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Nashua : Real Estate Advice

  • All128
  • Local Info7
  • Home Buying51
  • Home Selling8
  • Market Conditions3

Activity 114
Kathy Markee…, Other/Just Looking in Woburn, MA
Thu Sep 13, 2012
Kathy Markee Vasel answered:
There are still programs and possiblities for people with borderline good/fair credit. I advise you to speak to a professional Mortgage Banker in the industry who specializes in analyzing and guiding clients to bring up your scores. I have personally seen clients lower their scores thinking they were repairing it. Sometimes it's as easy as making a phone call to the company reporting your liability. I have helped many renters and buyers in this position. If you need help call me at 978-502-2998. ... more
0 votes 5 answers Share Flag
Tim Joyce, Real Estate Pro in Nashua, NH
Wed Aug 22, 2012
Tim Joyce answered:
Good morning - I cannot find the home through the MLS. Do you have a listing # or source where you found the home? Drop me a note and I would be glsd to help

Thanks,
Tim

Tim Joyce
Keller Williams Realty
20 Trafalgar Sq. Suite 101
"The Glass Tower"
Nashua, NH 03063
Cell: 603-765-3761
Office: 603-821-1120
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Short Sale M…, Real Estate Pro in MA,
Mon Apr 30, 2012
Short Sale Mitigation, LLC answered:
Offer cash at closing. Most prom notes are double the amount that a lender will take if it's cash at closing. There could be many reasons why they are asking you for a promissory note. 1) do you have MI on the loan. If so, the MI company needs to cover it's deductible. Most NH housing loans have MI, so many times a NH housing loan will seek cash or a prom note at closing. 2) is the lender seeing some amount of money on hand?? If so, they will look for a prom note at closing 3) do you have a considerable hardship?? If the lender feels you don't have a strong enough hardship, they'll ask for a prom note at closing.

Keep in mind prom notes are UNSECURED notes, and usually don't have interest. My suggestion would be to start with a cash offer at closing. Even $500 is an attempt. We've had luck offering even less than half of what they wanted in the form of a promissory note.

Good luck.
Maryann Little, VP Mitigation
978-384-0032
... more
0 votes 4 answers Share Flag
No Name, Other/Just Looking in Nashua, NH
Mon Apr 2, 2012
No Name answered:
The only other option that you would have besides a 203k loan would be if the seller did agree to fix the roof before closing.
0 votes 7 answers Share Flag
Coy Asbury,  in Roanoke, VA
Tue Mar 20, 2012
Coy Asbury answered:
You may take less right now on the sale, but if you are buying another home it 'should' make up for it. I think the determining factors are how quickly do you want the home to sell. The appraisal was a result of listings that were in your area. Also, your agent has access to the MLS, which will accurately show what homes have actually sold for. An active listing is hard to go by- they have not sold yet, and may not. ... more
0 votes 11 answers Share Flag
Scott Godzyk, Real Estate Pro in Manchester, NH
Sat Mar 10, 2012
Scott Godzyk answered:
Charlotte the PMI company has to approve the short sale, not the bank. The PMI company can choose to pay the loss and allow the short sale or can foreclose, pay the bank and then try and recoup their money by selling the asset. If they are refusing the short sale the price is lower than their allowed percentage off of the current market value. The buyer would need to pay closer to the market value. Most banks and pmi companies will counter these days though, not just deny it. Check with the negotiator to see what they will take. I have had great success with PMI companies in getting my short sales approved through daily communications. ... more
0 votes 3 answers Share Flag
Cheryl Cummi…,  in Hudson, NH
Mon Mar 5, 2012
Cheryl Cummings answered:
Hi there:
Do you mean "work with" as in assisting with finding another rental? Or "work with" to rebuild credit/past and rebuild? Not sure what way you or someone in need of assistance needs the advice or help. There is always the NH based United Way resource, 211. Just dial that number from any NH phone line and you will be connected with an operator who has every state/private agency that will work with/consult you as well.
I hope this helps. If not, please feel free to email me or give me a call and I can find a more custom answer for you and your needs.

:) Cheryl Cummings
Prudential Verani Realty
187 Main Dunstable Road
Nashua, NH 03060
(603) 521-4275
(603) 888-4600
cheryl.cummings@verani.com
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0 votes 1 answer Share Flag
No Name, Other/Just Looking in Nashua, NH
Mon Jan 23, 2012
No Name answered:
The waiting perior for an FHA loan is 3 years. VA loans the waiting period is 2 years but the entitlement must be restored by VA. 5. Conventional – 2-7 Years depending on investor and down-payment
2yrs-20%, 4yrs-10%, 7yrs-5% (Also Depends on MI company)
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0 votes 3 answers Share Flag
Emily Erekuff, Home Owner in Menifee, CA
Mon Dec 19, 2011
Emily Erekuff answered:
Hi Karen,

I don't see any off-market listings associated with your account. I hope that means this problem has been fixed. If however that's not the case, please give us a call at 888-466-3501 Monday - Friday 7am to 4pm PST, or send us an email via the link below.

If you can let us know which is the affected listing, we should be able to correct its status.

