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60647 : Real Estate Advice

  • All66
  • Local Info6
  • Home Buying26
  • Home Selling5
  • Market Conditions0

Activity 59
Thu Nov 16, 2017
Susie Kay answered:
Be forewarned, there are a lot of misleading info on the internet. I would suggest that you work with a local realtor to assist you.
0 votes 1 answer Share Flag
Tue Nov 8, 2016
Angelica P answered:

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0 votes 1 answer Share Flag
Tue Jun 14, 2016
Christinabelle528 asked:
Sat Aug 22, 2015
Lanamee answered:
Freddie Mac owned properties are those which are owned by the Federal Home Loan Mortgage Corporation (FMLMC). When a homeowner becomes delinquent in their monthly mortgage payments, they are at risk of foreclosure. This causes Freddie Mac to repossess the home as they are the loan servicer of the property. ... more
1 vote 8 answers Share Flag
Tue Jun 16, 2015
Noah Seidenberg answered:
I agree with Alicia OToole and want to add that you have rights as a tenant. A lease is a legal document. If the new landlord wants to ask you if this is acceptable then he or she can but not tell you this is the way it is. ... more
0 votes 2 answers Share Flag
Tue Dec 23, 2014
This should not be a problem and this is not uncommon - as long as its not just one residential unit on top of 1 commercial space. 5% down would not be an issue as long as you qualify.
Please feel free to contact me should you need assistance
Sam Sharp
Senior VP of Mortgage Lending
Guaranteed Rate
773 290 0455
... more
0 votes 6 answers Share Flag
Fri Dec 12, 2014
Sue O'Kane answered:
No, but it helps though. It used to be that 20% down was the standard amount required. Nowadays, with the help of the FHA, you can put as little as 3% down. It all depends on your ability to borrow, which is dependent on your FICO score. ... more
0 votes 21 answers Share Flag
Thu Dec 11, 2014
Christy Starks answered:
Elevator's definitely add value and open the market considerably for more buyers. Opening into the unit can sometimes be considered a drawback depending on the access entry to the unit, though. ... more
0 votes 13 answers Share Flag
Tue Dec 9, 2014
Suzanne MacDowell answered:
Call the FHA supervisor and tell him what is going on. You can fire the contractor and find another one, it's not the ideal thing, but it can be done. I know they will give you an extension so you have the entire 12 months after that I am not sure, but the project manager/supervisor from FHA should be able to either get this guy to get the job done or help you find someone who will. ... more
0 votes 1 answer Share Flag
Mon Jul 14, 2014
Mike Opyd answered:
If the city finds out you may be in trouble. Most likely a monetary fine of some sort. Really depends on the property type, what its zoned for, what you did. Too many variables there to answer really. Bring a contractor through and have them answer this. ... more
0 votes 12 answers Share Flag
Fri Jul 11, 2014
BJ Tregoning answered:
Try contacting a lender for more information.
Ian Beamer
0 votes 17 answers Share Flag
Thu Jul 3, 2014
Jeff Nobleza answered:
I would be happy to refer you to set up some one on one interviews with builders I work with.
They both have spec homes they can walk you through. Give me a call

Jeff Nobleza
773 677 5340
Baird & Warner Real Estate
... more
0 votes 5 answers Share Flag
Mon May 12, 2014
BJ Tregoning answered:
I would love to help!
Bj Tregoning
Organic Realty
0 votes 9 answers Share Flag
Mon May 12, 2014
Rick Newnham answered:
It's not a bad idea to scout out an area, if you're not familiar with it, and rent to start out with. With the interest rates still so low and home prices starting to rise, you might want to consider a short term lease so you can take advantage of getting the best price now. By purchasing yourself you will become your own landlord, paying your own mortgage and not somebody else's. Good luck!!! ... more
0 votes 11 answers Share Flag
Thu May 8, 2014
Scott Newman answered:
It really depends on his income. Every $100K you borrow costs about $500/month give or take depending on rate and he should spend no more than a 1/3 of his pre-tax income on housing depending on what his other debts are.

As a simple example- if you want to buy a $200K home you're looking at $1K a month plus whatever taxes and maintenance ends up being (let's call it 300-1K depending on the state you live in).
... more
0 votes 16 answers Share Flag
Mon Mar 31, 2014
BJ Tregoning answered:
I would love to help!
Organic Realty
Bj Tregoning
0 votes 27 answers Share Flag
Wed Mar 26, 2014
Mike Opyd answered:
Depends on the lease you signed but typically there is a 60 day kick out clause that would give you 2 months to work with. Reach out to a Real Estate attorney and have them look through your lease for you. There may be options for you. Let me know fi you'd like a recommendation. ... more
0 votes 14 answers Share Flag
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