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Home Buying in 70116 : Real Estate Advice

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  • Home Buying2
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Activity 2
Tue Jan 24, 2017
Wayne Clark answered:
You should consult an Attorney. I'm not an attorney so I can't give legal advice. In some states its called Partition.
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Sun Aug 19, 2012
David Wagner answered:
I just saw this post. The Orleans Parish soft second will allow up to $10,000 toward closing costs and prepaids along with the soft second subsidy.

Normally, an FHA loan allows up to six percent closing costs and prepaids paid by the seller and a conventional allows up to three percent. Both of these are based on the lowest amount down payment required.

I saw that someone also mentioned HUD REOs limit it to three percent. This is also normally the case.

If you need more information, let me know!

David P Wagner, MURP
NMLS# 129994
Affiliated Bank Mortgage
(504) 656-6870
... more
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