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Hurricane : Real Estate Advice

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  • Local Info0
  • Home Buying8
  • Home Selling0
  • Market Conditions1

Activity 13
USMortgageRa…, Real Estate Pro in Plano, TX
Mon Feb 2, 2015
USMortgageRanger answered:
Thanks for your post & congratulations on your decisions to purchase a home. The first part of home buying is getting APPROVED by a Lender who has done their due diligence as to your ability to repay the loan and not cause you financial harm. We here at The Federal Savings Bank would like to introduce you to our H.E.LP.P Home Loan Purchase Program where we underwrite and approve your credit income and assets without a specific property. We will then issue a letter of commitment to lend based on the selected property meeting the underwriting guidelines. This letter lets sellers and Agents know you are serious qualified buyer and they will be more enthusiastic to work with you.

We are the Nation only veteran-owned, federally chartered bank with a focus on educating customers about the mortgage process and providing opportunity for home-ownership nationwide. We're a direct mortgage lender/ Servicer not a broker. That means no middle man and no broker fees. We handle the entire loan process in-house from processing to underwriting, funding your loan and finally servicing your loan.

I recognize that you are very busy, so I am only asking you to spend 6 minutes with me to discuss your needs so we can determine if we can be of service to you. After answering just a few simple non-credit related questions (I do not need to pull your credit report in advance) I will be able to email you some options that will allow you to immediately determine if we are the right choice for you and your family.
Please give me a call to make your dreams a REALITY.

Lowell Sterling
Mortgage Banker
NMLS# 968898
The Federal Savings Bank
Mobile: 469-347-3572
Direct: 512-717-0403
https://www.thefederalsavingsbank.com/LowellSterling
... more
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Ruth and Per…, Real Estate Pro in Los Gatos, CA
Fri Jan 16, 2015
Ruth and Perry Mistry answered:
Hi Anne:

You definitely have a problem, and while your concerns are well founded.

Its an issue from 5 years ago, that actually becomes your Issue to find during the disclosure
period.

Work with the City and State and get it de listed from the List of Drug Lab locations.
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Pat Lyons, Real Estate Pro in Hurricane, WV
Sat May 10, 2014
Pat Lyons answered:
I can help you find a home meeting your needs. Contact me at plyons@oldcolony.com there are a lot of homes available and more coming on the market daily. Do you have any idea when you will be in area to see homes? ... more
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Dixie Lee Wa…, Real Estate Pro in King George, VA
Fri Oct 25, 2013
Dixie Lee Washington answered:
Are you willing to commute 50 miles? I have a nice home in Letart, WV on the Ohio River that might be a possibility.
0 votes 3 answers Share Flag
Josh Marks, Real Estate Pro in Chicago, IL
Fri Apr 19, 2013
Josh Marks answered:
Do you have a family member willing to cosign on the loan?

Josh Marks
773.303.0033
Jmarks@wintrustmortgage.com
Joshmarksmortgage.com
0 votes 1 answer Share Flag
Josh Marks, Real Estate Pro in Chicago, IL
Fri Apr 19, 2013
Josh Marks answered:
Paul,

Age discrimination is illegal. Someone who is 59 can indeed get a 30 year mortgage. Are you intersted in getting a prequal? I am available by phone/email, nights and weekends.


Josh Marks
JoshMarksMortgage.com
Direct: 773.303.0033
Cell: 847.867.5998
... more
0 votes 3 answers Share Flag
Christina Di…, Real Estate Pro in Charleston, SC
Tue Jul 31, 2012
Christina Di Filippo answered:
HUD Homes are tricky, I definitely agree with Bret on the mismanagement of any REO properties. Some sit vacant for months, even years before the hit the market which can cause loads of problems with deferred maintenance. Be prepared to deal with plenty of headaches throughout the process of purchasing any REO property. The good news is generally you will get the property at a significant discount, and if you do your homework and have the proper inspections you can protect yourself from a lot of the problems you may run into.

