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Home Buying in Aloma : Real Estate Advice

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Activity 8
Fri Jan 15, 2016
Mark LeMenager answered:
Get hooked up with a local agent and have them set up Matrix portal for you. Click on my picture and contact me if you need some help.
0 votes 1 answer Share Flag
Tue Mar 17, 2015
Gene Neal answered:
AS long as your score is over 550 you can qualify for an FHA loan. If you are over 580 then it's a little bit easier. When you have a free moment don't hesitate to reach me via Trulia or read my reivews on Zillow. ... more
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Fri Jan 4, 2013
john lacko answered:
Is your son looking to stay in the area after school? or a couple of buyers of mine bought with the idea after the kids move out, they would use it to be "snowbirds" .....then i would say yes. ... more
0 votes 12 answers Share Flag
Fri Jan 4, 2013
john lacko answered:
I work with alot of first time home buyers, and understands that it is a big choice.
But owning your own home is a wonderful feeling.
House, Townhouse or Condo....whatever you choose will be the right choice.

I will be happy to email you, some listings if you wish.

Jonathan Lacko Realtor/Broker
Winter Park Real Estate Company
... more
0 votes 6 answers Share Flag
Fri Jun 29, 2012
Tim Moore answered:
I am sure there are, Why do you want to know?
0 votes 1 answer Share Flag
Fri Apr 8, 2011
Jan Bowman answered:
There are three areas to look for answers. Begin with your lease agreement. Certainly you should be responsible until it subleased or perhaps you can find a suitable sub lessee. After looking at your lease agreement to see the remedies available there, While your landlord may be in a good position in terms of collecting the lease, he/she is also in a weakened position since the unit is for sale as a short sale. In most states your lease will carry through the short sale, If your landlord is forced into bankruptcy in many states the lease is also terminated. CHECK WITH YOUR ATTORNEY. I do believe a strong case can be made for a shorter term buy out as the landlord doesn't seem to be in a position to guarantee full delivery of the terms of the lease. Certainly you owe the lease, and certainly you would not want to pay for something in advance that may not be deliverable.

Jack
... more
0 votes 4 answers Share Flag
Mon Mar 2, 2009
Jacqueline Clarke answered:
Hi Uma,

The first step in this process is to get prequalified. Loans for a condo or townhome may be difficult to obtain at this time. Banks consider condos and townhomes high risk. If you really want to purchase or condo, please try to find out how many homeowners live in the complex vs how many renters. Banks look at this ratio - it's called investor concentration. The more investors or renters, the more difficult it will be to obtain financing.

You can overcome this if you have excellent credit and approximately 10-20% down.

On the other hand, if you are interested in purchasing a single family residence, you may qualify for an FHA or conventional loan. FHA rates are very competitve. You can use an FHA loan to obtain a fixer-upper or foreclosure. You're not limited to existing homes.

Feel free to contact me for a fast, free prequalification.

Best of luck,
Jacqueline Clarke
Down Payment Assistance Specialist
Enterprise Mortgage Group
Winter Park, FL
Direct: 407-739-3853
Email: jclarke@enterprisemortgagegroup.com
... more
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