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Home Buying in 85053 : Real Estate Advice

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  • Local Info0
  • Home Buying11
  • Home Selling1
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Activity 8
Fri Dec 18, 2015
Dan Tabit answered:
Kelli,
You and your new spouse would be buying the home from your ex and not refinancing. Why a lender wouldn't assist with this doesn't make sense if you qualify.
Finding an investor to do what you suggest has to make sense for the investor, which means that its going to cost you. You might be just as well off to start fresh in another place with your new spouse, sell this home and buy what you can afford together. ... more
0 votes 1 answer Share Flag
Mon Apr 6, 2015
laweagle answered:
You can apply for a loan mod while your home is for sale. I don't think it's a good idea - you're trying to straddle two incompatible choices. Better to decide now - keep the home or sell the home, not both.

Some lenders still require that you be in arrears while the loan mod is in process. I don't think stopping all payments is a good idea (my two cents).

First determine if you qualify for a loan mod. Some loans cannot be modified, and certain lenders do not modify loans. Caution: if you have equity, be aware that lenders have lied to their borrowers in the past while continuing a foreclosure, only to pull the rug out from under them at the last minute and foreclosure on the home.

If you're not in foreclosure, go ahead with the loan mod app. Worst thing they can do is say no. But don't let them tell you to stop paying or trying to sell - it puts you in worse shape with fewer options.

I'm a BK attorney in AZ and CA and I've had experience in this area for many years.

Good Luck!
... more
0 votes 11 answers Share Flag
Thu Mar 27, 2014
Bianca Bennett answered:
Here is more info about the property, unfortunately is no longer available. I can help you find outher similar property if you would like. Feel free to reach out!

Follow this link to see the page:

Click to view listing(s)
This link is valid until 4/26/2014.

Residential Real Estate Professional / Prestige Realty
Bianca Bennett / 602-570-7898
Bianca@InvestInArizonaHomes.com
Website: www.InvestInArizonaHomes.com
... more
0 votes 2 answers Share Flag
Sun Jul 14, 2013
Mario Micheli answered:
I can help you with the City-owned Neighborhood Stabilization Program. Up to $15,000 in assistance and no competition with investors. Give me a call to discuss.

Mario Micheli
Nextage Realty Professionals
480-440-0077
LinkedIn Profile: http://www.linkedin.com/in/hiremario
... more
0 votes 5 answers Share Flag
Sun Jul 14, 2013
Mario Micheli answered:
I work with a lender that can loan again the day after a short sale or foreclosure with 25% down, six months of reserves, and only a 600 FICO. Give me a call to discuss.

Mario Micheli
Nextage Realty Professionals
480-440-0077
LinkedIn Profile: http://www.linkedin.com/in/hiremario
... more
0 votes 5 answers Share Flag
Thu Oct 22, 2009
Mr.P answered:
Hello Patricia,

After speaking with your son whom said you were looking to purchase your current home from a friend, I would recommend that you pay for a appraisal, in which the appraiser actually walks through and measures the home, you also may want to consider a home inspection, that is really not a Land lease area however make sure

You can start looking here

ARIZONA BOARD OF APPRAISAL
1400 West Washington, Suite 360
Phoenix, Arizona 85007
(602)542-1539 FAX (602)542-1598
Web Site: www.appraisal.state.az.us

Now don`t get cheap on your investment, spend the 3 or 4 hundred, it could save you a bundle.


Good Luck
Patrick
480-543-9899
... more
0 votes 5 answers Share Flag
Mon May 11, 2009
Cathey East answered:
There's really not much that you, as the buyer can do right now. I would suggest communication with your agent regarding the status and what he/she is getting from the listing agent as to any communication with the lenders.

You have every right to expect your agent to be in frequent communication with the listing agent and to be updating you on a regular basis. Your agent has every right to expect the listing agent to be in frequent communication with the lenders and title company and to be updating your agent on a regular basis.

It is IMPERATIVE in a short sale situation that there is good communication between all involved parties. Lenders do not always cooperate with responses to the listing agent, but the listing agent certainly should be doing his/her best to stay on top of things and communicating this to your agent, who in turn, should be keeping you informed.

Short sales can certainly try your patience as a buyer, but the rewards really can be worth it. They can also be a blessing--you don't have as much competition for the property as you do with a lender-owned and you can often get a great deal on a good property. If this is the house you want, just hang in there and try to keep a positive outlook.

This too, shall pass and at some point, you will be enjoying the home you really want.
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0 votes 10 answers Share Flag
Sun Jan 25, 2009
Paul Welden answered:
Hi Cynthia,

This home is actively marketed for sale with a current listed price of $114,900. It's a bank owned home.

The inaccurate information you received about it being a phantom listing is a perfect example of why you'll be best served by working with a Buyer's Agent. Also, certain homes may not qualify for the type of loan you may get for your home because of their condition, chain of ownership, etc. So, allow a Buyer's Agent to help you & you'll have all the information you need.

---
PAUL WELDEN
Buyer's Agent
HomeSmart
... more
0 votes 7 answers Share Flag
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