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75238 : Real Estate Advice

  • All18
  • Local Info0
  • Home Buying10
  • Home Selling1
  • Market Conditions0

Activity 13
Wed Nov 30, 2016
Susie Kay answered:
What's your question? If you have an agreement with your lender that another appraisal is needed after closing and after you fixed the plumbing then so be it.
0 votes 1 answer Share Flag
Tue Nov 8, 2016
Susie Kay answered:
Fri Jul 22, 2016
Diane Burnett answered:
I am selling my home. The buyer is going through FHA. The inspection was completed with minor repairs. All the repairs have been done. The appraisal has been completed. What is next? How long should it take to get a closing date at this point. ... more
0 votes 13 answers Share Flag
Tue May 26, 2015
Pina Shaw answered:
I personally think that would look really lovely. You want all the tones to match/coordinate. I think I would not do anymore than three types of flooring, if you do it will look too busy!

All the best!

Pina Shaw
HomeSmart Realty West
BRE# 01361295
760 473-1227
... more
0 votes 16 answers Share Flag
Mon Oct 14, 2013
Jason Todd answered:
No probably not because even if the property can't be sold these services have still been performed. I would contact a real estate attorney though for more clarification.
0 votes 11 answers Share Flag
Sat Aug 31, 2013
Maria Cipollone answered:
FHA has new regulation related with these matter. Depending on each case, but now you can be able to get a mortgage loan after 12 months of consecutive payments on time and providing that you have a good letter of explanation of the circumstances that force you to be in that situation.

Shop around for a mortgage broker, they have access to many banks, private lenders and many different programs.

All the best,

Maria Cipollone
... more
0 votes 11 answers Share Flag
Mon May 6, 2013
Bruce Lynn answered:
There can be a number of reasons.
1. The listing is flagged NO to allow internet in the MLS.
2. MLS is not linked to Trulia.
3. The link is there it just missed the feed.
4. Your agent hasn't entered it manually into Trulia.

Ask your agent to check for you.
... more
0 votes 5 answers Share Flag
Wed Dec 5, 2012
Bruce Lynn answered:
Sure lots of things can go wrong.
If you haven't signed a contract yet, call me before you do.

Here are some of the things I've seen go wrong.

You can search Dallas new homes at the link below.
... more
0 votes 7 answers Share Flag
Thu Sep 27, 2012
Bad? No. Better course of action, IMHO: work with a Local Mortgage Banker. Direct Lenders are much better sources of mortgage financing solutions. Your Mortgage Banker is Licensed and works directly with the Underwriter to provide better quality service and knowledge of Underwriting criteria.

A mortgage broker is a middleman. Your Mortgage Banker is the source.

Trevor Curran
NMLS #40140
... more
0 votes 14 answers Share Flag
Thu Mar 15, 2012
The Realtors will need to address the issue of the keys. However, I would suggest getting an extension of the contract signed before you get on the road to Florida. Did the appraiser actually visit your home on the 13th? Since we don't know the date your contract was signed by all parties, it's hard for us to say whether or not the 19th was a reasonable date for closing.
Barbara Coker
Licensed Mortgage Loan Officer
100% Home Loans All Over Texas!
... more
0 votes 6 answers Share Flag
Sat Jul 9, 2011
Ron Thomas answered:
My gut feeling is that they are requesting the new Appraisal becuase it has been too long since the last:

You didn't say, but, by chance, is this a Shortsale; which takes a long, long time, sometimes.

We have your Bank, and the Seller and possibly the Bank that owns the property;
and you choose to blame your Agent?
She volunteered to pay for it without asking you, it sounds like she deserves some lattitude.
Maybe she wants to change clients?

Good luck and may God bless
... more
0 votes 5 answers Share Flag
Sat Jul 9, 2011
Jack Gillis answered:
To be accurate, more information is needed. FHA does not usually allow for a "credit" for repairs to be completed after closing, these days are gone. In today's environment, FHA, if you are doing a 203b loan, will usually allow for "escrowed repairs" up to $5,000; in other words, the seller deposits the money in escrow at closing, the repairs are completed, the lender performs an inspection approving the repairs, and then the escrow agent pays the approved contractor invoices. If it is a 203k loan then additional criteria, and usually higher credit scores, are required. In short, you cannot get a credit for $3,600 from the seller and walk-away from closing with the cash.

Keep in mind that if the appraiser notes these unrepaired conditions on the appraisal then the repairs must be completed prior to closing or you must go the "escrowed repair" route described above.

Jack Gillis, M.B.A., J.D.
Nathan Grace Real Estate
5619 Dyer Street | Suite 100
Dallas, TX 75206
Cell: 214.718.4910
Fax: 469.854.0673
... more
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