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44060 : Real Estate Advice

  • All16
  • Local Info0
  • Home Buying9
  • Home Selling0
  • Market Conditions1

Activity 14
Fri Oct 20, 2017
Donna.hntn65 asked:
Fri Jul 8, 2016
Njk2727 asked:
I have 10% cash to put down. People are living in it currently. Would they be evicted by the sheriff before I take possession, or by me after I take possession?
0 votes 0 Answers Share Flag
Fri Jan 22, 2016
Karen Peyton answered:
If you can swing 3.5% for a down payment, an FHA loan will likely work for you. USDA loans offer no down payment but are limited to certain geographical areas.

My advice is to speak with a lender - who as part of the qualification process - will make loan recommendations based upon your credit, down payment funds, and income.

Good luck!
... more
2 votes 1 answer Share Flag
Mon Sep 21, 2015
Craigdiekmann asked:
7021 Center St., Mentor, OH 44060 was the address, 3 bedroom apartment in triplex. Need to delete or stop this posting. Craig Diekmann email is
0 votes 0 Answers Share Flag
Sat Jun 27, 2015
Mark's Of Excellence Team answered:
Sat Jun 27, 2015
Mark's Of Excellence Team answered:
Very bad idea. You do NOT want a 1 bedroom home.
Mark J Baughman, Realtor (R)
Executive Club, 100% Club, Million Dollar Club, Re/Max Top 1% Production: 2006,2007,2008,2009,2010,2011,2012,2013, 2014
RE/MAX Traditions
Mobile: 440-487-3448
Fax: 1-888-812-5245
... more
0 votes 1 answer Share Flag
Mon Feb 16, 2015
Mark's Of Excellence Team answered:
Have you sold yet? Would you like a local top producing team to take a look at your current home?
0 votes 15 answers Share Flag
Fri Jun 13, 2014
Libby answered:
They can provide you with opportunities
0 votes 4 answers Share Flag
Tue May 31, 2011
Linda Roby answered:
This home already has an offer but there are many bank owned homes available and I would love to help you find the right one. Please let me know if I can be of assistance in your search. I can be reached at 216-4032-0501 any time. ... more
0 votes 3 answers Share Flag
Mon Jan 4, 2010
John Wirsing answered:
Hi Matt-
In rethinking your problem, one suggestion would be to write an offer that would seek up to 6% of the purchase price toward your points, closing & prepaid expenses.
This will decrease the amount of money that you will need to closing costs and soften the blow on your selling side.
For more info, call me at 440-487-2193 or e-mail me at
... more
0 votes 11 answers Share Flag
Fri Jan 1, 2010
Jennifer Allen answered:
Hello Andy. That is a great question with a slightly complicated answer. Every situation is unique. The seller/builder is truly the only person who can answer that question. The current market will help determine the true price of this home no matter what price the home is listed for now. Several factors will need to be taken into consideration when you determine your offer and highest price to pay for the home. An experienced real estate agent will be able to help you gather the necessary information for that particular home. The opportunity to purchase a home now are wonderful from the tax incentives, low interest rate, and lower home prices! ... more
0 votes 3 answers Share Flag
Tue Jun 16, 2009
Keith Manson- Metro Milwaukee Wisconsin answered:
The pmi insurance is in place to protect the lender in case the mortgagor defaults. Basically the coverage is used to put the bank the the investors of the mortgage/bond protection if the loan goes into default. The coverage usually is around 20% of the principle mortgage balance. When the loan goes to foreclosure the bank files a claim with the PMI company and after review will pay the bank in 60 days of filing assuming the documentation is correct.

The PMI company usually reserves the rights to go after dececiency rights when it pays the claim to the bank. So the bank may assign the deficency rights over the pmi company.

The amount the bank recieves from the pmi does not assist you in paying off loan since the payment is not made is after the bank foreclosues and the property has been transfered to the winning bidder at the foreclosure sale.

Keith Manson
First Weber Group
Certified Distressed Property Expert
... more
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