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Home Buying in 85254 : Real Estate Advice

  • All33
  • Local Info2
  • Home Buying18
  • Home Selling2
  • Market Conditions3

Activity 18
Thu Dec 15, 2016
EJ asked:
720 score, all other trade lines 100% perfect, 38% DTI, over 5y reserves. Estimated 675K loan.

Looking forward to seeing what options are out there now.
0 votes 0 Answers Share Flag
Sun Oct 9, 2016
Louise Knight answered:
You need to get the water and electricity turned on. You cannot properly inspect a property without utilities on. There could be plumbing issues although you are in a warm climate so frozen pipes not a concern. If you are willing to take full risk and buy without an inspection, that would be your choice but not recommended. You need to know what you are buying. ... more
0 votes 14 answers Share Flag
Mon Sep 19, 2016
Jim Walker answered:
Those who say you can are right.
Did the person who erroneously said you can't buy a foreclosure give a reason?
0 votes 2 answers Share Flag
Wed Sep 24, 2014
Bianca Bennett answered:
Were you able to purchase a new home? If you are still looking for assistance I can help you. Please let me know here is my email: or cell 602 570 7898
0 votes 16 answers Share Flag
Sun Mar 9, 2014
Lucinda Tkach answered:

You could get a 203k loan on a home. Contractor is paid at closing and home financed when repairs complete.

If you would like more details how these loans work I can set you up with the right lender.

Feel free to contact me direct. I have 10 years of experience with lender properties and distressed homes.

Sincerely, Lucinda
... more
0 votes 11 answers Share Flag
Sat Dec 14, 2013
Leigh-Jo Anzures answered:
Your home is automatically indexed by Trulia's system and uses Google street view to capture a photo.

Syan Real Estate
Call/Text: (505) 730-8181
New Mexico Real Estate: ... more
0 votes 6 answers Share Flag
Tue Nov 26, 2013
Craig Bosse answered:
We have a "2nd Chance" loan that would allow you to buy again right away. We offer loan amounts up to $4 Million. Competitive rates.

Let me know if you would like more info.. You can contact me at my website below- ... more
0 votes 6 answers Share Flag
Tue Nov 26, 2013
Bianca Bennett answered:
I know a great agent in ATL that can help you.
Contact me directly and I can provide you with their contact information.

Best Regards,

Real Estate Professional / Prestige Realty
Bianca Bennett / 602-570-7898
... more
0 votes 4 answers Share Flag
Tue Nov 26, 2013
Bianca Bennett answered:
Anywhere between 200 and 500+
Let me know if I can help!

Best Regards,

Real Estate Professional / Prestige Realty
Bianca Bennett / 602-570-7898
... more
0 votes 14 answers Share Flag
Fri Aug 23, 2013
scott farmer answered:
I would look at this as a practical matter. That is if you have your heart set on the area and an older home is the only option.

Look at the structural integrity of the home, what type of plumbing does it have (materials used), and what condition is the electrical in? What condition is the heating/cooling in?

i would then set aside moneys each month for unexpected repairs.

There are additional inspection techniques and tools that can be used such as optical cameras that can scope underground sewer lines for cracks or damage. Old wires might have been compromised by rodents. I've seen 20yr old homes with a 220 power cable eaten completely through by rodents. They ate the plastic casing.

Home inspections are usually considered "general" inspections. Meaning they dont look at every little thing. They are there to get a general sense of the condition of the home. That is why I would set up a repair fund for an older home.

Additionally, we also have a list of great handyman helpers if you would need one. They are very reasonably prices.

Bottom line: Get a respected home inspector that will give you a good idea of the general health of the home. Make sure you get the main systems of the home in good repair (roof, heating cooling, electrical, and foundation/structure). Have a home repair budget and/or update account. This type of account will also help you keep the home updated for a better resale value.

For more: 480-370-3214
... more
0 votes 8 answers Share Flag
Mon Aug 5, 2013
N Mark Kramoltz answered:
The legal side of this isn't pretty, as a "knew or should have known" standard generally applies.

