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46901 : Real Estate Advice

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  • Local Info0
  • Home Buying5
  • Home Selling0
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Activity 7
Tue May 10, 2016
Kyliemartin98 asked:
Is the house on 1200 west Richmond street in Kokomo Indiana still up for sale
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Thu Dec 17, 2015
Amelia Robinette answered:
in my experience, you're better off buying a house that you can customize. raw land takes a long time develop (especially if no existing sewer, electricity, etc exists). the costs are about the same to buy something existing and remodel it - with a LOT less headache. ... more
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Thu Jul 24, 2014
Dan Tabit answered:
Heaajohn,
FHA may be a possibility but paying off old collections may do more damage than good. You really need to meet with a great local lender who assists with credit repair in order to make the best choices and to qualify sooner rather than later.
Your scores may not be the same when pulled by a mortgage lender too, so things could be better or worse. The lender will use the middle score of the lower scoring borrower. Getting your scores up is critical, but with your recent past there may be more to factor in, so don't try an figure this out on your own. As a formerly licensed lender the rules are not all straight forward or common sense. Get a pro on your side immediately, so you can accomplish your goals. Best of luck.
... more
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Thu Aug 9, 2012
Kevin Hardie answered:
Plenty of home nice home buying opportunities exist in our community priced in and around $60,000. As a Realtor, I would want to know what amenities you require and what you are willing to compromise on. Are you particularly interested in a geographic location, school district, rural vs. urban etc.? Contact a Realtor to set an appointment to discuss your housing needs. ... more
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Sun Feb 12, 2012
George Raymondo answered:
I take it you went to a Broker and he has submitted your loan into underwriting with his lender? Every State has a statue of limitations and most lenders can or will overlook something that old unless it could end up affecting the title of the property. There are several remedies, a good Loan Officer would tell you exactly what to do in the event there is a collection(s) showing on your credit report. Something that old shouldn't be a deal killer. ... more
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Mon Aug 29, 2011
Anna M Brocco answered:
Yes, you should be able to qualify--however there are other factors besides credit that will determine qualification, therefore do visit with any loan officer....
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Wed May 27, 2009
Dana Schuster answered:
with a foreclosure your credit will take a hit of 200-300 points. Recently Fannie mae & Freddie mac have changed their guidelines on waiting period before yu can buy another house. with foreclosure it is 5-7 years.You could also be subject to a deficiency judgment for the difference between the loan amount and the amount paid. ... more
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