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38135 : Real Estate Advice

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  • Local Info1
  • Home Buying6
  • Home Selling0
  • Market Conditions0

Activity 9
Mon Mar 27, 2017
Alan May answered:
A short sale is when you are selling for less than you owe the bank, and don't have the ability to bring the balance to the table when selling.

Hence, you're coming up "short".
0 votes 1 answer Share Flag
Sun Aug 31, 2014
Sally Grenier answered:
Nobody here can verify if a rental listing is legit or not. Unfortunately there is no way to police bogus listings. A good sign that it is NOT legit:

1. It's too good to be true.
2. You can't view the property in person.
3. You inquire about the property and you get a lengthy email back explaining how the owner is out of the country, doing "God's work".
4. They tell you to wire $$ and they promise to send you keys.
... more
1 vote 1 answer Share Flag
Sat Aug 9, 2014
Josh Barnett answered:
Put the interest on the market and sell it, depending on how the deed was written, it may not be marketable or able to be sold.
0 votes 5 answers Share Flag
Sat Aug 9, 2014
Josh Barnett answered:
Any of your local lenders can help, visit three of them on Monday and sleep on it.
0 votes 2 answers Share Flag
Tue Apr 29, 2014
Bailie Rhea Hodges-Marrero answered:
This is really going to depend on which lender you choose to go with. I know of some that will take as low as a 600.

I don't know much about the lending business in Southhaven,

I would suggest going to the top of the page (Find an Agent) and look for a realtor in your area.

They should be able to point you in the right direction.
... more
0 votes 1 answer Share Flag
Wed Nov 6, 2013
Layla El Said answered:
Contact me. I can connect you with an agent who is familiar with similar programs, and works with investors who will work with you. www.REMAXSUBURBAN.com
0 votes 2 answers Share Flag
Wed May 1, 2013
fasn8edbybond answered:
I'm in the same boat!
We signed an offer (Bank's asking price) the 2nd week of November, that was accepted by seller within 24 hours. We heard absolutely nothing until March 22nd-a counter offer for $10,000 more, which we immediately accepted. All required docs were uploaded to Equator by the 26th of March. To this date we've heard nothing from BofA and/or Fannie Mae. My agent does forward all info that the list agent gives him, but at this point the last correspondence I received (over a month ago) stated that LA had "escalated" the issue and has gotten no response -AND that we were pretty much at the "bank's mercy"...I know alot of agents say, "Not all short sales are the same, get back on the horse, and try again"...but at the end of it all you end up with NO HOUSE, AN ULCER, and 6 MONTHS WASTED TIME!!!

But cheer up, you may be in that LUCKY 15%, whose short sale offer actually gets a final written approval, and you actually close escrow before they tell you that the loan was sold off to Greentree, or worse-Nationstar!!!
... more
0 votes 4 answers Share Flag
Thu Oct 4, 2012
brodnax4586 answered:
Southwest Funding will finance with 580 but the lender has to shop your loan with a bank that's out of town .
0 votes 2 answers Share Flag
Tue May 24, 2011
Albert Lee answered:
Tabitha,

Lately, those scams been lurking around Mid-South for sometime.
Please refer to below contacts to report.


Important Alert
The Federal Bureau of Investigation has issued a consumer alert affecting real estate listings in a rental housing scam. Criminals are searching Web sites that list homes for sale. They take the information in those ads lock, stock and barrel and post it, with their own e-mail address, in an ad on Craigslist (without Craigslist's consent or knowledge) under the housing rentals category. The houses are almost always listed with below market rental rates. The listings may also be posted on other rental sites.
Potential renters might then be asked to fill out credit applications asking for personal information like credit history, social security numbers, and work history. Criminals can use this information to commit identity fraud and steal money from their victims.
Realtors are encouraged to check to see if their listings are appearing on any of the following sites:
- www.rentalhouses.com
- www.rentals.com
- www.memphis.craigslist.org/apa (try searching by address or zip code)
Agents may wish to consider signing up for Google Alerts (http://www.google.com/alerts) for each of their listings in order to get an e-mail anytime that address is posted on a Web site.
... more
1 vote 4 answers Share Flag
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