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46226 : Real Estate Advice

  • All19
  • Local Info0
  • Home Buying7
  • Home Selling5
  • Market Conditions0

Activity 15
Tue Jun 2, 2015
dp.buttram asked:
MLS pictures have changed but Trulia is not picking up the changes, how do i change the pictures to update?
0 votes 0 Answers Share Flag
Tue Nov 26, 2013
jay.meadors answered:
When you are ready to purchase I can assist you with getting pre-approved and walk you through the mortgage process. If you contact me now I can send you some information on the home buying process so you are prepared. It's helpful even if you've owned a home before.

Jay Meadors
Mortgage Loan Officer
Fifth Third Bank
NMLS #438568
317-788-3002
jay.meadors@53.com
53.com/mlo/jay-meadors
... more
0 votes 5 answers Share Flag
Tue Sep 24, 2013
Bettina Settles answered:
Would need a little more info from you. Just give me a call in the morning 317-987-6768 and we can see what fits your criteria’s.
0 votes 1 answer Share Flag
Sat Apr 27, 2013
Jamelle Walker answered:
Rhonda,

Sometimes this depends on the bank. But as for recent transactions, foreclosed homes close faster. Is there a property that you are thinking about? I would be love to help you find this foreclosed home. Below you will see a link to my website. The website will allow you to look for foreclosed, Hud, short sale, and regular homes for sale. If you have any more questions, or you would like to see a property, feel free to contact me.

Jamelle Walker, Realtor
Keller Williams Realty
317-453-0917
... more
0 votes 12 answers Share Flag
Tue Jul 31, 2012
Stephanie.lines answered:
I see several homes for rent on Dubarry but not 3687. Are you really interested in this particular property or just like the area?
0 votes 1 answer Share Flag
Mon Jun 11, 2012
Beth Bearden answered:
It depends on the terms of your listing contract. If it's an "exclusive right to sell" contract, then you owe a commission regardless of who brings the buyer.

If your listing contract is an "exclusive agency" or "open listing" contract, then you will not owe a commission unless the listing agent is the procuring cause of the sale. Procuring cause may mean the agent finds the buyer, shows the house, and writes the purchase agreement, or it may mean the buyer drives by the house, sees the agent's sign in the yard, and stops to talk to you about it. On the other hand, if a buddy of yours hears you're selling and makes you an offer, the agent is no longer a procuring cause.

I would suggest it's worth paying the commission, if only to be sure all the details of the sale are handled correctly and that your best interests are represented. Working through an agent ensures someone familiar with the process is on your side... if you handle the sale yourself, you might miss some of the more subtle nuances of the deal.
... more
1 vote 10 answers Share Flag
Thu Apr 26, 2012
Irina Karan answered:
There could be homesteaded rights or the husband could be on the note...without being on title.
0 votes 11 answers Share Flag
Sat Apr 21, 2012
Mallorie Wilson answered:
Several factors come into play in addressing your issue. How many bedrooms does your home currently have? If the home has lets say, two bedrooms, it may be beneficial to add a 3rd bedroom in the basement. When you state "walk through" basement are you implying your basement is a walkout basement? If this is the case, appraisers tend to give more value to walk out basements, as it has more value than a traditional basement.

I would recommend consulting a REALTOR to view your home to better determine which could potentially offer you a quicker sale and/or higher proceeds from your sale.

If you'd like to provide me with more information, I would be happy to assist you. I'm very familar with Lawrence Township and I've listed and sold several homes in this area.

Thanks.

Mallorie Wilson
Associate Broker'
Century 21 Diversified
malloriewilson.com
317-590-3434 direct
... more
0 votes 3 answers Share Flag
Thu Feb 9, 2012
Kimberly R. Walsh answered:
first of all your question is really confusing. it appears that you have an accepted purchase agreement but the buyer wants to back out. is that correct? if so, there shouldn't be any reason why you can't change the status in the BLC to "activeB" instead of "pending". has your listing contract expired? unless you have "closed" on the property or the listing has "expired" the listing is still available for anyone to see in the BLC system. you should contact the managing broker at the listing brokerage to change the status. even if the buyer backs out of the deal it doesn't mean you get to keep the earnest money. ... more
0 votes 3 answers Share Flag
Tue Oct 6, 2009
Craig Bartels answered:
Hi Rhonda,

Typically when the case has been assigned to someone at the bank, you are indeed correct, the process is moving along. Things typically start to move much faster when this has been completed and it's been assigned to someone. For example, my wife is working with Chase bank on a home we have listed for sale as a short sell. We got things assigned to someone at the bank about 2 weeks ago, we got our answer and it looks like we will have it closed and sold in the next 2-3 weeks or so. ... more
0 votes 4 answers Share Flag
Tue Oct 6, 2009
Craig Bartels answered:
honestly, most times it's the bank that is the hold up. We do 1-2 short sells each month for both buyers and sellers, and each bank is different. We have some banks that get things done in days, others take 4-5 weeks. It does help to have experience in dealing with banks, to know what they want, etc. Also, if you are working with the buyers agent, the buyer agent typically doesn't get to speak with the bank directly, as the bank is the listing agents client, so what he tells you is what he is being told by the listing agent...

I've had a few go on for 6-8 weeks before a response, so this is not out of the ordinary.
... more
0 votes 5 answers Share Flag
Fri Sep 18, 2009
Eric Karrfalt answered:
Did the buyers have their own agent, or did they use the listing agent? It makes a difference. Their own agent would be their buyers agent. If the list agent represented both parties, that would be a limited agency situation. If they had their own agent, the list agent or the bank really has no obligation to talk to anyone but their client, and would be breaching their fiducuiary duty if they did disclose anything of a confidential nature to you. Even if you can find the bank, find a contact number, find who the asset manager is, get them to pull the file, get them to review it, get them to forward it for review to their manager, get the managers number, get the manager to respond to your inquirey, you will then find out you need to be transfered to a different branch or passed on to another claims review case manager or something like that. If you get to that point, you might then find out, as I did once, that the processing had been farmed out to a third party. My instance was farmed out to a processing center in India. I then had to be transfered back to the North America operations and was finally put in touch with the top of the ladder. Keep in mind, this was the company whose listing I WAS REPRESENTING! I wish you luck chasing info down as a buyer who lost out. ... more
0 votes 20 answers Share Flag
Wed Sep 16, 2009
Eric Karrfalt answered:
The "golden rule". They have the gold, the house, they make the rules, or the terms they will accept. A listing is an offer to purchase. Even if you "offer" all their requests, the owner is not obligated to accept anything. Basic contract law here. Now speaking to why they would not accept your offer. Being a fannie mae repo, they may not have marketable title to the home yet. It sometimes happens they jump the gun and get it to market without having the legal capacity to transfer marketable title. ... more
0 votes 2 answers Share Flag
Thu Apr 30, 2009
Marita Topmiller answered:
Shirley,

The taxes for the home are $730.00 a half year, $1460.00 for a whole year.
The property has one $3000.00 mortgage exemption on it. The home is
936 sq ft. If you buy the home, you can then file a Homestead exemption which will lower the amount
of taxes due to about $322.00 a half or $644.00 per year.

I did not see it registered yet on the HUD site.

If you have any other questions, please feel free to send me an email.

Marita Topmiller
Assoc Broker/ Realtor
Indianapolis Area
... more
1 vote 1 answer Share Flag
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