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44129 : Real Estate Advice

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  • Local Info1
  • Home Buying4
  • Home Selling1
  • Market Conditions0

Activity 9
Tue Nov 22, 2016
Randy Walker asked:
Continuing House is off market and states on trulir web site its been foreclose and up for auction; can someone get back to me about this please ASAP.
Thank you in advance in this important…
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Tue Apr 21, 2015
Derek Moore answered:
you can apply for a VA loan they may help. if you like i can help you restore your credit score to get you in better standing.
0 votes 2 answers Share Flag
Thu Oct 16, 2014
Andrei Neculai answered:
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Sat Aug 24, 2013
Ruthie Lowrey answered:
Mimi, so many variables to that. What is your downpayment? How long at your job? What is the monthly output for existing bills? What kind of house are you wanting to purchase? Do you qualify for any special programs such as the Hero Program or can you purchase FHA? Mainly your credit score is going to drive everything. If you still have questions and want no pressure answers, please call me at 440-476-2795. ... more
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Thu Jul 19, 2012
Ronnie Thompson answered:
Short sale is a decision that home owner makes after evaluation their need and financial condition but it needs lender's approval. There is no underlined guidelines for short sale and it's approval depends solely on lender's wish and risk re-assessment. It has got nothing to do with HAMP or HARP refinance. It makes no difference at all. If you wish to leave the house and make no mortgage Payment lender cannot levy your pay checks but they have all rights to report behind payment to credit credit bureau which will lower down your credit score and hence lower the ability buy a new home.Moreover, if you wish to leave the house and leave no option for lender other then short sale, they will report short to bureau which will lead to inability to buy new home for at least 3 years. At the same time lender will report their loss to IRS and you will have to pay taxes for the amount of lender's loss as it will be counted as your income for that particular year.

Short sale is very important decision to make as it has it's own consequences. If you have good understanding with the lender and if you could convince them to approve the loan and do a better than fair credit reporting , your credit will not be hampered a great deal.
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Tue Dec 15, 2009
Gerald A. Belfer asked:
Sun Jun 7, 2009
Roswell Moore, answered:
I want to clear up a bit of miss-information:

A Buyer can have owed a home within the last 3 years & STILL QUALIFY for the "First Time Home Owners" tax credit.

They can even own a home right now & STILL QUALIFY for the credit!

How? The small prints states that as long as you have not owned a Primary Residence, you will qualify for the "First Time Home Owners" $8,000 tax credit.

I hope that helps,
Ros


Roswell Moore, CMPS
Certified Mortgage Planner
480-422-5095
www.ezAZloan.com
... more
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Thu Oct 16, 2008
Bob Kienast answered:
The multiple listing service used in North East Ohio has fields for Total Square Footage, Finished Square footage, and unfinished square footage. It is usually understood that Square footage is above grade. The total square footage figure could include a basement rec room with a notation that this is a basement room. Cheesy... yes. But it is pretty common practice for some agents if the home is under 1,000 sq. ft.

Feel free to contact me directly
... more
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