It really depends on why you want to get out of the contract. Most RE contracts have clauses that allow a buyer or seller to walk away from the transaction. If the buyer or seller walks away they could be subject to a lawsuit if the contract didn't allow for it.... more
We require 620 credit scores so we cannot help directly. I do know there are lenders that will do loans down to a 580 score. But the terms and down payment may be higher. It may be worth it for you to take the time to raise your score to 620 to get the best terms. I think you need to find an experienced lender, well reviewed, who earns your trust, and go through a pre-approval process to see exactly what you can do now with your current score, and then ask what they could do if your score was 620, and you can decide if you think its worth waiting. But a lot of times there are things on your credit report that got your score so low in the first place, like collections, judgments, liens, etc; that may have to be resolved with any lender, even one who will accept a score as low as yours. So waiting may end up being your best choice for several reasons. Please don't be in a rush to buy home, it's the worst mistake you can make. If you have a very low credit score you may have some serious credit issues, and buying a home may simply exacerbate a currently bad credit scenario. Good luck.... more
If you are looking at a home that may be going up for auction via a foreclosure, you can always check out the county sheriff's website to gain more information on the home. All counties in Ohio are now online as well. With a little extra effort, you can find out more details about the property. But for the most beneficial results, consult a Realtor. Agents have access to a lot of other data that you would waste time trying to find and compile. After all, we do this for a living ;-)... more
What do you mean by "partially completed garage?" Builders are not required to insulate and drywall any walls of the garage that are not shared with the house. It's standard that these walls are not finished. If this is what you are referring to you are probably out of luck, unless the contract specifically states that the entire garage will be finished.... more
To answer your question, since i have been in the mortgage industry, there is very little to no benefit of being a "1st time buyer" in any of the 8 states I am personally licensed to do business in.
Regardless of whether you are a 1st time homeowner or not, rates are at all time lows, and i have access to every program available on the market. If you would like hear more about which program might accomplish you and your families financial goals and best fits your current situation you can contact me directly and we can explore every option available to you (614)-754-2761... more
Hi Paul, There are many great communities the Columbus, Ohio area! If this is an option, let me know how I can assist you and your family! Call, text or email. Whichever is most convenient for you.
Just found this site so my response is very late. How did it go? When removing a borrower on an FHA Streamline, you must credit qualify, meaning you have to qualify on your own ( with your own income ). If you have not refinanced yet and can only do an FHA Streamline because you can't qualify for a 90% Conventional loan ( MI companies very restrictive these days ) I have good new and bad news. As of October 4th, the 2,700 FHA fee you mentioned ( UFMIP ) is now only 1 % or 1,170. The bad new is, your Monthly Mortgage Insurance premium ( MMI ) has increase from .50-.55 to .85-.90 depending on you original and or current loan balance to original appraised value/sales price. This means it will be a little cheaper in cost but your monthly payment will be greater then it would have been had you refinanced prior to the change. Just curious as to how you fared.... more
I searched the following area for your question. From Crooked MIll Rd to the W. to RT605 to the E. Havens Corner to the S. and Havens Rd to the N. There have been 4 sales in this area. Below is what I was able to gleam from those sales.
The price per/acre well depend mainly on " how much acreage" is for sale. In smaller acre sales , under 3 acres ready for development the price can be as high as 68K per acre. The most recent sale was April of this year for around 67k. Other sales of acreage of 5+ the average price was around 30K, but those sales were in 1999 and 2002. You can bet that the price has dropped at least 20% . So to answer your question. The price per/acre for smaller than 3 acres is going to be about 67K and around 5 or more acres at around 25k per/acre. Hope this has helped. If you want a copy of those sales just let me know. Be glad to provide them.... more