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Dale : Real Estate Advice

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  • Home Buying4
  • Home Selling0
  • Market Conditions1

Activity 10
Sat May 7, 2016
Ritamedina797 asked:
Thu Apr 21, 2016
David Harbour asked:
While this is my only source of income, I pay $520 a month in rent, however, my other expenses are quite minimal.
0 votes 0 Answers Share Flag
Sun Aug 16, 2015
Sandra Miller asked:
Mon Jun 30, 2014
Al Dos Santos answered:
Polonia Water Corporatioin
0 votes 2 answers Share Flag
Sun Mar 30, 2014
Annette Lawrence answered:
You needed to ask this question two years and one day ago.
What ever the tactics are, you are committed to them

You indicated this owner has financed some of your neighbors also. This MIGHT be your lucky day.
But you will need to do your homework.

Read my Trulia blog titled something like "Rent to own, are they real?"
Based on the 'eight-ball' the lender is now behind, you may find yourself in the drivers seat.
Time to take your finding to an attorney.
What we are talking about here is the Dobbs - Franks Consumer Protection Act.

Best of success to you.
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Sat Jan 4, 2014
Brad Pike asked:
This question was asked from…
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Thu Dec 6, 2012
Michelle Harmon answered:
Fri Dec 11, 2009
Agoodgurl answered:
Hello All...just an update. We closed on this property this week. We took all of your advice and did seek professional advice. We also interviewed different loan officers from different banks, credit unions, and various mortgage companies. With a more informed and educated approach we went with our own bank with a USDA 30 yr fixed at 5.35%. We bought the house for $40k below asking. Then we appraised about $15k above the selling price, and the owner made the necessary repairs after we obtained the home inspection, although contract was for "as is". Looking back, we are first grateful to the seller for riding out this storm (recession and housing bust) with us for over a year. And, then we were very fortunate to have a loan officer with nerves of steel! Underwriting took us through many ups and downs once we were approved by the bank. Frankly, this was the only process that made us wish we had a Realtor, and the only reason we didn't use one was that we felt confident we were getting what we were asking, and then some. Oh, the only other thing that stressed us out, was the contractors the seller had making the repairs. If they showed up, the workmanship was questionable, and one group even stole a couple of our circuit breakers. With the prospected buyers living in the property it was hard to keep telling the seller, "The work is all done". So, after a few more incidents the seller allowed us to choose our own contractors. It was a relief to have that part over.

We will definitely use a Realtor on our next investment. This was just an unusual circumstance that turned out to be a blessing for us.


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Fri Dec 11, 2009
Anna M Brocco answered:
Why not consult with any qualified loan officer (s) first; see exactly what your budget can handle; ask for your credit score and take it from there--when you choose the loan officer you're most comfortable with ask for a mortgage pre-approval letter--it will make your life easier once you find "the property" of choice.

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