Best Wishes,

Emily
... more
0 votes 4 answers Share Flag
Tretre, Renter in Nashua, NH
Mon Dec 5, 2011
Tretre answered:
Ray you really should meet with a local attorney for at least the first free meeting to get some direction, you will need to prove they knew about it and concealed it. You will need to look at the sellers property information report and see what they wrote in under basement leakage, you will then need to review your insopection report, review what waivers you signed and also see if this crack was noticeable with the naked eye if you walked around the whole perimter of the basement. ... more
0 votes 6 answers Share Flag
sclark39, Real Estate Pro in Nashua, NH
Tue Nov 15, 2011
sclark39 answered:
A showing for this property on 15 Hollyhock Ave. can be easily arranged by calling the listing agent Sandra Clark at 603-494-0899. This lovely contemporary cape offers 4 bedrooms and 3 baths located in south Nashua, Bicentenial School district and easy access to highway and city amenities ... more
0 votes 4 answers Share Flag
Scott Godzyk, Real Estate Pro in Manchester, NH
Mon Sep 12, 2011
Scott Godzyk answered:
Betty please email me the following, when you are looking to move, price range you are looking for, how many bedrooms do you need and do you need a garage?

Thank you

Scott Godzyk

sctprop@aol.com
... more
0 votes 3 answers Share Flag
Scott Godzyk, Real Estate Pro in Manchester, NH
Wed Aug 17, 2011
Scott Godzyk answered:
Tony Nashua has a a variety of different bus routes. You should review teh bus routes and then assess how far off of it you would want to walk to the bus.

http://www.gonashua.com/NTSRoutesandSchedules/tabid/942/Default.aspx

These are the bus routes above, just click on the link to search them
... more
0 votes 3 answers Share Flag
John R.  Fis…, Real Estate Pro in Milford, NH
Tue May 24, 2011
John R. Fisher answered:
Hi Atkins,
The real answer is anywhere from a week to a year! Occasionally when I'm tracking these situations for clients or myself it will come on the market real quick but usually not. I have one across the street from my home that has been sitting for a year and just came on the market today! There are numerous reasons for a delay ranging from deed-ownership issues to a tenant or owner that is occupying the property after the foreclosure auction. The other one that I've been told is the primary reason these days by several asset managers and foreclosure attorneys I have spoken with is that they (the banks and the companies they hire to manage the disposal of the property) are trying to avoid a glut of foreclosed homes in any one area and are choosing to "mothball" some and control the number of listings. In my never so humble opinion I think that strategy is a terrible idea. How they think they can "manipulate" the mess they caused with lousy loans is beyond imagination. I'd rather just see them "get it over with". This is like taking 24 hours for a root canal with no Novocaine thinking you'll spread the pain out- not going to work that way. Anyway.....buying foreclosures can be a great way to get a deal - I've bought some myself - but you almost always need to plan on some rehab and need a good team in place to guide you thru the process. If you do not currently have an agent you are working with feel free to call or email anytime. My blog has a lot more info on the subject along with some good time rants:) Best regards ... more
0 votes 4 answers Share Flag
Scott Godzyk, Real Estate Pro in Manchester, NH
Tue May 17, 2011
Scott Godzyk answered:
Brenda your advice is wrong for NH, in NH property taxes would have to go unpaid for 3 consecutive years, if the home owner has a mortgage the mortgage company will pay the minimum due in virtually all cases so there is no tax sale. you see very few tax sales here in Nh Foreclosures are simple here in NH, however most forecosoure auctions require a cash buyer as you can not have any contingincies and most auctions call for a 20-30 day closing.

If i represented the wife, i would try a short sale immediately, having an agents who is well expereinced and provides a professional negiotiator may be able to get them to avoid foreclsoure and have the wife the best chance at buying.

The last factor is if the home owner, her husband, owes more than the house is worth, or has 2 mortgages than tee foreclsoure is the only thing to clear these liens oor the next buyer to not be responsible for them, her best bet is to get prequailified now, and then try and buy from teh bank after the foreclsoure.
... more
0 votes 6 answers Share Flag
Scott Godzyk, Real Estate Pro in Manchester, NH
Tue May 17, 2011
Scott Godzyk answered:
There are several ways that people are pulling this off, many are people buying a new house and then giving back there old house as they owe too much. the kicker is these banks will noty let this go, the bank taking the loss will check to see if they can recoup any of these losses from teh howm owners, it will be a wake up when teh old bank comes to attach their new house for these losses.

it is not as easy as you may be seeing , they may get away with it for the short term, but the bank always wins...
... more
0 votes 6 answers Share Flag
No Name, Other/Just Looking in Nashua, NH
Tue Mar 22, 2011
No Name answered:
Hi Homebyer

You really should have your credit reviewed by a lender. I am available to review your credit with you and see what your options are for financing, it will really depend on how and when your foreclosure was reported on your report. ... more
0 votes 6 answers Share Flag
Scott Godzyk, Real Estate Pro in Manchester, NH
Mon Mar 21, 2011
Scott Godzyk answered:
Check with your divorce lawyer for advice on teh divorce and who is responsible for what, if you are still on that mortgage, you may want to contact the bank or have your lawyer contact the bank, look into deed in lieu of foreclsoure to end teh waiting or sell it at short sale to avoid teh foreclsoue that will live with you for the next 10 years. Same thing with bankruptcy, the new credit laws it could stay with you for 10 years so try and avoid both if you can, at this point a lawyer may be what you need for guidance, at least the first meeting which is usualy at no charge ... more
0 votes 3 answers Share Flag
Engineercivil, Renter in Vicksburg, MS
Sat Mar 12, 2011
Engineercivil answered:
I am a retired Civil / Industrial Engineer ( Corps of Engineers ) wanting to relocate / Rent a Condo in the Tamarac , Fl Area ! Can You Help ?

Harry M. " Bud " Merritt


budm10@hotmail.com // Home Phone: 769-203-1735 : 711 Belva Drive , APT. 52 , Vicksburg, Ms 39180

Thanks in Advance ,

Bud
... more
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