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77014 : Real Estate Advice

  • All9
  • Local Info1
  • Home Buying5
  • Home Selling0
  • Market Conditions0

Activity 7
Mon May 2, 2016
Alysse Musgrave answered:
Neutral colors are best, yes. But a listing agent can only give advise. Sellers don't always listen.

Don't Let Them Make a Monkey Out of You! Follow the links below.


Alysse Musgrave
Consumer Advocate
Exclusive Buyer Agent

Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You! US, Texas, and Spanish versions available.
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Thu Mar 5, 2015
Diane Christner answered:
Actually, the Protecting Tenants at Foreclosure Act (PTFA) of 2009, which required owners acquiring property through foreclosure (ie banks) to honor existing leases and spelled out terms for giving notice expired as of 12/31/14.

Unfortunately, Congress has not, as yet, done anything to extend that tenant protection into 2015.

Therefore tenants in properties in foreclosure need to look at state and local laws for guidance on tenant evictions involving foreclosures.

According to a recent National Mortgage News article, Wells Fargo said it will no longer follow the guidelines of the expired law. JP Morgan Chase, Citigroup and Nationstar have said they will voluntarily continue to follow the PTFA rules. Both Fannie Mae and Freddie Mac are supposed to continue to follow the expired law for their REO inventories.

Very few states offer the same protections for tenants as the expired federal law and 17 states have no specific tenant protections in foreclosure situations, allowing the banks/other new owners to immediately evict tenants following a foreclosure sale. In many states a foreclosure terminates the rights of tenants, so without the expired federal law, the new owner does not have to file a separate eviction notice to remove tenants in the property.

Anyone currently renting a property in foreclosure should pay close attention to these changes.
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Mon Dec 1, 2014
Armond Rainey answered:
Give me a call! I can help you with finding you a home to lease until we repair your credit and get you in a position to purchase!

Armond Rainey
Broker
713-444-3083
armondrainey@gmail.com ... more
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Fri Aug 2, 2013
Mel answered:
I agree with Fannie. No school is going to be perfect but in this area, there have been quite a few things happening in the schools. Its an affordable area but I'm also looking to relocate to another area before my girls get into middle and high school, up north preferrably. You can also go to greatschools.org for ratings and to get an idea of the schools including reviews. wish you luck! ... more
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Fri Sep 14, 2012
Carolyn Wolfe answered:
Sableridge has 6 active listings at $47- $65 per square foot.
There are 4 Pending sales and 8 Solds since April 1st with a range of $26-$58 per square foot.

Contact a Realtor to give you a professional accessment of your home. The condition of the home, updates, even the street it is on and how the neighbors take care of their homes will have a huge bearing on how much you should list your home for.

Feel free to check out my website and send me a messege. I will send you the stats and properties for the numbers I just gave you.
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Mon Mar 23, 2009
Dp2 answered:
If you have a good credit rating, then:
max purchase price: 9K * 2 * 12 * .4 = 86.4K
down payment: .2 * 86.4K = 17.28K
mortgage: .8 * 86400 * (.05/12)/(1-pow(1+.05/12, -24)) = 3032.39

If otherwise, then:
max purchase price: 9K * 2 * 12 * .3 = 64.8K
down payment: .2 * 64.8K = 12.96K
mortgage: .8 * 64800 * (.05/12)/(1-pow(1+.05/12, -24)) = 2274.29

Keep in mind you'll also be responsible for taxes and insurance, so you'll end up paying a little more than the mortgage per month.
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