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55014 : Real Estate Advice

  • All4
  • Local Info0
  • Home Buying2
  • Home Selling1
  • Market Conditions0

Activity 4
Tue Jan 9, 2018
Joshua Wiggins answered:
Is the question if you can buy the home or not?

Questions such as credit score, length of employment, income, additional debt, etc. need to be answered to answer the above question. I recommend Jake Walton at US Bank. He can give you an idea of what you qualify for in a loan, along with a number of loan options based on your specific situation. Here is a link to his page.

http://mortgage.usbank.com/jacob-walton-eagan-mn

Disclaimer: I am not associated with US Bank, nor do I receive compensation from them. He has done a great job with past clients of mine. My family has used him, as do I.
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Mon Sep 12, 2016
Angelica P answered:
Hello,

This data is provided to us from Zillow foreclosures and we currently do not have the ability to edit or remove the information that they are sending us.

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

http://www.trulia.com/help/ask/


Thank you for using Trulia!

Angelica
Consumer Care Advocate
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Thu Jun 14, 2012
Patti Ann Kasper answered:
That depends quite a bit on how much your soon to be ex is willing to cooperate.

If you are NOT behind on your payments and you have decent credit, this is a good time to refinance. However, you will need to be able to qualify for the loan on your own, but the rates are very low right now and one of my favorite loan officers tells me there is a fantastic deal from FHA right now that is very low cost.

If you are in a hardship situation and you cannot refinance, you may want to do a short sale. But you will need the complete cooperation of EVERYONE on the mortgage. Even if your ex quit claims the deed over to you as part of the divorce, the lender will demand their information and cooperation in a short sale.

A full foreclosure is the least attractive option, but it is an option. However, keep in mind that this can follow you for the rest of your life because every mortgage application will ask you "have you EVER had a foreclosure". And even with FHA, it will take a MINIMUM of 3 years (possibly longer) to qualify for another mortage.

Having said that, you may want to get the divorce completed before you take any action.
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