentation to be renewed and HUD has little interest in making condo financing more affordable. Condo financing is 20% down at best, or 25% for what is called a limited review.

Most often, HOAs fall short on reserves. FHA requires 10% of the annual revenue to be allocated towards a separate reserve account.

HUD publishes FHA approved condos by zip code. Contact me and I will give you the link.

Good luck.
... more
0 votes 5 answers Share Flag
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