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11413 : Real Estate Advice

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  • Local Info0
  • Home Buying8
  • Home Selling1
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Activity 11
Sat Mar 11, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

You only need to have 3% down payment and whatever closing costs you may need.

You are even allowed to roll closing costs into the loan if you are using an FHA loan.

I can explain more.

You are welcome to get in touch with me if you would like help with this or have any questions.
... more
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Wed Oct 26, 2016
Kathy Burgreen answered:
You don't have enough money saved to buy a 2 family house. You need at least $60,000. which is 10% of the typical 2 bedroom home of $600,000. In addition to the $60,000. down payment, you need cash to pay for closing costs which will add about $10,000. more. ... more
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Tue Jan 12, 2016
Deihmos asked:
I might be purchasing a home and it is classified as a multi-family according to the NYC website but it is clearly a one family home. The owner said it is a mom and daughter but it is legally…
0 votes 0 Answers Share Flag
Sat Jun 21, 2014
Jeanne Dieteren answered:
The property line remains the same, however a real estate attorney should be advising you. There are other remedies besides tearing down the garage. A lot line adjustment being one of them. I hope it works out for you. ... more
0 votes 5 answers Share Flag
Sat Jun 21, 2014
Jeanne Dieteren answered:
This is a great question for a General Contractor. A quick call will get you a ball park figure. I suggest finding a local contractor familiar with your local building codes.
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Sat Jun 21, 2014
Jeanne Dieteren answered:
It is possible there is a notice of default recorded on the property, this can be accompanied by a lis pendens. Here is Wicaoedia's definition of lis pendens.
In US law, a lis pendens is a written notice that a lawsuit has been filed concerning real estate, involving either the title to the property or a claimed ownership interest in it. The notice is usually filed in the county land records office. Recording a lis pendens against a piece of property alerts a potential purchaser or lender that the property’s title is in question, which makes the property less attractive to a buyer or lender. After the notice is filed, anyone who nevertheless purchases the land or property described in the notice takes subject to the ultimate decision of the lawsuit. ... more
0 votes 7 answers Share Flag
Mon Mar 5, 2012
Phil Rotondo answered:
"Falling Values" sounds so negative.
Maybe we should change it so it reads just like strategic defaults. Something like:
"Will the degregation of monetary worth usher in a floatilla of strategic defaults?"
And if you say it with a smile it won't seem as bad.
... more
0 votes 3 answers Share Flag
Mon Mar 5, 2012
Barbara E. Nowak answered:
I worked with buyers who used LIHP, here is the link to their website http://www.lihp.org/
0 votes 3 answers Share Flag
Sun Mar 4, 2012
The Pierre Team answered:
Hi Lovey i found this link i hope it can help you with the information you are looking for.
http://www.apartmentratings.com/rate/MD-Hyattsville-Queens-Park-Plaza.html#b
1 vote 3 answers Share Flag
Sun Mar 4, 2012
Jacques Ambron answered:
My experience is that rents are headed up. Basically the supply is low and demand is still pretty good.
1 vote 2 answers Share Flag
Fri Mar 2, 2012
The Pierre Team answered:
Hi Khokhen i think you will find the answers you are looking for at the link below Good luck please let me know if this was helpful Thanks!!!!
2 votes 2 answers Share Flag
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