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McCalla : Real Estate Advice

  • All21
  • Local Info3
  • Home Buying5
  • Home Selling1
  • Market Conditions0

Activity 9
Tue Mar 28, 2017
Amaddogiam asked:
Mon Mar 20, 2017
HP asked:
In a few months, we will be looking to possibly buy a house or a manufactured home, leaning more toward manufactured but cannot find information online that corresponds with what I'm looking…
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Tue Feb 21, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

You only need a 600 credit score to qualify for a VA loan with my bank.

If you are below 600 I can probably help you get it above 600 quickly. We have a way to rescore credit rapidly.

As for the medical bills, it would depend when they are from and their status.

The best thing to do is to get a pre approval.

If you would like help with this you are welcome to contact me.

I'm available almost 24/6.
... more
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Thu Jan 21, 2016
Scott.harris answered:
Check with Cathy O'Berry at ReMax. She is handling our new home purchase and has been exceptional to work with.
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Mon Apr 7, 2014
Christine asked:
We are looking for a house with at least 3 bedrooms on land at least 2 acres . We love to grow our own food and we want to raise our own animals so we really need the acreage to do what…
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Wed Apr 2, 2014
smh.jwh answered:
I live in Mc Calla and love it here!! The McAdory school system is exceptional and safe and there are always sheriff deputy around. In our neighborhood of meadowridge we have a neighborhood watch program and all are very active in it. In fact, we have two law enforcement officers with units in their driveways that live here. I feel totally safe!!! Hope that helps you. ... more
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Mon Feb 3, 2014
Doug McAnally answered:
I did a search on our listing site for realtors and was not able to find this home for sale or any history of it being for sale with the address given. I would love to help you find something if you are planning to move to the area. You can see all available properties for sale at WWW.BirminghamRealtyGroup.com
and the site is updated daily. Doug McAnally.
... more
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Sat Aug 3, 2013
Rodney Mason answered:
Real Estate Agents are not allowed to comment on a variety of topics. The Fair Housing Act restricts the information that can be provided by a Real Estate Agent. Visiting the area and making your own determinations about what is best for you is the way to go.

Off Limit Topics Include:
• Crime Statistic (including questions about whether a neighborhood is good or bad or safe)
• Demographics
• Environmental Concerns
• Household Income
• Religion
• Schools (including questions about how good or bad the school is)

Determining to the answers to questions on any of the topics listed above is something that you would need to do on your own. It is up to the individual to make their own determination about a specific area. If a Real Estate Agent were to comment on such a thing, it could be steering which is a prohibited act.

Some websites to try include:

http://www.trulia.com/crime/

www.crimereports.com

www.familywatchdog.us/

www.neighborhoodscout.com

www.greatschools.org/

www.schoolmatters.com

Reasons Why A Real Estate Agent Cannot Comment
http://realestate.msn.com/article.aspx?cp-documentid=20748062
http://www.fairhousing.com/index.cfm?method=page.display&pageid=3657
http://realestate.aol.com/blog/2010/12/06/what-a-real-estate-agent-cant-tell-you

These links should be able to provide some of the answers you are seeking.

If you are looking to purchase a property, working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your mortgage options. To get Pre-Qualified for your purchase, you can submit your request online at www.rodneymason.com.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203(k) Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
... more
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Wed Dec 12, 2012
Rodney Mason answered:
I do not suggest doing lease purchases. There are simply way too many things that can go wrong with one from either side.

In order to do true owner financing, the owner must own the property free and clear of any mortgages. Very few sellers are going to be in that position.

If the property currently has a mortgage on it, the owner cannot legally transfer the title to a buyer without the mortgage first being paid in full. Most all mortgage loans have a due on sale clause. This due on sale clause requires that the mortgage be paid in full should a title transfer occur.

The buyer is also at great risk on a lease purchase transaction should the seller quit making their mortgage payments. Right now, many sellers cannot afford to make their mortgage payments or simply chose not to continue making them. I have seen where the buyer is making their rent payment, but then the owner is not paying the mortgage. The next thing the buyer knows is that the home is in foreclosure. That means the buyer will generally not get back any of the money they have given as earnest money or security deposits.

It is also a big risk on the buyer. If your credit is not where it needs to be now, there is no possible way of you knowing it will be acceptable in a set amount of time.

Before entering into any type of agreement like that, the buyer needs to make sure that they fully understand the potential pitfalls that could arise. Should the seller default on the mortgage, the buyer could lose ALL of the money that they have invested. Until you are able to purchase, renting is generally the safer option.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
... more
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