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56071 : Real Estate Advice

  • All7
  • Local Info0
  • Home Buying4
  • Home Selling2
  • Market Conditions0

Activity 7
Fri Sep 1, 2017
rfarmer124 answered:
Well if you know the are multiple offers you can use an escalation clause and in that clause you can ask for satisfactory proof that there are other offers your competing with before the escalation clause kicks in....I mean you certainly can't see the offer price from the other people but it may give you some sort of reassurance ... more
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Thu Apr 2, 2015
Chris Block answered:
There is typically a confirmation email by the bank. Ask for it.

Good Luck!

~Chris
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Fri Feb 13, 2015
Yaw Anku answered:
For an updated list of FHA approved condos in Minneapolis checkout http://homebuyerwise.com/FHA-Approved-Condos/city/Minneapolis-MN_13062 for 24/7 access. Unfortunately the HUD site is down in evenings and on weekends when people need it most. Most other sites have data that is out of date. ... more
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Tue Jul 31, 2012
Ryan Bretzel answered:
There are really 2 ways, DELPAP or HRAP. The first is about 1-2 weeks and $500-1000 in fees and the second I believe is free but take about 6 weeks.
0 votes 8 answers Share Flag
Fri Apr 13, 2012
Patti Ann Kasper answered:
You could purchase it with Cash, a Conventional Mortgage, or it may be possible to get the Seller to give you a Contract for Deed. Even though you cannot get an FHA mortgage, there are other financing options. Contact a good Mortgage Broker they should have the widest range of available options. ... more
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Thu Feb 17, 2011
Rod Tietz answered:
I am not an attorney and this is not legal advice. Yes. The selling broker can ask if it is related to the same transaction. I don’t believe the lender or the buyer have to provide the information. However, it may be a term or condition for the purchase agreement and is a negotiable issue. The information in the second purchase agreement should only be shared with approval of the parties to that transaction.

If the request is not related to the primary transaction and somehow the selling broker knows the buyers lender is working on another unrelated transaction but the information would benefit the selling broker in the unrelated transaction, it would be unethical for the selling broker to ask and highly unlikely for confidentiality reasons the lender would provide the information.
... more
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Wed Aug 19, 2009
Dallas Texas answered:
It does not matter take as many as possible never know when 1st will fall thru, then other back up offers may have moved on with other homes with executed contracts.

National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
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