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Home Buying in New Haven : Real Estate Advice

  • All119
  • Local Info8
  • Home Buying50
  • Home Selling4
  • Market Conditions2

Activity 79
Wed May 17, 2017
Kathy Burgreen answered:
Realtors and lenders are prohibited from giving opinions regarding safety of neighborhoods, schools, demographics, religion, etc. because it violates Fair Housing laws.
You will need to do your own research by doing the following: visit local schools and talk to parents and teachers; visit neighborhoods at different times of the day and weekdays and weekends; visit or call the local police departments (you can go to their websites); use the Census Bureau's website - http://www.census.gov; visit local grocery stores and talk to local residents; visit local parks and playgrounds; etc.

Realtors can provide published brochures and tell you which websites to go to because they did not write the content so it is not their opinion. However, I would do the above because you will receive first hand and accurate information.
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Thu Apr 20, 2017
Sharone Richardson asked:
If there aren't any hud houses in the town of my school district (i'm a teacher) can I buy a house in the same county where I work?
0 votes 0 Answers Share Flag
Sun Oct 9, 2016
josh campbell answered:
yes you should as if you have rented the apartment you dont know weather or not they are paying the mortgage payments .

you may get in to trouble to maybe bank will come up and foreclose the property and you have to leave the home at earliest too.

only if the date is not too old on it.
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Tue Jul 26, 2016
Joe Borelli answered:
As the FHA 203k lending guidelines changed recently, I would recommend that you work with a 203K lender approved by FHA to learn more about their latest renovation guidelines.

http://203klenders.org ... more
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Sun Aug 9, 2015
Karen Peyton answered:
A personal letter is never a bad idea, and the chances of "moving" the Seller are 50/50. Since you feel you need an explanation, it can only help! What to write??? None of us have seen the property or your bid, so that information should come from your agent. ... more
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Thu Mar 5, 2015
Margo Montgomery answered:
Hello,
Please feel free to call me. I'm a REALTOR with Berkshire Hathaway HomServices. Our office in in Madison, CT.

My coverage is centralized around New Haven area and up the Shoreline through Old Saybrook.

Including Hamden, East Haven, West Haven, Branford, Guilford, Madison, Westbrook etc.

My direct number is 203-779-9651
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Thu Feb 19, 2015
James Simon answered:
I'm not totally sure whether or not worker's comp would be considered income. For all intents and purposes, it does qualify as an income in some regards. However, when you try to count it as something that you're working to earn, that definition might break down. I think that it depends on the context.
http://www.frisina.com.au/about-us.html
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Mon Jun 30, 2014
Scott Godzyk answered:
Banks and creditors sell their "paper" aka accounts payable all the time. The key is if the debt is valid, if the collections are within the time frame as outlined by federal and your states collection law. If they get a judgement, than you are at a whole different level of debt and now have courts involved. You should not ignore and consult a lawyer for anything you do not understand to know your rights and or obligations. ... more
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Fri May 9, 2014
Eryen LaLonde answered:
Hi Mahmoodjashim
I would need more information ...
Can you tell me what town your are interested in?
Feel free to call me directly to discuss your rental needs.
Eryen LaLonde realtor
Keller Williams
Www.CT-Realty.com
860-384-4992
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Fri Apr 4, 2014
Phoenix answered:
i only want houses that are ready to move in and that will pass inspection thank you my buying range is 150,000 to 170,000 3 or 4 bedrooms with 2 or more baths, and a finished basement in a nice area give me a call 203-407-9623 my name is phoenix thank you ... more
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Thu Apr 3, 2014
Eric Schuell answered:
Unfortunately, "bad credit" will not get you a home. YOu have to demonstrate to the lender that you have the credability and resources available to buy a home.

the minimum down payment is 3.5% and the forgivable loan is a grant. To fix your home. It is forgived only if you stay there for a stated period of time. ... more
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Mon Mar 10, 2014
Joe Fasone answered:
Call Joann Pulisciano of Rockville Bank in Hamden and tell her that I referred you please. I have a couple of nice pieces of land in mind. Building a new house is great to do at least once in your life. ... more
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Wed Dec 4, 2013
Dennis Evans answered:
Looks like you have numerous choices to chose from on this site! Take a god look you has listings and sales experience and then interview the top three to get the best agent to work with!
best of luck to you.... You are in good hands!
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Sun Nov 17, 2013
Violette Gallagher answered:
Good morning,
Since you did not provide the address
I am not sure which unit you are inquiring about. If you are not represented by a realtor, I can show you that unit...

Violette Gallagher
Gallagher & Miras Real Estate,LLC
203-904-3732
violettegm@aol.com
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Wed Nov 6, 2013
Jim Simms answered:
I have a couple of suggestions. First, if “rebuilding” means you are disputing accurate information in your credit file I wouldn’t advertise the fact. Disputes are fraudulent if the information is accurate, but yet some credit repair exerts still do this on behalf of individuals with credit issues. It doesn’t matter if they did it on your behalf, in fact may look worse paying someone to do it. Second, working around the system that is in place to protect you may not be a good move. I would fix the problems first then buy a home.

Finally, rent to own isn’t buying a home, it is leasing, and at a much higher cost in almost every case. Usually it is about a landlord that is cashing in on the optimism of someone that is having a tough time. I spoke to a closing attorney this morning on this very subject. He said he has written up hundreds of these puppies over the years and estimates that less than 3% ever worked out for the buyer. That means 97% of the “buyers” lost money. Of the people I have known that tried this I think the failure rate is closer to 99.99%. One month I keep a running total of how much people told me they lost doing this and it was over $250,000. That was just in 20 working days! AND only one loan officer chatting with people inquiring about getting approved for a loan.

I have never spoken to anyone that is trying to do one of these that understood what will happen when it comes time to pay off the seller. The mortgage underwriter is going to follow the mortgage guidelines - NOT the contract between the tenant and the landlord. Why would anyone throw away their hard earned money without investigating what happens when it comes time to pay off the seller? No idea, but I promise, someone will read this, think I don’t know what I am talking about and toss away their money just because they think it will work out somehow. Good luck,

Jim Simms
NMLS # 6395
JSimms@cmcloans.com
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. This answer is my personal opinion, has not been reviewed or approved by the company I work for. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.
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Fri Sep 6, 2013
Taryn answered:
What is your price point?
0 votes 1 answer Share Flag
Thu Aug 22, 2013
Brian Nguyen answered:
The thing that would need the most help is the credit score. There may be some lenders out there that can work with those credit scores. For example, the average credit score minimum for some loans are about 620, but some lenders can go as low as 580 and some want credit scores as 680. You sometimes just have to shop around and see what you can get. Although, I would suggest to try to increase their credit scores because it will only be to their future benefit. The most effective way to fixing a credit score is to pay your revolving credit card balance. If there is a collection on your credit there isn't much that can be done in the short run. It is best to pay back any collections as soon as possible. So as time goes on the collection will become more insignificant to your credit score and will help it return to a better score.

Well I hope this helps. If you found this comment helpful, feel free to leave me a recommendation on my profile page.

Good Luck!

Brian Nguyen
Sr. Mortgage Banker
NMLS # 659743
Phone: 949.667.2887
brian.nguyen@nafinc.com
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Tue Aug 20, 2013
sdoughty67 answered:
Sat Aug 10, 2013
Lawrence fredericks asked:
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