Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in Brooklyn Heights : Real Estate Advice

  • All73
  • Local Info4
  • Home Buying29
  • Home Selling4
  • Market Conditions4

Activity 29
Mon Oct 31, 2016
Allymariellc answered:
Hi Gloria, I'm an agent in Brooklyn with a ton of great listings...would love to help you find a place :) Ally 646 725 5007
0 votes 1 answer Share Flag
Mon Sep 22, 2014
Lior Raviv answered:
Hello Amy,

Yes your friend is correct you are going to need an attorney to represent you in your home purchase. Its in your best interest..
0 votes 13 answers Share Flag
Thu Feb 27, 2014
Mike Palmieri answered:
The condo complex must be approved by HUD first to be eligible.We can assist.
0 votes 5 answers Share Flag
Wed Nov 6, 2013
Michael Denniston answered:
Yes, you can buy a house again after bankruptcy. Besides making a cash purchase or obtaining a private mortgage (usually with high a high interest rate and large down payment). FHA is now allowing you to obtain a mortgage one year after bankruptcy, foreclosure or short sale. Previously, you had to wait as many as 4 years with some lenders depending on which one you were involved in. As with any program, you must meet all eligibility requirements and there are restrictions. This is not the forum to go through al the details. For more information, I can be reached directly at 917.699.0183 or

I value your opinion, Please hit best answer or thumbs up, if my replay was helpful. All the best.

Michael Denniston
Senior Mortgage Banker
NMLS# 24076
The Federal Savings Bank
Direct Lenders. All 50 States
... more
0 votes 6 answers Share Flag
Wed Nov 6, 2013
Jim Simms answered:
Especially then because there isn’t a lender in front of your equity that will fight to protect their mortgage position so you don’t get free legal assistance. If that isn’t convincing enough just ask yourself why do lenders require it at least up to their loan amount?

Jim Simms
NMLS # 6395
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. This answer is my personal opinion, has not been reviewed or approved by the company I work for. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.
... more
0 votes 6 answers Share Flag
Mon Nov 4, 2013
Bev West answered:
Work with your Realtor and have a market analysis completed and go from there. Always remember you run the risk of losing the property to another buyer if your offer is low especially in today's market. Visit my website for more info on buying a home. ... more
0 votes 5 answers Share Flag
Mon Nov 4, 2013
Bev West answered:
I would talk to a structural engineer or local builder to get that answer.
0 votes 2 answers Share Flag
Mon Nov 4, 2013
Bev West answered:
There is no rule but agents like to see that you are prequalified before looking and also courtesy to sellers knowing that you are qualified before they open their house up to "just look". ... more
0 votes 13 answers Share Flag
Fri Oct 11, 2013
Mcrina answered:
Fri Aug 23, 2013
Ron Lee answered:
A CDO is a Collateralized Debt Obligation so whoever holds that investment unless it was insured in such a case the insurer.
0 votes 2 answers Share Flag
Tue May 28, 2013
Trevor Curran answered:
Good morning pipjlowe,

First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.

Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.

I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website.

Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.

Trevor Curran
NMLS #40140
Mobile: 516-582-9181
Office: 516-829-2900
Fax: 516-829-2944
PowerHouse Solutions, Inc.
1010 Northern Blvd. Suite 234
Great Neck NY 11021
Licensed Mortgage Banker – NYS Dept. of Financial Services

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
... more
0 votes 3 answers Share Flag
Wed Apr 10, 2013
Artur Komov answered:
Put higher down payment on the house logicly more money you own on the house higher inshurance will be
0 votes 8 answers Share Flag
Mon Apr 8, 2013
Marge Bennett answered:
We use GE Supra in the Ft Myers, FL area. Smart phone is an option for opening. I like them because I can track everyone that goes into one of my listings.
1 vote 2 answers Share Flag
Tue Apr 2, 2013
Javier Meneses answered:
First thing is to identify the grants available to any particular buyer. This is a bit difficult because not all grants are known to all real estate professionals, so they're even less known to buyers. Still, it's best for buyers to ask their Realtor(s), Loan Officers and even attorneys in addition to doing their own research on which grants, if any, are available to them.

Each grant has their own requirements, and process for how buyers can apply. Most of these grants are designated for first time home-buyers who intend on purchasing a primary residence, and fall under a certain income bracket or specific townships or counties. Grants often come contingencies, mainly requiring that home-buyers live in the homes for a specific time frame, or the grants then become fully or partially payable back to the organization(s) who issued the grants.

If my response was helpful, consider clicking BEST ANSWER!

Javier Meneses
Senior Loan Officer
NMLS #23130
310 Crossways Park Drive
Woodbury, NY 11797
(516) 606-9648
... more
0 votes 1 answer Share Flag
Thu Mar 28, 2013
Keith Jean-Pierre answered:
Thank you for the best answer selection! Good luck with your home search.
0 votes 3 answers Share Flag
Mon Mar 18, 2013
Ann Zemaitis answered:
Well, I'll answer your question in a Brooklyn-centric manner, since it appears that's where you're from. While condo home owners' associations are the norm in places like Florida, in NY there is the condo board and the offering plan, which lays down the rules and functioning of the building for the most part. New ideas or rules are voted on. So don't worry, you'll be fine in NYC with no home owners association-- there's a condo board and if you want, you can usually find a place on it.

Want an agent who rebates you 10% of the commission at closing? That's me. For example, on a $500,000 property with 2.5% to my co., that's a $1,250 rebate.


Ann Zemaitis
Sr. Vice President
Rutenberg Realty
... more
1 vote 1 answer Share Flag
Sun Mar 17, 2013
Coldwell Banker Shayovitz Realty answered:
PMI is a mortgage insurance purchased from a private insurance Company, if the LTV is less than 80%. Required by Lenders.
0 votes 4 answers Share Flag
Sun Mar 17, 2013
Amy Sherman answered:
Sun Mar 17, 2013
Michael Richman answered:
Hi Erin,

Within 3 business days of applying for a mortgage loan, the lender must provide to you in writing a list of approximately how much your closing costs will be. The benefit to you is twofold:

First, you can use it to shop around, though I have never known anyone to do this since they get the estimate when they apply for the loan; and

Second, because of penalties written in to the law a couple of years ago, you are protected against unreasonable differences in the amount of the estimate and the actual final cost that you pay.

Michael Richman
Licensed Real Estate Associate Broker
KIAN Realty
450 7th Avenue Suite 1501
New York, NY 10123
212-757-8268 x220
... more
0 votes 10 answers Share Flag
Mon Mar 11, 2013
Irina Karan answered:
Hello Amy,

Federal Housing Authority.

In case you need an FHA loan, check out this info:

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
... more
0 votes 1 answer Share Flag
1 2
Search Advice