The buyer has the burden of proof to show the seller had actual knowledge that the defect was material, and if repairs were attempted, that the seller knew the repairs were deficient.

Or if there was no actual knowledge, that under the circumstances any reasonable seller would know the defect was material, and if repairs were attempted, that the seller should have known the repairs were deficient.

Since most sellers aren't foundation specialists, and these problems are usually concealed by floor coverings, proving the above can be difficult. Being able to prove actual knowledge is often the key.

I can refer you to a attorney who does real estate litigation if you wish to pursue this further. Let me know.
... more
0 votes 13 answers Share Flag
Tue Jun 25, 2013
Fred Herman answered:
you mean you haven't received any reply???

how long has it been??? 3 day, 3 weeks, 3 months???

be guided by your Realtor.
0 votes 12 answers Share Flag
Sun Apr 14, 2013
jumbosource answered:
Short sale discharge min 2 year, must have 700 credit with clean history after short sale. 85% financing - up to 1mil loan amount.

Jumbo Mortgage Source
Specializing in 95% Jumbo loans
Serving home buyers in all 50 states
... more
0 votes 26 answers Share Flag
Thu Aug 23, 2012
Joshua Gayman answered:
0 votes 24 answers Share Flag
Wed May 4, 2011
Shelly Nemeth answered:
There are many factors to look at. 1. Are you good with money? 2. Can your money make you more money else were? 3. How long are you keeping this? 4. Do you need the cash flow? 5. Taxes??? If you're good with money it is always better to use other people’s money. If you have good credit. Were your buying has a lot to do with it also. I can sell you a home in AL. for 29k and get you a $700.00 a month return guaranteed. Our I can sell you one in AZ. you'll pay 60k it will be in the sticks and harder to rent and get you the same return about $700.00 a month and no guarantee so you need to invest with numbers not your heart! That’s people biggest mistake this is not for you! It is a numbers game. You will never loss if you remember that! I have 6 in Az. and even with how the market tanked, I did not lose a penny! Investing is numbers, not gambling you make money from the day you buy or you don't buy! Never bank on equity that’s a bonus! Shelly Nemeth 480-703-8860 I do wholesale all over the US.. ... more
0 votes 22 answers Share Flag
Sun Apr 26, 2009
Vickib12 answered:
possibly they will put you in a special forbearance which is for 3 months then they can accpet or deny your loan mod, be prepared to send copies off all your most intimant finacial issues, evry month for the next 6 months always most always they loose documents or sya they are not legible. but bank your money if they make jump through hoops and they will only send the required lower amount if accepted by both u and they and not a head of time to show good faith if it is last payment at the end of the month send it at the end by due date but not before, they are attempted to collect a debt not really work with you, I have been learning this r trition game they like to pull call your PMI get them involved they dont want a claim, and they have in's with your lendor that us poor joe's can't touch or get a hold of ... more
0 votes 5 answers Share Flag
Mon Mar 2, 2009
Donald Keys answered:
Daniel, I talked to my mortgage broker (20 years experience doing these type of loans) and here is his answer:

I have a lender that will go 80%ltv up to $1.5 million loan amounts. These loans are 3, 5 and 7 year arm products. Very good rates on their loans.

If you are interested in his contact information call me at 623-337-8965 Ext.1 and I will give it to you.

Thank you
... more
0 votes 7 answers Share Flag
Wed Mar 26, 2008
Jeff and Jane Daley answered:
We've been working with several banks on their REO inventory for over three years. Our experience suggests that you will not get much of a discount and typically none. In some cases you'll pay more for the property because it is priced agressively, it's location is good, and the house conforms to the general likes of the market. This usually places the home into a bidding situation where the bank will ask for a best and final offer from each party of interest. Your best approach is to find a property that your interested in and work with your agent to determine its market value. Determine any repairs needed and add that into you comp analysis. If the home meets your model beanchmarks jump on it before it's sold. ... more
0 votes 23 answers Share Flag
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