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Home Buying in 46226 : Real Estate Advice

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  • Home Buying8
  • Home Selling4
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Activity 8
Tue Oct 17, 2017
timyers66 asked:
Sat Apr 27, 2013
Jamelle Walker answered:
Rhonda,

Sometimes this depends on the bank. But as for recent transactions, foreclosed homes close faster. Is there a property that you are thinking about? I would be love to help you find this foreclosed home. Below you will see a link to my website. The website will allow you to look for foreclosed, Hud, short sale, and regular homes for sale. If you have any more questions, or you would like to see a property, feel free to contact me.

Jamelle Walker, Realtor
Keller Williams Realty
317-453-0917
... more
0 votes 12 answers Share Flag
Tue Oct 6, 2009
Craig Bartels answered:
Hi Rhonda,

Typically when the case has been assigned to someone at the bank, you are indeed correct, the process is moving along. Things typically start to move much faster when this has been completed and it's been assigned to someone. For example, my wife is working with Chase bank on a home we have listed for sale as a short sell. We got things assigned to someone at the bank about 2 weeks ago, we got our answer and it looks like we will have it closed and sold in the next 2-3 weeks or so. ... more
0 votes 4 answers Share Flag
Tue Oct 6, 2009
Craig Bartels answered:
honestly, most times it's the bank that is the hold up. We do 1-2 short sells each month for both buyers and sellers, and each bank is different. We have some banks that get things done in days, others take 4-5 weeks. It does help to have experience in dealing with banks, to know what they want, etc. Also, if you are working with the buyers agent, the buyer agent typically doesn't get to speak with the bank directly, as the bank is the listing agents client, so what he tells you is what he is being told by the listing agent...

I've had a few go on for 6-8 weeks before a response, so this is not out of the ordinary.
... more
0 votes 5 answers Share Flag
Fri Sep 18, 2009
Eric Karrfalt answered:
Did the buyers have their own agent, or did they use the listing agent? It makes a difference. Their own agent would be their buyers agent. If the list agent represented both parties, that would be a limited agency situation. If they had their own agent, the list agent or the bank really has no obligation to talk to anyone but their client, and would be breaching their fiducuiary duty if they did disclose anything of a confidential nature to you. Even if you can find the bank, find a contact number, find who the asset manager is, get them to pull the file, get them to review it, get them to forward it for review to their manager, get the managers number, get the manager to respond to your inquirey, you will then find out you need to be transfered to a different branch or passed on to another claims review case manager or something like that. If you get to that point, you might then find out, as I did once, that the processing had been farmed out to a third party. My instance was farmed out to a processing center in India. I then had to be transfered back to the North America operations and was finally put in touch with the top of the ladder. Keep in mind, this was the company whose listing I WAS REPRESENTING! I wish you luck chasing info down as a buyer who lost out. ... more
0 votes 20 answers Share Flag
Wed Sep 16, 2009
Eric Karrfalt answered:
The "golden rule". They have the gold, the house, they make the rules, or the terms they will accept. A listing is an offer to purchase. Even if you "offer" all their requests, the owner is not obligated to accept anything. Basic contract law here. Now speaking to why they would not accept your offer. Being a fannie mae repo, they may not have marketable title to the home yet. It sometimes happens they jump the gun and get it to market without having the legal capacity to transfer marketable title. ... more
0 votes 2 answers Share Flag
Thu Apr 30, 2009
Marita Topmiller answered:
Shirley,

The taxes for the home are $730.00 a half year, $1460.00 for a whole year.
The property has one $3000.00 mortgage exemption on it. The home is
936 sq ft. If you buy the home, you can then file a Homestead exemption which will lower the amount
of taxes due to about $322.00 a half or $644.00 per year.

I did not see it registered yet on the HUD site.

If you have any other questions, please feel free to send me an email.

Marita Topmiller
Assoc Broker/ Realtor
Indianapolis Area
... more
1 vote 1 answer Share Flag
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