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02122 : Real Estate Advice

  • All24
  • Local Info1
  • Home Buying11
  • Home Selling5
  • Market Conditions1

Activity 20
Sat Aug 27, 2016
Vladimirudyak answered:
Yes... it's mandatory in every state for sellers agent to disclose any major problems discovered during previous inspections to new buyers.Especially in New York and Florida, where Annette practices. Can't believe that she calls herself professional yet doesn't know basic things in real estate ethical conduct. ... more
0 votes 29 answers Share Flag
Fri Aug 12, 2016
Kendratara answered:
The credit requirements for USDA rural development loans are highly flexible. While the USDA official guidelines state no particular credit score requirement, the lenders actually underwriting a rural home loan may ask for a credit score above 600. You should contact a USDA approved lender in your area to understand their required credit qualifications. ... more
1 vote 4 answers Share Flag
Thu Jul 28, 2016
Micreese asked:
I would like to buy a house for 250.000 but have 200.000 cash. Credit is bad 610.double to late payments on previous house. Is there any company that will finance me
0 votes 0 Answers Share Flag
Mon Mar 21, 2016
Louis Wolfson answered:
Guess my question is who showed the home to the appraiser? Was your agent aware and present at the time. It is not uncommon for buyers to have appraisals of a home that they have an interest in making an offer. This allows them to make an offer that they feel comfortable with. That does not mean you have to agree with the value. Some cash buyers do it as well, to confirm the value even though they may of made an offer "not subject to financing" At all times the seller and or their agent should be aware if someone is entering the property. However you can not stop someone from inspecting it from the outside and or if you have an open house at that time. ... more
0 votes 1 answer Share Flag
Thu Aug 20, 2015
Rick Baker answered:
I'm sorry you are going through this. Did you use New Mexico's standard P&S? I am a realtor in Massachusetts who also has a law degree. If you used the standard P&S in New Mexico, unless the buyer notified you (or your real estate agent or attorney) in writing that they were exercising the financing contingency, you should have a more than solid claim to keep the deposit paid by the buyer as damages. Even when there are no contingencies in the offer, such as an appraisal contingency, all buyers (besides cash buyers) will have the financing contingency in most standard P&S contracts. I would recommend you consult an attorney, if you haven't already done so, to get specific advice for your situation and P&S. Good luck. ... more
0 votes 3 answers Share Flag
Mon Aug 10, 2015
Austin Partain answered:
The agreement most likely had a mortgage contingency. Prior to providing the commitment, the lender will verify income again and if there are any changes, the buyer might not get the commitment. Therefore, they are still within contract and can get their deposit money back. ... more
0 votes 8 answers Share Flag
Fri Sep 19, 2014
Annette Lawrence answered:
Are you a licensed mold consultant?
Did your investigation determine if the mold was harmless or the much less common toxic?
There is mold in Florida that is harmless but unsightly. Is this the SERIOUS issue you saw?
In that capacity, did you submit official results of your finding in print?

OF course you are not and you did not.

I've had 'neighbors' walk into a house I was prepping with the most outlandish tales of resident ghosts, buried fuel tanks, buried motorcycles, buried cars and concealed fire damage. All were proven FALSE and were simply an exercise of those experiencing diminishing relevance. And you would be correct to know I did not forward these murmurings to any buyer. You can add to the list accusations the seller was not the owner, a estranged spouse, pending litigation, and the all time #1 false report, sink hole damage.

You contend that an unethical neighbor or buyer can sabotage a seller by simply FABRICATING stuff with the anticipation that even fabrications must be disclosed. It does not work that way.

Now, in the case you present. the most likely outcome of a CONFIRMED MOLD issue will be remediation and noted in the homeowner disclosure. The disclosure is not required to be shared until an offer is presented. A condition that no longer exists and presents no present harm, does not have to be posted on the front door.

And, as every agent will insist, the buyer must complete their due diligence and have the home inspected by a licensed professional.

It has always been my position that home owners should be able to sell their real estate in exactly the same manor as the banks. NO DISCLOSURE WHATSOEVER! In the current disclosure scenario, a seller must PROVE what they do not know. That is an impossible task.

The seller is highly likely to resolve this issue before the home is sold.

What did your agent advise?
... more
0 votes 1 answer Share Flag
Tue Jul 8, 2014
Everett Palozej answered:

If you need assistance in the process of looking for a new home, I would love to be of help to you! Please let me know, you can email me at or call me at (860) 716-1029. I look forward to hearing from you.

Everett Palozej
William Raveis Real Estate
... more
0 votes 1 answer Share Flag
Mon Jul 7, 2014
Samuel Rymer answered:
Yes you can, I've assisted many clients that had less than perfect credit and with the right mortgage professional you could be approved for a loan. Needless to say, your financial health would need to be in good condition in the remaining areas as well. I advise you find an mortgage professional that specializes in getting individuals with less than perfect credit approved. I have a few on speed dial and can point you in the right direction. Just let me know. My number 617-775-3074.
Good Luck!!!
... more
0 votes 20 answers Share Flag
Tue Jun 17, 2014
Michael Savas answered:
Barrybuba, i would check with your lender, it sounds like something else may have affected your loan. Unless the lender agreed to (in writing) refund your appraisal fee if and when your loan was denied, its very unlikely they will refund any monies. good luck. ... more
0 votes 18 answers Share Flag
Tue Jun 17, 2014
Michael Savas answered:
Tue Jan 7, 2014
Wes Robinson answered:
Thank you for all the answers. The offer in question was made the first day the house was on the market. The house went back on the market and two days later we had another offer that we closed on. So technically, the house was only on the market 3 days. Not bad. ... more
0 votes 21 answers Share Flag
Sat Nov 23, 2013
Heath Coker answered:
I would use a local rental professional to save time and money and also to make sure you don't miss a great rental.

(Please note: when you choose an answer as a Best Answer, or at least give a thumbs up, it helps those who answer questions here.) ... more
0 votes 5 answers Share Flag
Sat Nov 2, 2013
John Dean answered:
Sat Nov 2, 2013
John Dean answered:

What type of problem ? Our jobs are Realtors states we must disclose all that we know about a property. If there is a question the city building department or an attorney may be the best resource to help you with this question. ... more
0 votes 9 answers Share Flag
Fri Sep 28, 2012
Heath Coker answered:
I would ask a local bank that is close to the property.
If there is lots of equity in the property for the lender, you will have a better chance.

Local banks may have some programs that the national lenders do not.
Also, if this is for a mobile home (because the amount is so low), that is a special kind of loan.

(Please note: when you choose an answer as a Best Answer, or at least give a thumbs up, it helps those who answer questions here.)
... more
0 votes 7 answers Share Flag
Tue Oct 25, 2011
CH Naamad answered:
Thu Oct 21, 2010
RoostWise Team answered:
Yikes Michael and Thaddeus - this is an OLD e-mail notified me that a new answer was posted. November of 2008...
0 votes 9 answers Share Flag
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