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Property Q&A in Madisonville : Real Estate Advice

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  • Home Buying0
  • Home Selling0
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Activity 11
Darren Finn, Renter in 70447
Sun Jul 27, 2014
Darren Finn asked:
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This question was asked from this property: http://www.trulia.com/rental/3004199594-107-Gitz-Dr-Madisonville-LA-70447#affordability
0 votes 0 Answers Share Flag
Katherine Ra…, Real Estate Pro in Mandeville, LA
Tue Mar 25, 2014
Katherine Racine answered:
Donnie, I'll be glad to assist you. I work exclusively with buyers in West St Tammany and am quite familiar with Guste Island. Didn't think it would be appropriate to call you at 11pm, but feel free to text or email me at your convenience. kracine@kw.com, 985-807-3159. ... more
0 votes 1 answer Share Flag
michael.daup…, Home Owner in Madisonville, LA
Wed Mar 6, 2013
michael.dauphin asked:
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This question was asked from this property: http://www.trulia.com/homes/Louisiana/Madisonville/sold/1000158989-27-Mary-St-Madisonville-LA-70447
0 votes 0 Answers Share Flag
Katherine Ra…, Real Estate Pro in Mandeville, LA
Tue Aug 16, 2011
Katherine Racine answered:
The lot is approximately one acre (120 X 262 X 285 X 278). The listing has expired however if you are interested in it I can see if the owners still want to sell it.

Katherine Racine
All help, no hassle!
Keller Williams Realty Services
1522 West Causeway Approach
Mandeville, LA 70471 USA
... more
0 votes 1 answer Share Flag
Kevin Savoie,…,  in Slidell, LA
Tue Feb 8, 2011
Kevin Savoie, SFR answered:
I'm sorry but that listing expired last month. If you'd like I can check with the listing agent to see if it may come back on the market. It was listed for $198,500.

Kevin Savoie
985-788-5665
... more
0 votes 1 answer Share Flag
Monir Mamoun, Real Estate Pro in Denville, NJ
Sat Oct 9, 2010
Monir Mamoun answered:
Hi Rita, FHA guidelines just changed -- I got two relevant things for you to read -- this is a blog excerpt from Bill Zielinski...

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The FHA is introducing new guidelines on loan to value ratios and the minimum credit score required for FHA borrowers. As detailed in a Mortgagee Letter from the Department of Housing and Urban Development (HUD), the following credit requirements will apply for FHA borrowers, effective October 4, 2010.

* To be eligible for maximum financing, borrowers will need a minimum credit score of 580 or higher.
* Borrowers with a credit score between 500 and 579 will be limited to a loan to value of 90%. A sub 580 FICO credit score borrower will henceforth need to make a 10% minimum down payment on a purchase transaction.
* All borrowers with a credit score below 500 will not be eligible for FHA-insured mortgage financing.

HUD’s newly introduced minimum credit score and loan to value requirements will apply to all single family loan programs, except for Reverse Mortgages (Home Equity Conversion Mortgages) and Hope for Homeowners.

The new credit requirements are not expected to dramatically change the number of FHA mortgage approvals. Most lenders had already imposed a minimum credit score requirement of 640 or higher for FHA borrowers. In limited cases, borrowers with scores between 620 and 639 could still obtain mortgage approval.

Many potential FHA borrowers with scores below 640 who cannot obtain mortgage approval may be left wondering why this is the case if the FHA has established a minimum score of only 580. The explanation for this is that the FHA does not make mortgage loans but rather insures FHA loans made by lenders. Despite the FHA insurance, banks do not have an iron clad protection from loss.

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... rest of that blog at http://seekingalpha.com/article/223956-the-fha-s-new-minimum-credit-score-requirement-won-t-change-much


And I wrote a 10 part blog called "Top 10 Credit Myths" which is good..

http://www.trulia.com/blog/monirmamoun/2010/10/top_10_credit_myths
... more
0 votes 4 answers Share Flag
Julie Scarbo…, Real Estate Pro in Mandeville, LA
Fri Mar 26, 2010
Julie Scarborough answered:
No, I'm sorry, this home has already been sold. It went to an Act of Sale in December of 09. But there are several other homes in the same subdivision. If you would like more information on these, please do not hesitate to contact me at 985-966-3963. ... more
0 votes 2 answers Share Flag
Jean Begovich…,  in 70471
Thu Mar 25, 2010
Jean Begovich, REALTOR answered:
Hi Josh, I have tried searching in my multi list database for Hester St. home or vacant land and I am not coming up with anything in Madisonville. Could you give me a little more information? It appears that you posted this question in March 2009! I do not understand why it came to me as a new question. Anyhow if it was a home or a lot, it must have sold by now. If you would like any further information about this property or any others, please do not hesitate to contact me via email or cell phone. I look forward to hearing from you and helping you find a home or lot. Thank you for your trust. -- Jeannie ... more
0 votes 1 answer Share Flag
Tiphanie Cla…, Real Estate Pro in Baton Rouge, LA
Mon Jul 13, 2009
Tiphanie Clark answered:
To answer the last portion of your question, yes, you can purchase a pre-forclosure before the auction date. You'll need to contact the homeowner. If the homeowner owes more than the market value, you'll need to negotiate a short sale with the lender. If you want any more information on this just let me know. I'll be happy to help you any way I can. (For free. Don't be shy to ask) You can reach me at tiphanie@elite-realty-group.com. ... more
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Katherine Ra…, Real Estate Pro in Mandeville, LA
Tue May 12, 2009
Katherine Racine answered:
The lot is located in Madison Villas which is a garden home community just off Hwy 1077, south of I-12. The most recent home sale in the subdivision was in June 2008 which sold for $219,500 ($110 per sq ft). It is in flood zone C.
Please call me if you'd like more details or a personal tour. (985)807-3159
... more
0 votes 3 answers Share Flag
Dana Schuster, Real Estate Pro in Slidell, LA
Fri Dec 19, 2008
Dana Schuster answered:
Your best option is to contac the listing agent directly.
0 votes 1 answer Share Flag
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