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46201 : Real Estate Advice

  • All9
  • Local Info1
  • Home Buying4
  • Home Selling2
  • Market Conditions0

Activity 8
Sat Mar 26, 2016
Diane Christner answered:
Your home would have to be listed with a licensed real estate agent. You can post FSBO listings on zillow.
0 votes 1 answer Share Flag
Tue Jan 21, 2014
Jennifer Farmer answered:
LOL...seriously, why is this a question coming up 4.5 years later? It takes only two years since Ch 7 BK discharge per FHA Guidelines and three years for conventional. If there was a mortgage included in the discharges then you add one more year to each of those. Either way, you should be fine by now if you have re-established credit and a minimum credit score of 620. Please call me if you would like me to get you a pre-approval.

Sincerely,
Jennifer Farmer
1st Signature Lending LLC
317-289-6099
... more
0 votes 10 answers Share Flag
Mon Jan 20, 2014
Jennifer Farmer answered:
Hello,
I have been a Mortgage Loan Originator for over 12 years now. I have closed many Mortgage Loans for borrowers that are currently in a Chapter 13 BK. As long as you have been in the Ch. 13 for at least one year and made all of your payments on time you may qualify. You will need the approval of your Trustee and that usually takes an extra week or two for the BK courts to process. You will also need to have re-established credit and a credit score of at least 620. The loan must close prior to your discharge.
If you wait until after your discharge, you will not be eligible for a minimum of two years after the discharge date. This doesn't seem fair, but the only reasoning that I have ever heard from an Underwriter is that while you are still in the Chapter 13 you are being guided by the Trustee and unable to make poor decisions concerning new credit. Not sure that that is really true either, but I can tell you that this rule is in the FHA Guidelines (HUD Handbook, 4155.1 4.C.2.h).
Please feel free to call me and I will be happy to take a closer look at obtaining a Mortgage pre-approval for you.

Sincerely,
Jennifer Farmer
1st Signature Lending LLC
317-289-6099
NMLS# 137597
jfarmer@1stsl.com
... more
0 votes 5 answers Share Flag
Mon Jan 13, 2014
Itamar Cohen answered:
If you have a lease you can stay until the end of your lease. If you are on a Month to month you can leave at the end of the lease month
1 vote 1 answer Share Flag
Fri Oct 11, 2013
Avery Garrett answered:
Email me at soldbyavery@gmail.com or call 317-721-2274 and I can answer any questions you have, or meet you at this home for a tour.
0 votes 2 answers Share Flag
Mon Aug 12, 2013
Tori Myers answered:
Are you interested in seeing foreclosures in the Indianapolis area? I can show you! Email me @ tmyers@c21scheetz.com

Tori Myers
Realtor - CENTURY 21 Scheetz
(765) 434-2838
0 votes 5 answers Share Flag
Tue Jul 12, 2011
Shane Milne answered:
Without any income verification, probably looking at fairly high rates from a private or hard money lender. I'd start with local real estate investing groups. ex. http://www.cireia.org/

Do you have rental income? I can't imagine qualifying for a lower loan amount would take much income to do. You would have to figure in your primary housing expenses though.
... more
0 votes 1 answer Share Flag
Sun May 18, 2008
Eric Karrfalt answered:
Home sales are always market driven.Price, condition/location and time are the factors to consider. How you arrive at your sale is determined how these variables are manipulated. Think of a triangle, one point being price, another point being condition/location, the third being time. You want top price, better have great location, condition, and enough time to market it. Got bad location, better have great pricing and time to marlket. Want quick sale? Better have a low price and great condition/location. How you arrive at a sale is always a combination of these variables. I would ask what are your objectives? Do you want a quick sale? Do you want top dollar? Is your hame a model home, or does it need work? These are the questions you should be asking to determine if you have a realistic chance of selling your home. ... more
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