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40299 : Real Estate Advice

  • All14
  • Local Info1
  • Home Buying4
  • Home Selling4
  • Market Conditions1

Activity 13
Angelica P, Home Buyer in Seattle, WA
Tue Dec 6, 2016
Angelica P answered:
Hi,

If you already removed your listing at the listing source, it will be updated on Trulia after 24-48 hours.

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

http://www.trulia.com/help/ask/


Thank you for using Trulia!

Angelica
Consumer Care Advocate
... more
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pokadotcutie…, Renter in Jeffersontown, KY
Sat Feb 15, 2014
pokadotcutie16 asked:
Eva Mok, Real Estate Pro in Edison, NJ
Sun Dec 22, 2013
Eva Mok answered:
Hello,
My first question is did you list your home with a Realtor? If you did they know how to get your home sold. The right market price is most important but they will have other techniques to get your house sold. ... more
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Aaron and Ch…, Real Estate Pro in Eau Claire, WI
Fri Dec 6, 2013
Aaron and Cheree Tiry answered:
Have you checked out the "rent" section at the top of Trulia? There may be something in there. Otherwise you could also check Craigslist.com to see what they have for posted for rentals. ... more
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Joel Lobb, Real Estate Pro in Louisville, KY
Thu Oct 10, 2013
Joel Lobb answered:
Have you ever thought what kind of credit score it takes to buy a home in Kentucky in 2013. I have supplied some examples below for Kentucky First Time Home Buyers so they can arm themselves with some knowledge and feel comfortable and confident when they take that step to get pre-approved to buy a Home in Kentucky

Interested in understanding how far a credit score can drop with late payments, foreclosure, short sale activity or bankruptcy?

This should give you an idea:

30 days late: 40 – 110 points
90 days late: 70 – 135 points
Foreclosure, short sale or deed-in-lieu: 85 – 160 points
Bankruptcy: 130 – 240 points

To come to these figures, Fair Isaac created two hypothetical consumers, one who starts out with a fair-to-middling score of 680 and the other with a very good one of 780. (FICO scores range from 300 to 850.)

The hypothetical person with the 780 FICO has 10 credit accounts versus six for the 680, plus a longer credit history, lower utilization of total credit limit and no missed payments on any account. The other consumer has two slightly damaged accounts. Neither have any accounts in collection or adverse public records.

Borrower #1 Borrower#2
680 780 Initial Score
620-640 670-690 30 Day Delinquency
595-610 645-665 90 Day Delinquency
575-595 620-640 Foreclosure Short Sale
530-550 540-560 Bankruptcy
Source: Fair Isaac Corp.

640 is the bottom score (again with few exceptions) that Kentucky Mortgage lenders will permit. Below a 640, then you’re in a world of hurt. Even at 640, people consider you a higher risk that other folks and are going to penalize you or your borrower with a more expensive loan. 720 is when you really start to get in the “as a lender we love you” credit score. 740 is even better. Watch your credit!!!!! Check out my post:

Home > Credit Report Tips, Credit Reports, Credit Score First Time Home Buyer Louisville Kentucky KHC, Credit Score Raising it, Credit Scores, Credit Scoresrequired for KHC, Fico Score >
Kentucky Mortgage Loan Approval Credit Requirements for 2013
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Joel Lobb, Real Estate Pro in Louisville, KY
Thu Oct 10, 2013
Joel Lobb answered:
We talked a great deal about the different combinations using an FHA/KHC first mortgage with down payment assistance (DAP). The DAP’s are in the form of a second mortgages, some forgivable over time and one that must be repaid. Kentucky Housing DAP’s range from $4,500 to $6,000.
This is how it works.
The first mortgage is an FHA/KHC loan for 96.5% of the purchase price.
The DAP is a second mortgage for 3.5% of the purchase price.
The seller can pay all of the closing cost and pre-paids.
The borrower only needs to pay for an appraisal (unless the seller pays for that too).
Inside scoop for you, I spoke to my source in Louisville Metro last week, they are expecting funding for their DAP program in July. Last year it was $10,000 a pop plus another $2,000 for closing costs. This program requires FHA home ownership classes so sign up soon if you want to grab this round.




Joel Lobb (NMLS#57916)
Senior Loan Officer
502-905-3708 cell
502-813-2795 fax
kentuckyloan@gmail.com

Key Financial Mortgage Co. (NMLS #1800)*
107 South Hurstbourne Parkway*
Louisville, KY 40222*
http://mylouisvillekentuckymortgage.com
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Michael Thac…, Real Estate Pro in Louisville, KY
Sun Sep 22, 2013
Michael Thacker answered:
Yes, definitely a question for your agent. If I'm not mistaken,he or she has to physically insert it as it is not loaded from the MLS.

Hope that its been cleared up for you by now!


All the best!

Michael
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Wes Black, Real Estate Pro in Louisville, KY
Wed Aug 15, 2012
Wes Black asked:
Very good homes at reasonable prices in 40299. Glad first time home buyers are discovering the opportunities.
0 votes 0 Answers Share Flag
Marilyn Clel…, Real Estate Pro in Louisville, KY
Wed Feb 18, 2009
Marilyn Cleland answered:
I'm not 100% sure on what exactly you are looking for, but I currently have a nice 1 bedroom condo listed in the same general area. It is off of Brownsboro Road (2730 Brownsboro Rd. #159), it is 1 bedroom, 2 full bath, and it is absolutely adorable. The condo has a fitness center, large pool, hot tub...the works! Click the link below to take a quick look at the virtual tour. I hope you end up finding exactly what you are looking for. Thanks! ... more
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Susan Wesely,  in Saint Paul, MN
Wed Jul 16, 2008
Susan Wesely answered:
Now all you can and should do is, as Joe said, "catch up". In that situation, I would make the payment anyway, then find out why they thought you were current. You had intended to pay, you had the $$$. If it turns out you made an extra payment, you just reduced your principal and chopped months off your payment schedule. That's almost always a good thing (exception is if you have a prepayment penalty - and even then, it may be a good thing). ... more
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Leonardo Mon…, Real Estate Pro in Palm Springs, CA
Sun Apr 6, 2008
Leonardo Montenegro answered:
Hey Noel,

I had that happen to one of my listings as well. There is no way we can manually adjust that. I did contact costumer service on Trulia to report the misplacement of the "arrow" and they took 3 days to correct it. Hope this helps.
Leonardo
... more
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