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Bay View : Real Estate Advice

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Activity 6
Sat Dec 12, 2015
Amelia Robinette answered:
Yes loans work the same. The property must be livable with working systems, bathrooms and kitchen. If there's mold or the house is generally torn up, lenders probably will not give you a loan.

You should contact a realtor experienced with foreclosures, there is a lot more to buying them than just getting a loan. Many of the properties you see here listed as foreclosures are not available for purchase - an agent can find the 'real' ones for your.
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1 vote 1 answer Share Flag
Wed Nov 4, 2015
Ruth and Perry Mistry answered:
Sorry to hear of the issue.

What the buyer of your home is after, is a statement from the person who put up
the dry wall, whether the new wall was a show and tell.

Hence if a licensed contractor put it up, then you are covered.

If you put it up, then we get into a grey zone, that you put a dry wall to hide facts
and sadly will loose.

Inspections are great, but as they are not invasive , i.e. one does not drill a hole and drop
a fiber optic camera, as owner will generally not allow it, but inspections inspect show and tell.

A Mold inspection should have been done.

Also, if the new owner talks to your old neighbors there can be an issue if they say:

Hs and Kuhler always had water issues or we always had water issues in the nieghborhood, then you have a problem.

Good luck, may be get an attorney, or ask your agent.
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0 votes 2 answers Share Flag
Mon Jul 28, 2014
kellybaldwin44 asked:
Wed May 30, 2012
Linda S. Cefalu answered:
There are several loan programs that you should qualify for on a single family. I'm not sure why as a first-time home buyer you would want to saddle yourself with that responsibility. Your bank is going to look at overall income and it is still difficult to get financing on multi-families for first-time buyers. If you are considering this for an investment, I'd like to talk with you. I work in Greendale and the surrounding suburbs all the time. And I'd be happy to help. ... more
0 votes 6 answers Share Flag
Mon Jan 24, 2011
Jay answered:
Have you spoken with a Loan Officer? Maybe you're in a position to purchase a home right now. Do you have a 620 credit score and 3.5% down payment? Give me a call so I can ask you some questions. I'm located in Brookfield WI. 262-787-5080 ... more
0 votes 4 answers Share Flag
Wed Mar 3, 2010
Eric D Lenz answered:
The first answer hit the nail on the head. Talk to a tax accountant. Good answer Anna!
0 votes 3 answers Share Flag
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