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Home Buying in Greenwood : Real Estate Advice

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  • Home Buying21
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Activity 26
Sun Jun 12, 2016
Bencferg asked:
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This question was asked from this property: http://www.trulia.com/foreclosure/3208769111-807-Orchard-Ln-Greenwood-IN-46142#photo-6
0 votes 0 Answers Share Flag
Thu Mar 3, 2016
Karen Peyton answered:
From a lender's perspective, bankruptcy and foreclosure are serious financial mistakes. They want higher interest rates because "history" says you are a tremendous risk. For risk, they want reward. It's really that simple.

Two years from the finalization of the last event - bankruptcy or foreclosure is the time to speak with a lender about a mortgage. Hopefully by then you'll have something put away for a down payment. If you can't pay less, you will have to earn more.

For now the question is, what you have done to re-establish your credit? If nothing, I suggest beginning a dialogue with a lender "now" to find out how to increase your credit scores.

Good luck!
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0 votes 1 answer Share Flag
Sat Oct 17, 2015
Karen Peyton answered:
With "not so hot" credit and inability to document income, the only way to purchase a home is cash.
If you don't have it and family/friends cannot help, you will need to do three things...document your income through bank deposits, improve your credit by paying "on time - every time," and save money for your down payment and closing costs if you haven't already done so.

You will be able to buy. Just not today.

Best of luck to you!

K.
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1 vote 1 answer Share Flag
Thu Jul 23, 2015
Sherri Anderson answered:
0 votes 1 answer Share Flag
Thu Jul 16, 2015
Ruth and Perry Mistry answered:
Start with your bank and ask to speak to a mortgage advisor.

First go to www.myannualcreditreport.com and get your credit report.

get your last 2 months bank statements, as well as tax returns for last 2 years, and 2 pay stubs.

Good luck
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0 votes 2 answers Share Flag
Tue Feb 11, 2014
Mallorie Wilson answered:
Carolyn,

How soon do you think you'll have your credit card bills paid off? Are you concerned with your debt/income ratios? Good payment history will help your credit score. If you're worried about your income/debt you may want to wait to purchase your car. How soon are you thinking you'll want to buy? If your a ways out, it might not be a bad way to establish credit.

Mallorie Wilson
Sales Manager
Associate Broker
Century 21 Diversified
317-590-3434 direct
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0 votes 9 answers Share Flag
Wed Aug 21, 2013
Joe Farley answered:
The home has now been foreclosed on and will be on the market as soon as the lender lists it with a broker. I am very familiar with the property and it needs a good deal of work. It may represent a good opportunity for the right buyer who is able to do some work. If you need some guidance and professional help, feel free to contact me for more details. Best wishes,

Joe Farley, Broker Associate
Tomorrow Realty
317-442-3738
jfarleyrealestate@gmail.com
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0 votes 3 answers Share Flag
Tue Aug 20, 2013
Mike Watkins answered:
Fri May 10, 2013
Joe Farley answered:
Yes it is pending per the info supplied by the listing broker. I am happy to answer any other questions you might have. Best wishes to you in your house hunting pursuits!

Joe Farley, Broker Associate
Tomorrow Realty
jfarleyrealestate@gmail.com
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0 votes 3 answers Share Flag
Mon Feb 18, 2013
Millie Lumpkin answered:
If the appraised value is $350,000 the bank may want to get closer to that amount. You have to decide what you feel comfortable with as an offer. Test your counter offer since it is likely that the company will make a decision on your offer before moving on to a new buyer. I have had at least one short sale where the bank was willing to give on seller contribution so its possible they may agree.

Note, however, that with a short sale, the bank has determined a net amount they expect to receive. Don't fight the bank over the $350,000 just because you feel as though you should get it lower than the asking price.

Good luck.

Millie C Lumpkin, CDPE, SFR
Keller Williams Preferred Realty
Orland Park IL
Email: millie.lumpkin@gmail.com
(312) 217-5644
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0 votes 5 answers Share Flag
Mon Feb 18, 2013
Derek Crager answered:
If you don't have a Real Estate Broker, contact me at 317.796.9825 cell/text and I can walk you through step by step to getting the home you want at the least possible price. There are loop holes and back doors available in the system that I exploit for my clients.

I've been doing this for quite a while, wrote the book that has been used to teach Real Estate Agents/Brokers across the nation and am an expert in the art of negotiation with respect to each and every variety of foreclosure and preforeclosures that are yet unavailable to anyone else.

My search tools allow me to offer you just the homes in your search area and filter out everything else, thereby saving you money, time and energy in your already busy daily life.

Derek B Crager
Real Estate Broker
http://StopForeclosureAvoidBankruptcy.com
317.796.9825 cell/text
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0 votes 5 answers Share Flag
Mon Feb 18, 2013
Derek Crager answered:
Are you using a Real Estate Broker?
If so, any full time pro should have your answer, just spend ten minutes discussing this.

