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85122 : Real Estate Advice

  • All9
  • Local Info2
  • Home Buying6
  • Home Selling1
  • Market Conditions0

Activity 9
Mon Jun 19, 2017
Michelle Fogarty asked:
The appraiser used a new home as a comparable and refused to use true comparables. Also, appraiser is VP of the HOA. Any advice?
0 votes 0 Answers Share Flag
Sat Dec 24, 2016
Scott Godzyk answered:
It is rare an auction is canceled once a date is set. Often the short sale dept and foreclosure dept are not working together but separate. You need to make sure you have a short sale negotiator who is right on top of it to pull it off.It can be done if they are good ... more
0 votes 1 answer Share Flag
Thu Feb 19, 2015
Jan Pickering answered:
Contact a local lender or better still, a lender referred by someone who has utilized their services in the past.
0 votes 9 answers Share Flag
Sat Feb 14, 2015
Kelly Pessis answered:
You can go to the local police department for the crime stats, go on line and look up the number and proximity of registered sex offenders (Megan's Law Offenders data base in California)and look at how the schools perform in the area. One of my favorite tools is a good ol fashioned walk around the neighborhood to speak with the neighbors. They will be surprisingly frank and tell you the good the bad and the ugly! Try walking around at different times and drive by neighborhood parks at different times of the day and note what you see.

Good luck!!
... more
0 votes 4 answers Share Flag
Fri May 17, 2013
BParker, CPA* answered:
Hi Aaron:

You may want to start by reading my blog on Trulia entitled "Credit Scores and Mortgage Interest Rates". Any additional questions and help getting pre-qualified is just a telephone call away (see contact information below).

Bill Parker, Loan Officer
AZ Lic# 09011570
NMLS #223607
CPA--Licensed, no longer practicing

GenCor Mortgage Inc.
15730 N. 83rd Way, Suite 103
Scottsdale, AZ 85260
(O) 480-525-8496, EXT 743; (M) 602-565-3646; (F) 480-436-5226
EM: BParker@GenCorMortgage.com
Website: www.GenCorMortgage.com
LinkedIn: www.linkedin.com/in/billparkercpa

MISSION STATEMENT: To create an unbelievably enjoyable experience for my clients, while guiding them through the most important financial transactions of their personal lives. My clients know me as their Mortgage Lender for Life. I truly appreciate your referrals.

If you think it's expensive to hire a professional to do the job, wait until you hire an amateur.
Red Adair, Oil well firefighter
... more
0 votes 5 answers Share Flag
Fri May 17, 2013
answered:
Good morning Soniaa,

We see many credit reports with low credit scores (anything less than 620), and often many scores in the 500's. This is BAD credit. If you are one of the folks affected by this terrible economy, you have a low credit score and you have a dream of buying a home, here's some simple advice for you.

It is unlikely you could be approved for mortgage financing with that credit score at this time.

Beware of any mortgage professionals promising you an approval with such a low score. Wait on buying a home. I recommend you take the time to resolve your credit issues.

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.
http://www.consumer-action.org/

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.
http://www.consumer.ftc.gov/articles/0058-credit-repair-how-help-yourself

The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

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

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
... more
0 votes 4 answers Share Flag
Sat Jan 7, 2012
Brad Bergamini answered:
I agree with Bill,
call an Attorney in Arizona. Arizona has unique foreclosure laws that might protect you as a home owner. Let us know if you need a referral. But do not sign anything in AZ without a AZ real estate attorney.
Best free advise you will get in a long time.
... more
0 votes 5 answers Share Flag
Sun Apr 17, 2011
Loren Hoboy answered:
To affect an exchange has it challenges, especially where a loan is required to complete the transaction in this market. To better help explore your options I would like to understand what you have and what you would like to acquire. We will want to explore the tax ramifications and other factors, This matter may be better handled on the phone. Please give me a call to discuss your options.

Loren Hoboy
623-688-0044
... more
0 votes 2 answers Share Flag
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