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92679 : Real Estate Advice

  • All15
  • Local Info3
  • Home Buying5
  • Home Selling1
  • Market Conditions0

Activity 12
Wed Oct 12, 2016
Arpad Racz answered:
Tue Sep 20, 2016
John Burke answered:
Hi Fatima,

Yes, the GFE includes all closing costs & the down payment but it does not show any credits like seller concessions or lender credits towards your closing costs.

Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.

Please feel free to contact me for more information or help.

John Burke
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
Apply Online:
NMLS# 787231
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0 votes 2 answers Share Flag
Wed Jul 20, 2016
hasseba ferguson asked:
AddWe are first time buyer but we are looking for forclosed bank owned home only Not a short sale .. My husnand we can afford a marogate including HOA for 3000 a month total

0 votes 0 Answers Share Flag
Fri May 30, 2014
Sam Shueh answered:
HUD-1 estimated cost is what you need for closing. It is a starting point.
After escrow the pennies and dimes are adjusted.
0 votes 6 answers Share Flag
Sat Jun 29, 2013
Jill Murty answered:
It could be about mismanagement of funds. Sometimes, boards will approve costs without doing enough research into whether or not what is being proposed is reasonable or makes sense. I know of a situation where an HOA was charged $550.00 for an anti-siphon valve and the board was about to let it sail through. One board member stopped it and said the charge was far too much. If enough inflated charges get through, it can really have an impact. Unfortunately, some people think it's best or easier to raise dues rather than spending money responsibly. ... more
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Tue Feb 26, 2013
Cristian Caranica answered:
Here is a link to help you understand the process of AITD
0 votes 7 answers Share Flag
Tue Mar 20, 2012
Ingrid Ski Realtor answered:

Irvine is a great city and Coto De Caza is a great city What is the reason you want to move from Irvine to Coto? This maybe a good decision for you Would want ro talk withyou about your reasons and what is available on the market and if you are selling your place or leasing

Ingrid Ski Realtoe
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0 votes 16 answers Share Flag
Thu Feb 16, 2012
On that mortgage if I were locking it this morning your total funds to close if your credit score is between 640-680 is $24549 which includes a full month's payment. So if you closed it at the end of the Feb 28 the amount needed is $23,076.

If your score is 680 or better I could probably close the loan with $20367.

This numbers include the down payment requirement of $17325.

I hope that helps. You should know that I am using my own company figures and on FHA loans we pretty much are the best out there, we are clearly much less expensive. It sounds like they made a mistake on the figures, I am confused though as it sounds like the still do not have them correct. If you are getting a rebate where are all of the other costs coming from?
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Fri Jul 8, 2011
Karen Parsons Fiddler answered:

I would also suggest your friend chat with an attorney. There is such a things as adverse possession...and an attorney can help them determine the best course of action.

0 votes 4 answers Share Flag
Thu May 12, 2011
Cathy Bureau answered:
Get The max for FHA is $350,000. For a conventional loan you will have tput down 20% to avoid private mortgage insurance. If you can put 10% down then you can get a 2nd loa for the other 10%. Good luck! ... more
0 votes 20 answers Share Flag
Tue Mar 16, 2010
Jeri Creson answered:
It's important that you speak with an attorney, as my fine compatriots have stated. That being said, there are a few factoids...issues to be aware of and look at as they may or may not have bearing on your situation. First, if you have a bonafide lease, and it sounds as if you do, since you made it in good faith, and were not in "cahoots" with your landlord to defraud the bank, you would fall under the new protection of the legislation passed called, "Helping Families Save Their Home Act". The link to this legislation is below. In a nutshell, the bank must honor your lease if, in fact, the property is foreclosed upon.

Your landlord may actually have proactively taken action to protect your rights, and his position. By having an executed bonafide lease in place, his lender may very well be disinclined to take sudden and aggressive action against him in foreclosure, and may be more apt to consider a work out program to avoid foreclosure. Since the bank would have to take your home back, subject to your lease, and therefore would have to either hold the home - possibly using a court appointed receiver for the rents, or at the minimum, incur additional costs and liability for managing a rental vs a vacant house - or barring that would have to sell to an investor for significantly less than fair market value in order to find someone willing to take the risk of eviction on - the bank has far more incentive to work with your landord.

I suggest that you speak to your landlord. Consider the possiblity that he is actually helping you, and see if you can be a good team here to help both of your causes.
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