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44121 : Real Estate Advice

  • All20
  • Local Info2
  • Home Buying7
  • Home Selling2
  • Market Conditions1

Activity 15
Sun Jun 4, 2017
James asked:
Mon Dec 19, 2016
Hodgeleslie66 asked:
Mon Nov 21, 2016
Mary_casa asked:
Mon Jan 4, 2016
Springjackson40 asked:
The title agency said there would be no reason for and extension, they would be done in time. now closing is tomorrow. will HUD pull the deal?
0 votes 0 Answers Share Flag
Tue Mar 17, 2015
Kelsey Compars answered:
This is a great question that I have actually been wondering about myself. My parents moved into a new home that does not have an air conditioning unit. They will need to get one installed and I want to help as much as I can so pricing it would be our first step. I think the best thing to do is going to be to ask around for quotes. http://jonesairconditioning.com/a-c-services.html ... more
0 votes 6 answers Share Flag
Tue Aug 20, 2013
answered:
I don't have any personal experience in this area, but I agree with you. You should ask your loan officer why they would need social security numbers of minors that do not live with you. I can't see any legitimate reason that they would need it. You should also contact OHFA to ask them if THEY require SSNs of non-resident children. If OHFA doesn't require their SSNs and your loan officer won't back down, take your business to another bank. Plenty of other banks offer OHFA loans (they are listed on the OHFA website). Good luck! ... more
0 votes 2 answers Share Flag
Sun Feb 24, 2013
trip0011 asked:
Sun Jul 1, 2012
Annette Lawrence answered:
Ms Presley,
You are being very prudent acknowledging the predatory nature of the rent-to-own market. Some state have actually outlawed this practice. The reason is the overwhelming number of instances leaves the citizen much poorer than when they entered the agreement. This is the predictable outcome when a citizen feels desperate or feel they have no other options. Nothing could be further from the truth. But you must start right.

The reason you are seeking rent-to-own is because you can not get bank financing. This is serious, so please give it great attention. Identify a lender in your area who has a history of investing in the community through mortgages and small business loans. Meet with a lending official and enroll in their credit restoration program. They willl be able to tell you, if you execute you side correctly, when you will be eligible for a mortgage. Why is this important? It brings you face to face with reality. Rent-to-own is often a costly maneuver to escape reality. You may hear in 18 months you will be able to save $8,000 and purchase a home with a $175,000 mortgage. You see, now you know the exit to a lease option if that is still your choice. Here is how to find the bank. Go to:
www.BankingGrades.com

You greatest ally in all of this is your real estate professional. This professional will be able to connect you to investors who are not predatory in their owner financed deals. If you call those investors who have the signs on the street. you are in very treacherous waters.

Wishing you the very best.
Annette Lawrence, Broker/Associate
Remax Realec Group, Palm Harbor, FL
727.420.4041
EZrealEstate.us
... more
0 votes 5 answers Share Flag
Sun Jul 1, 2012
Aminah Alexander answered:
That means there is an offer accepted on a property and it's going through the complete process where the buyer will be approved and ownership transferred. Are you looking in a particular area? I may be able to find you a comparable home to the one that is pending.... aalexander@kw.com
Aminah Alexander 216-372-5186
... more
0 votes 7 answers Share Flag
Fri Sep 24, 2010
Barbara Kachenko answered:
You could more than likely find a rental $700 and up a month.
0 votes 1 answer Share Flag
Sun May 9, 2010
Tari Torch Sweeney answered:
Depends on what you want to rent. It can be a single family residence for anywhere from $850 to $1500. It can be a 2-bedroom condo for $1000/month. Go to craigslist.com or cleveland.com and you can find rentals to get the actual rents for houses/condos/apts. that are currently available. ... more
1 vote 4 answers Share Flag
Sat May 8, 2010
Anna M Brocco answered:
To fight for your home, or not, is a decision only you can make--not knowing your bankruptcy details, what does your attorney suggest you do at this point.
0 votes 2 answers Share Flag
Tue Sep 1, 2009
Diane Norris answered:
Laura,

Of course there's a chance and you can enhance the possibility by being sure your home offers more "bang for the buck" to potential buyers! Homes that are in really good, showable condition and priced competitively to the neighborhood are the ones selling. Pricing a home is as much art as science and has as much to do with curb appeal, condition, amenities within the home (as compared to similar homes in the area) and how well staged the home appears to buyers (Remember,buyers need to be able to picture their things in the home - not yours so declutter!) In general terms, an updated kitchen and baths are more important than say, lot size. A dry, finished basement is a plus as is a family room or den and hardwood floors are definitely "in" among this area's buyers today! Needing to sell "fast" means that you'll need to price very realistically with no padding. Choose an agent who markets using a variety of media and promotes your home to other area agents as well as to potential buyers. If we can be of further assistance, please feel free to contact us!

Wishing you the best!

Diane Norris 216 408-0886
The RED Team at Keller Williams
Greater Cleveland Southeast
... more
0 votes 4 answers Share Flag
Fri Dec 19, 2008
David M. Childress answered:
Hello Heather, sorry about your loss. They will not just lock your doors. In Ohio, there is a 30 day redemption period after the sale for you to buy the home back. Then it will go into the eviction process. The sheriff's in Ohio are really back logged, so it is hard to say when they will get around to your home. But, you will get a notice and a date to move out or they will show up someday to evict you. But you will always receive notice before something bad happens. Good luck and God bless you and your family. ... more
0 votes 1 answer Share Flag
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