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60707 : Real Estate Advice

  • All22
  • Local Info1
  • Home Buying11
  • Home Selling1
  • Market Conditions0

Activity 16
Sat Apr 11, 2015
Joey Chiappetta answered:
Banks take notoriously long to respond with fully executed contracts in my experience. I have waited up to three weeks for a bank to get a signed contract back. While it is certainly legal for them to entertain or accept another offer during this time, I have never seen it happen. They are most likely working through the bureaucratic process of getting signatures on your contract. I would have your agent be in constant contact with the listing agent for updates. It can be excruciating but the path is well worth it when you end up with a property at under market value. Best of luck! ... more
0 votes 3 answers Share Flag
Thu Apr 9, 2015
Noah Seidenberg answered:
Yes it is. Do you have a Realtor? You need someone who will be keeping an eye on the multiple listing service for you and letting you about what they find.
0 votes 10 answers Share Flag
Sat May 10, 2014
Scott Newman answered:
There are laws in place with mandate your right to make modifications to accommodate your family. Where are you looking to rent? I may be able to help or at least make a referral.
0 votes 3 answers Share Flag
Wed Nov 20, 2013
Jorge Vega answered:

If have already tried refinancing with the lean holder then there is nothing else you can do. Keep checking in with them on a regular basis, conditions change and they might be able to help you in the future. ... more
0 votes 8 answers Share Flag
Tue Sep 4, 2012
Steve Wright answered:
I agree with everyone here and do not disagree. Just wanted to point out If it were me in the same situation I would pay my attorney to do if or me. (And not do it myself). I would feel comfortable that everything is as it should be. If I would hire an attorney in the same situation, I for sure recommend you hire an attorney to do this for you. Even though it is a simple procedure and shoult not be expensive.


Steve Wright
Rising Realty
... more
0 votes 9 answers Share Flag
Fri Jul 27, 2012
Bill J Deligiannis answered:
Are the stairs your responsibility or the associations?
0 votes 4 answers Share Flag
Fri Jul 13, 2012
Nicholas S Nelson answered:
Good Morning Claudia,

Your situation is very common today and does not put you out of the home buying process. Your debt ratio would be calculated based on your total liabilities (monthly payments on student loans, credit cards, car loans.... as well as the mortgage payment for your new home including principal, interest, property taxes, homeowners insurance and monthly mortgage insurance) divided by your gross monthly income.

There are also great programs out there for first time home buyers and interest rates are the lowest they have been in years.

I would recommend you speak to a experienced mortgage lender who can guide you thru the process and find out how much home you can afford. I have over 15 years of lending experience and the knowledge to find the best mortgage products to fit your needs. Please contact me at the below email or phone number with any questions or if you want to start the preapproval process.

Good luck to you!


Nick Nelson (NMLS #384413)
1st Step Mortgage Group, Inc.
6876 Spring Creek Rd. Suite 124
Rockford, IL. 61114
... more
0 votes 17 answers Share Flag
Tue Jul 10, 2012
Terry Perdue answered:
All of the agents here have given you great responses. Get preapproved. Find a home. Move in. If you need to speak with anyone personally please feel free to contact me or any other agent of your choice a call. Regards, ... more
0 votes 25 answers Share Flag
Mon Jan 2, 2012
Bill J Deligiannis answered:
I work with some very competent attorneys who really know their stuff. Feel free to contact me.
0 votes 4 answers Share Flag
Tue Sep 7, 2010
David Hanna answered:
Fri Aug 27, 2010
Thomas Tolbert answered:
Getting pre approval should definitely be your first step! Pre-approval will help you determine how much house you can afford and what loan options are right for you. Before you begin looking at houses I suggest you find a buyer's agent to look out for your best interests and guide you through the home buying process from the beginning. Good Luck in your home search! ... more
0 votes 17 answers Share Flag
Sun Aug 22, 2010
Violet Migone answered:
If you are working with a buyer agent they can verify with the assosiation !Good luck in your purchase!
0 votes 3 answers Share Flag
Mon May 24, 2010
Chimomo3 answered:
Can you give us an update? We are scheduled to close on an REO soon as well. We needed the water to be turned on as well but now the home was vandalized and copper pipes have been stripped. What a headache! ... more
0 votes 11 answers Share Flag
Wed Jul 15, 2009
Jacek answered:
Fix it. Painting is not really complicated job and you can do it easily. Fixing concrete?. Probably you should use special mix with vinyl? inside - special for very thin applications so is going stick well to old concrete. of course use hammer to clean/ make the existing surface little bit rough so is going stick well. Any particulars about concrete you can easily learn from available handyman books. If you are not going do that you are going of course loose the money you already invested in appraisal etc. Plus you are not going get the house. Finding inexpensive house suitable for FHA financing is quite a challenge. In my area (northwest Chicago) In my estimate below 200k there is about 1% of homes suitable for FHA or with small repairs needed. The rest are ruins owned by banks. Cash Construction loans only. Typically with mold in the basements, sometimes missing furnaces, damaged wood floors due to the moisture in unheated house etc.
It think you may be really lucky to have opportunity to get this house with your financing. I have had in past few months several customer doing extensive repairs before the appraiser visit. With few $K in repairs invested in a house they do not own this is nerve wrecking but only way to get such house. If the house is in perfect condition there is usually quite few buyers competing and raising the prices, so actually I see such small repairs as a blessing - It keeps competition away.
... more
0 votes 5 answers Share Flag
Fri Oct 26, 2007
Emily Erekuff answered:
Hi Theresa,

Please access the link below and see my answer to that question. If you are the home-seller you can forward the information to your Realtor so he/she can submit your listing to Trulia.

Best Wishes,

Emily Gibson
Customer Service Representative
... more
0 votes 2 answers Share Flag
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