For this and any other home the best ways to get information are to go to the courthouse and see who owned the property, what is owed, what building permits have been issued, how much is owed in back taxes (because if they didn't pay their mortgage they probably didn't pay a lot of other bills), etc. Also, ask the neighbors, they will be a lot more upfront and honest with a potential neighbor than they will be with a Realtor a lot of the time. However, be cautious, you need to be able to distinguish rumor from fact. One paticular neighbor in this subdivision has given me and a few other agents, as well as potential buyers, plenty of problems. If you stop by the home in the evening I'm sure he will grace you with his presence.

Hudhomestore.com is a great reference for specific properties in your area, this property isn't actually under contract as of today July, 31st. Hudhomestore may remove a particular property for many reasons, two of the most common are if it is under contract or if it is being reduced. In this case it was reduced by $20,000 and is now listed at $178K. Feel free to contact me if you have any additional questions about this or any other HUD listings.
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David Burnham,  in Washington, DC
Sun May 29, 2011
David Burnham answered:
If the contract is clear about how it can be canceled from a home inspection, dispersement of the earnest money should be done according to state law. This usually means that it can happen immediately if both parties agree, but if not, then their is usually a notification period and then the escrow agent can disperse according to the contract. If it ultimately gets disputed, a judge can rule to disperse to one party or the other. ... more
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Dan Chase, Home Buyer in Texas City, TX
Mon Mar 29, 2010
Dan Chase answered:
I would look at the registry of deeds. Deeds should say sold for x amount.
0 votes 3 answers Share Flag
Maureen Fran…, Real Estate Pro in Birmingham, MI
Mon Mar 29, 2010
Maureen Francis & Dmitry Koublitsky answered:
It should become a matter of public record. You could also call a local Realtor to see if the sale was reported to the MLS.
0 votes 1 answer Share Flag
Grace Morioka, Real Estate Pro in San Jose, CA
Sat Oct 24, 2009
Grace Morioka answered:
Hello Opal and thanks for your question.

Because this is a national question and answer forum and your question is very much a geographic specific question, you may not find much help here. Since you need both Section 8 and HUD help in renting a home, the best place to begin your search is with the local housing authority. Section 8 landlords are regularly inspected by HUD to maintain their approval for Section 8 housing. As a result, your local housing authority may have the most comprehensive list of apartments and homes for rent in your local area that qualify for Section 8 housing. In some instances, landlords with properties for rent will contact the local housing authority when the home is vacant or soon to be available.

Good luck!!

Sincerely,
Grace Morioka, SRES, e-Pro
Area Pro Realty
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Tim, Home Buyer in Hurricane, WV
Sat Jun 13, 2009
Tim answered:
A builders average cost is around $65 a square foot. You can build for around $83 sqft. You would be buying a newly constructed home from $110 to $145 a sqft depending on options chosen (cherry cabinets, tile, counter top, carpet/ hardwood, painting, trim package, windows, brick or vinyl, basement, location, deck, etc...) If you build a 2 story - 3,000 sq foot home w/ crawl space and 4 bedrooms 2 1/2 baths--with lot included you would hit around $285,000 - $320,000. If you find a hungry enough builder you can maybe get a decent amount of free upgrades. The rule of thumb is $100.00 a sqft will get you the options you need. Actually, design builders, or somthing like that, is building a large home with all the upgrades on Farmington Road near Teays Valley Meadows. If you like quality work WOW! they do a great job. I am looking to either build or buy and I will probably do something with them. They charge around $108 sqft, but you have the optimum open floorplan with every upgrade. They just started building a house approaching the sqfootage you mentioned. You might want to visualy see what you can get for the money. I was a builder in years past and I do prefer living in a house that I designed for my lifesyle, but you do pay a little more for it. Good Luck! ... more
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Mrs.lauren, Other/Just Looking in phenixcity,ala.
Thu Feb 14, 2008
Mrs.lauren answered:
I need help on Renting a house on HUD in West Virginia?
0 votes 2 answers Share Flag
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