If you're looking at foreclosure listings here on Trulia, DON'T. They are usually bogus listings by RealtyTrac that get you to sign up for their "free" list of foreclosures. There is no special resource for foreclosures. If you're interested in buying, you need to hire a REALTOR to work for you as a Buyer's Agent. Your agent will be able to search the local MLS for all available listings, including all foreclosures.
Keep in mind that foreclosures aren't very common anymore. Most of the country has very very low inventory of foreclosures. The time to get a "great deal" on a foreclosure has come and gone.
Any agent worth his salt will release you from a buyer agency contract if you request it. As Gerard J. Carney (below) pointed out, the sticking point would be if you have also a signed contract to buy home with this individual representing you as the buyer's agent. You'll still owe commission to the agent at closing.... more
Yes, you can buy now using the PHFA Keystone Home Loan, but if you improve your credit scores you can get better financing terms. Don't try to do it by yourself; get advice from a professional who can advise you on what to do to help your credit scores.... more
Your best bet in the Hermitage area, unfortunately, is to look in the local newspaper for rental information. Most all of the agencies in our area do real estate sales, not rentals. The Herald want ads are your best bet.... more
your down payment wil be determined by the type of financing you obtain. FHA only requires 3.5% down. There are some 100% programs out there like RD(Rural Development) but only single family homes are eligible. A conventional looan will require 10-20% depending on your credit,income etc. if you are not planning to occupy the condo,your down payment will be at least 20% possibly higher. You should speak to a trusted local mortgage broker ..... more
hire an attorney. this practice is widespread in markets where the market crashed more than others. sometimes the sales don't meet expectations, costs get out of hand and the lender freezes the funds. it happens...
the problems is that halted construction will likely hold up the future residents from moving in
if yo have not moved in and just have a contract and deposit, get an attorney to try to sue for your deposit back.
if you're living in it already, I'd talk to some neighbors and try to get control of the HOA... then act as a group.... more