If you don't have a Real Estate Broker, contact me at 317.796.9825 cell/text and I can walk you through step by step to getting the home you want at the least possible price. There are loop holes and back doors available in the system that I exploit for my clients.

I've been doing this for a while, wrote the book that has been used to teach Real Estate Agents/Brokers across the nation and am an expert in the short sale process.

Derek B Crager
Real Estate Broker
http://StopForeclosureAvoidBankruptcy.com
317.796.9825 cell/text
... more
0 votes 3 answers Share Flag
Wed Feb 13, 2013
Doug Zobel answered:
You can go to www.chicagotitleindy.com. Go down to the section Real Estate & Lender Services, and it will show a list of items. Go down, and click on Covenants & Restrictions. It will take you to a page, just click the letter F, and it will go to a page that has all the addition's covenants starting with the letter F . Featherstone is on there.

Please let me know if you need any current market information for that neoghborhood.

Best Regards,
Doug Zobel
Associate Broker
Carpenter Realtors
317-771-2458
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0 votes 4 answers Share Flag
Wed Feb 13, 2013
Annette Lawrence answered:
In Florida, where the sun shines consistently, water NEVER freezes, RH of 85% is not uncommon and Temps stay at 86...pools are of value ONLY to those who want pools.
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If you want the best price for your home in Florida, match your home to the right buyer.
If a buyer does not drive, has sun allergies, lives in fear of tropical critters, wishes not to look upon expanses of manicured lawn, resists the 5 minutes of maintenance a pool requires, has no carbon footprint awareness, does that mean garages, lanias, conservation frontage homes, green lawns, pools or thermal windows add no value? OF COURSE THEY DO! They add value to a willing buyer. A person buying a house they don't want is not a willing buyer, therefore will not value those assets of the home.
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If I sell my home with a well maintained pool, enclosed, with an expansive lania, I WILL get more money than a home lacking these attributes. I will wait for the buyer whose lifestyle values the attributes of my home.

Remember, value is that which a willing and able buyer and willing seller agree upon. The common misconception that an appraisal is the establishment of value. An appraisal ordered by the bank has an entirely different (internal) purpose. Home sellers need to be very aware of this reality.

Best of success to you,
Annette Lawrence, Broker/Associate
Reamx Realtec Group
Palm Harbor, FL
727.420.4041
http://RealEstateMadeEZ.us
Movie Tour
http://youtu.be/g1H-_ny-Mnk
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0 votes 12 answers Share Flag
Wed Feb 13, 2013
Rob Ertman answered:
Your local Real Estate Agent can easily tell you what the taxes are because the amount is usually on the Metrolist. In reference to fees your agent can get a break down from the title company. ... more
0 votes 4 answers Share Flag
Mon Dec 31, 2012
Denise Sinn answered:
There are a few available in these areas within those price parameters. I would be happy to assist you by setting up a search tailored to your wants. As soon as a property is available it will be emailed to you. Then you can decide which ones you would like to take a closer look at. You can contact me via email" dasinngltd@aol.com or 317-847-8550.
Thank you
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0 votes 1 answer Share Flag
Wed Oct 24, 2012
Marita Topmiller answered:
Hi Dennis,

All good info below.

I've been told lately that you can shop 3 lenders within 14 days
without harming your credit score.

Cash Out refi is probably the safest, cheapest way to go to
begin investing in real estate.
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0 votes 5 answers Share Flag
Wed Oct 24, 2012
Marita Topmiller answered:
Thu Aug 30, 2012
"your" Home Team At Jarvis Realty Group answered:
Hi Ryan,
Congratulations on the new car purchase! A score of 633 is right on the edge of qualifying for a mortgage. The best way to see what your options are would be to talk to a lender. When you run your credit online that score may be different from what a car dealership score would be, and a dealership score may be different than what a mortgage score would be. I have a great lender that would be able to tell you if a new home is an option with your current situation, and if it is not an option she will be able to help you come up with a plan to make it an option for the future. Please feel free to call or email me with any questions!!

Brooke Huffman
(317) 512-5682
bhuffman@jarvisrg.com
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0 votes 5 answers Share Flag
Sat Jul 14, 2012
Douglas Alvey answered:
Hello Ivonneileana,

One of my listings in Whiteland just sold yesterday. It is a 4 bedroom home and we only waiting to close on the transaction. I actually live in the area and would be glad to help you find a home there or any of the surrounding areas.

If you're still looking to move to the area, please contact me for more information.

Best regards,

Douglas Alvey
RE/MAX Advanced Realty
8313 W. 10th St.
Indianapolis, IN 46234
Direct 317-366-7532
Fax 317-534-1394
Web - www.DougAlveyHomes.com
... more
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