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36532 : Real Estate Advice

  • All20
  • Local Info5
  • Home Buying4
  • Home Selling3
  • Market Conditions0

Activity 14
Thu Jul 14, 2016
manchufuling asked:
Tue Jul 5, 2016
Angelica P answered:
Hi,

The photos have been removed from our display as you requested.

http://www.trulia.com/homes/Alabama/Fairhope/sold/316569-21163-Ayrshire-Ln-Fairhope-AL-36532

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
... more
0 votes 2 answers Share Flag
Fri Jun 3, 2016
Gigi4au answered:
I'm looking for a Mother-in-law suite to rent. I'm a retired RN. Not interested in having the whole home, just to rent the Suite !!
0 votes 5 answers Share Flag
Wed Feb 26, 2014
Debby Morici answered:
I'd love to help you. Please feel free to contact me through my Trulia profile.
0 votes 3 answers Share Flag
Tue Sep 3, 2013
DEDRA LIPSCOMB, GRI answered:
I agree with Jennifer - this question might be better in a survey. My team partner and I offer the services of a stager in our listing presentation; if the house and the owner appear to need it, we recommend it. ... more
0 votes 2 answers Share Flag
Sun Dec 2, 2012
Judyleglise answered:
My home is For Sale. www.1241Pencarroblvd.com South Foley. About 10 miles to the Beaches of Gulf Shores, Al.
0 votes 8 answers Share Flag
Mon Oct 29, 2012
Rodney Mason answered:
I do not suggest doing lease purchases. There are simply way too many things that can go wrong with one from either side.

In order to do true owner financing, the owner must own the property free and clear of any mortgages. Very few sellers are going to be in that position.

If the property currently has a mortgage on it, the owner cannot legally transfer the title to a buyer without the mortgage first being paid in full. Most all mortgage loans have a due on sale clause. This due on sale clause requires that the mortgage be paid in full should a title transfer occur.

The buyer is also at great risk on a lease purchase transaction should the seller quit making their mortgage payments. Right now, many sellers cannot afford to make their mortgage payments or simply chose not to continue making them. I have seen where the buyer is making their rent payment, but then the owner is not paying the mortgage. The next thing the buyer knows is that the home is in foreclosure. That means the buyer will generally not get back any of the money they have given as earnest money or security deposits.

It is also a big risk on the buyer. If your credit is not where it needs to be now, there is no possible way of you knowing it will be acceptable in a set amount of time.

Before entering into any type of agreement like that, the buyer needs to make sure that they fully understand the potential pitfalls that could arise. Should the seller default on the mortgage, the buyer could lose ALL of the money that they have invested. Until you are able to purchase, renting is generally the safer option.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing
... more
0 votes 2 answers Share Flag
Fri Oct 12, 2012
Larry Hunter answered:
Liz,
Most mortgage brokers do not count medical collections, unless they are of an amount over $1,000. It is strange his credit decreased by the amount you stated. I always look on a client credit report to see when the debt last reported, if the collection is old, it is worse to pay it off. The brueau treats it as a more recent debt. I will be glad to talk to him and see if I can make the deal work now or what he should do to reapply in 90 days.
251-990-5897
Larry
... more
0 votes 6 answers Share Flag
Wed Jul 4, 2012
Mary McNair answered:
In reviewing Q&As I found your post.

I agree with the general opinion of the other posts. Unless you are able to get a decent downpayment and do owner financing, you are setting yourself up for a lot of problems.

Have you sold your home yet? If not, I would appreciate an opportunity to assist you.

Please give me a call and tell me about your property. If you don't feel you can afford to list it, I'd at least like to come see it in case I get a buyer for a one-time-showing agreement.
... more
0 votes 11 answers Share Flag
Mon Jan 10, 2011
Robin Roberts answered:
Jill,

The Fairhope area has sidewalks, shopping, community events, and is the quaint little bay town like none other. Also it is very centralized from Mobile, Pensacola, and the beach. Gulf Shores and Orange Beach has great walking/bike trails and will give you the beach lifestyle, but does not have the small baytown atmosphere that Fairhope will give you. Are school districts of any concern? Insurance plays a big part also. The further you are from water the better your insurance rates will be. There is no city sales tax in Fairhope which adds up in groceries, etc. I have worked both the beach and the eastern shore for the past 5 years and no both markets extensively. I feel that you can get exactly what you want for less money in today's market and also take advantage of today's great interest rates. ... more
0 votes 6 answers Share Flag
Thu Jul 8, 2010
Sandra Harper answered:
There are a few. What price range? Size? Do you want to buy now? I have one MLS# 142874 . Go to www.harperrealtyonline.com. It is currently leased through May 2011 and you could be the new landlord until you need it for yourself. Sandra ... more
0 votes 6 answers Share Flag
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