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Myersville : Real Estate Advice

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Activity 2
Sun May 3, 2009
Jose Fuste answered:
Rules have changed for Loan Modifications. If you have a Baloon loan doing a loan modification and put that loan into a fixed term loan with no cost. Refinancing will cost money and lenders have made it difficult to qualify. You dont have to be behind on your mortgage to qualify for a loan modification. Interest only loans, variable rates and baloon mortgages are all considered Hardship Loans. The key is presenting your case to the lender and negotiating the terms of a new loan. I have succesfully negotiated loan modifications and the most recent I got approval for a 2% fixed rate for my client. I would be happy to discuss your situation and provide you with information and reasources to use. Its in your best interest to go after the loan modification and save the several thousand dollars a refinance will cost you. ... more
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Mon Nov 12, 2007
Ute Ferdig answered:
Hi Sharon. Are you looking to buy or are you the owner of the unpercable land? If you are the owner, I would want to know how long ago the most recent perc test was done. As John mentioned, there may be alternatives available of which you are not aware. I am in CA and I know that there are a lot of atlernative septic systems available that were not available 5 years ago. While the systems are available, they are not all approved everywhere. That's why you have to check with the county where the land is located.

If the land is truly not suitable for residential purposes, the value will depend on what other uses are possible and you should contact a local real estate professional to ask that question. The local agent should also be able to give you information regarding septic system alternatives. Good luck.
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