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46410 : Real Estate Advice

  • All32
  • Local Info2
  • Home Buying8
  • Home Selling2
  • Market Conditions0

Activity 26
Sat Jan 14, 2017
Simone Hair asked:
I was paying 95%of my rent while being on the program so now I am looking for a larger home. I would prefer not to live in Gary Hammond,or East Chicago. Based on my income,I am capable of…
0 votes 0 Answers Share Flag
Thu Jul 14, 2016
Neil Roxas answered:
Hello,

We’re excited you’re using Trulia for your home search process. We are a real estate search engine so we don't represent the homes found on our site. Please follow these steps to begin your home search:

1. Click the "Rent' tab at the top of our homepage.
2. Enter your desired city and state in the search bar and hit Enter.
3. Click 'Max Price' to select what your highest price would be to pay for a home. Click 'Min Price' to set the lowest price you would pay.
4. Click 'More Filters'.
5. Select your preferred property type, square footage, etc.
6. Click the red 'Apply' button.

This will begin to pull up listings that are more tailored to what you are looking for.

If you are interested in a listing, click on the "Contact the agent" button to get in touch with a real estate professional in your area. You can also take advantage of our vast network of agents here:

http://www.trulia.com/directory/

We hope your experience with Trulia is memorable and thank you for using Trulia for all your real estate needs.


Jeo
Consumer Care Advocate
... more
0 votes 3 answers Share Flag
Tue Aug 25, 2015
Amelia Robinette answered:
Sounds like you might be looking at different documents. I'm not familiar with your state documents, but here are the equivalents in my area

Exclusive Right to Represent Buyer - agreement between you and your buyer's agent and broker. This is usually where you'll see a Broker/Buyer Processing Fee, as well as the overall fee (commission) that you're paying the agent/broker. This should have been disclosed to you before your agent wrote up your contract. However, it often gets added to an offer when you find the right property.

This processing fee will be added to your closing costs and listed on your settlement statement as a charge to you, the buyer.

Sales Contract with Contingencies - if the seller is contributing to your closing costs, it would be on the Financing Contingency portion of the contract (again, not sure if your state is set up the same, so the form may have a different name or be incorporated into the overall contract), there is a clear spot for "Seller Contribution" or "Seller Subsidy" or "Seller Credit". If you don't see it in the actual sales contract, it means the seller is not paying any of your closing costs.

I believe your agent/broker are referring to 3% commission they'll receive for bringing the seller a buyer (you). So "technically" the seller is paying the commission, but unless they've specifically agreed to also give you a 'contribution, subsidy, credit', than you'll be paying the processing fee.

You should get this clarified and your agent should walk you through each aspect of all the paperwork - you're absolutely right to question this fee! You can ask for it to be waived.

Here's a link to a blog my broker wrote a while back re: admin/processing fees, should give you some more insight:
http://blog.franklyrealty.com/2007/02/395.html
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0 votes 1 answer Share Flag
Sat Jul 25, 2015
USMortgageRanger answered:
Hi Cynthia,

Your best bet is to speak with the folks at IHCDA and they provide down payment and closing cost assistance. http://www.in.gov/ihcda/2507.htm Good Luck.

My Office hours are 08:00 AM-08:00 PM Mon-Fri and Fri and Sat 08:00 AM-06:00 PM CST.

Lowell Sterling
Mortgage Banker
NMLS 968898
Capital One Bank
Phone (469) 315-1709
... more
0 votes 1 answer Share Flag
Fri Jun 26, 2015
wshaikh22 answered:
Have you found the place? Please contact me at wshaikh22@yahoo.com if still looking.

WS
0 votes 1 answer Share Flag
Fri Mar 13, 2015
Dan Tabit answered:
Darryl,

Rental scams are common here and on any site that allows the general public to post. Please be very cautious with deals that seem too good to be true. NEVER send money expecting keys back by mail. You can search the address in any search engine to see how the homes are advertised elsewhere. If one listing is much cheaper than other places, it's likely a scam.

Read the scam warning Trulia posts. I've attached a link to it below.

When you find a questionable listing please go to the More button on the listing and then hit the FLAG button on the listing page to warn Trulia and others or email it to Rentalfraud@Trulia.com.
... more
0 votes 1 answer Share Flag
Tue Mar 3, 2015
Noah Seidenberg answered:
You should work on cleaning up your FICA score with a credit repair specialist. Some lenders will help you in this way.
0 votes 3 answers Share Flag
Sat Dec 13, 2014
Dee M asked:
Hello. I am looking to move to the Merrillville, Indiana area by May of 2015 when my current lease is up. The problem is, everyone I contact is very negative and prejudice against the Section…
0 votes 0 Answers Share Flag
Tue Oct 21, 2014
Patrice Williams answered:
Hi I am looking for a 4 bedroom house for my family 2 bathroom rent with option to buy prefer area merrillville near saulk elementary school my score 654
0 votes 3 answers Share Flag
Fri Feb 14, 2014
Gary Allen answered:
You are within striking distance of qualifying for a mortgage. You can raise your score by focusing on the methods to increase your score. I have a contact who helps with this by advising what to do. Deposit this much in this account and don't touch it....apply for this gas card and use it this much and pay so and so. It is possible to raise a score by 50 points over 6-12 months!

If you are at 620 and make less than $72,000 you may qualify for a down payment assistance program that is FHA approved. Buy a home for 1/2 % plus closing costs. Pretty amazing!
... more
1 vote 3 answers Share Flag
Fri Jun 28, 2013
Global Real Estate Group, LLC answered:
Hello,
I just placed one renter in a nice home located in Crown Point, IN and another renter in a rent to own home located in Hammond. I will be more than happy to assist you as well. Please feel free to contact me. Thanks! ... more
0 votes 2 answers Share Flag
Tue Jun 25, 2013
wshaikh22 answered:
I have a two bedromm-2bath with Grage home for sale in Merrillvilee (south of 30 -near Crown Point). Nice living area and good size eat in kitchen. All appliances and washer and dryer included. Total square footage is 1464. Nice quite neighborhood. Please contact wshaikh22@yahoo.com. Asking price is $135,000 and I am willing to sell under rent to to own plan. Contact me wshaikh22@yahoo.com ... more
0 votes 3 answers Share Flag
Mon Apr 15, 2013
Patrick Echlin answered:
0 votes 2 answers Share Flag
Mon Apr 15, 2013
Joseph Roraff answered:
I'm sure there is financing available. Talk to local lenders in your area.
0 votes 3 answers Share Flag
Fri Feb 1, 2013
Jessica Kljajic answered:
You posted two of the same questions. See my respond on your previous question
0 votes 2 answers Share Flag
Mon Jan 21, 2013
K.C. Jones answered:
YES! I can help you with a FHA Loan...3.5% down with credit scores as low as 580. You'll be amazed at our rates too! Contact me - I would love to help you.

K.C. Jones
RH Lending

214-432-0486
kjones@rhlending.com
... more
0 votes 6 answers Share Flag
Fri Jun 15, 2012
Terry McCarley answered:
Your real estate agent will need to handle that for you.
0 votes 1 answer Share Flag
Thu Apr 19, 2012
Debbie Hemphill answered:
It is being handled by Kuno Real Estate, if the house your looking for is at 6126 Pennsylvania. It is a HUD owned property. It is curenly pending. It is a big brick house.
0 votes 2 answers Share Flag
Wed Jun 22, 2011
Dp2 answered:
Also, keep in mind that you might have other options even if you're not excited about the ones that your lender(s) would present.
0 votes 6 answers Share Flag
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