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89032 : Real Estate Advice

  • All19
  • Local Info1
  • Home Buying9
  • Home Selling1
  • Market Conditions1

Activity 18
Sun May 28, 2017
Kathy Burgreen answered:
You cannot buy a home without a source of income. No lender will give you a loan unless you are employed. So forget about buying a home and first get a job.
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Mon Jun 6, 2016
Beth Ellyn Rosenthal answered:
I rent homes with no credit checks because your credit starts and ends with me. I'm in Las Vegas so that won't help you in NYC.

My advice: Search the ads for those key words. All my ads say "NO credit check." I do check to see if you've had an eviction, though. I still will rent to you but you will have to put up another month's security deposit.

Come to Vegas if you can't find anything!

((hugs)) BETH Ellyn
Vegas's most caring landlord
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Thu Apr 28, 2016
Jane Wasylyk asked:
we are thinking refincing our new home.we used harp cpl yrs ago on other house.Is it 1 time using harp.or seen we moved can we used it in new house. plz let me know asap ty
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Mon Aug 4, 2014
Jill Murty answered:
Yes. An earnest money deposit is required to purchase a property.
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Thu Aug 22, 2013
Beverly Bartley answered:
Yes you can rent in a nice neighborhood, however you may have to pay more security deposit. It also depends on the owner, if the home is listed for a while they usually will rent if you have no eviction. hope this helps ... more
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Sat Aug 10, 2013
zold1 asked:
This is a new neighborhood; the only oil stains are in front of my house. The tenant has only lived here for one month.
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Wed Jan 30, 2013
Dawn Barrier answered:
I process the short sales and always have, and I do advise my clients to seek the counsel of an attorney as well if they need to.

I have clients who have hired an attorney for consultation, but the attorney did not process the short sale with the bank I did.

I also advise my clients to consult with an attorney at any time before, during, etc the short sale process and many attorneys now are offering a free consultation or minimal fee to review the short sale letter, etc. as I have one to use if needed when we do a short sale.

Back a few years ago no attorney in town would touch a short sale, and most would just tell the seller to file bk, things have changed now.

But many you see in the news or putting on the ads do charge a hefty fee of several thousand dollars to do a short sale as well as upfront fees.

Either way can work and a combination can work too, but the attorneys should leave the listing part to the agents. (JMO)

A good attorney and agent can work hand in hand on a short sale if necessary.

If I have a client who wants me to list their home as a short sale and they want to pay the attorney to process the short sale that would be great too, but most of the short sales I do, the sellers don't have any extra $ to pay to the attorney.

An agent should always refer to an attorney with regards to the legal aspects as that is not part of the agents job, (unless they are also an attorney too)
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Sun May 20, 2012
Kathy Frazier answered:
Hello! We are interested in a rental or lease option home in N Las Vegas area, what can you tell me about this home? Kathy
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Thu Apr 12, 2012
Ron Thomas answered:
There are many rammifications to what you want to do:

It sounds like you are not really financially stressed; you imply that you are just upset that your house is worth so much less than you owe; called, being UPSIDE-DOWN.

Just being upside-down is not a good justification for not paying; and you could end up paying dearly, if you do.

First of all; your credit will go to heck and stay there for up to three years.
Secondly, you will go a period of stress that few will warn you about; sleeplessness and irritability that you will remember always.
Thirdly; you will probably be pursued by your lender for the DEFICIENCY; the money that they will lose. Nevada is a RECOURSE state and the lenders will surely start filing judgements against some people. Particularly if you do not have a legitimate HARDSHIP.

The Government and the Lenders are looking carefully at the supposed HARDSHIPS that homeowners are experiencing.

Fourthly; the exemption that the Feds have given us for Taxes on the paper-profit are going to expire, probably at the end of this year, and you could be liable for some unexpected taxes. You may want to talk to your tax person on this.

You could drag this out for a year or two, trying a Shortsale, or maybe a Loan Modification.
If you are like a lot of Homeowners, you could augment your lifestyle from the windfall of having extra cash each month because you are not paying your mortage: Then, when you find yourself HOMELESS, you will also have no money because you haven't SAVED that money.

If there is a way for you to hang on, negotiate with your Lender and make reduced payments; you will be better off in the long run.

Like I said; there are many ripples in this pond and you should know what you are getting into.

Good luck and may God bless
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Tue Dec 28, 2010
Myra Gouger answered:
You would have to visit the area to make that determination. It depends on what your goals are. Some people only like to buy distressed properties and others like to choose pristine properties. So, figure out your goals first before going to an auction. To buy at auction, you generally have to go to the auction in person. Also most of the time at an auction, you have to pay for the home in cash. Be careful what you are buying. The auctioneers like to create excitement. Most of the time, the home ends up selling for more that you could have bought it directly from an agent with a listing showing in the MLS. Take your comps with you. Don't overbid. When the bidding gets too high for the home, stop bidding. I have attended auctions and watched homes sell for way more than they should. I have also gone with clients. They chose the ones they were interested in. We visited each interested home before the auction. They got a good price, but only because of all the homework I had done for them before we went. ... more
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Wed Sep 15, 2010
Mark Fleysher answered:
I'm very sorry to hear about the passing, it hurts, we had a discussion about that today on one of my blogs.

Remember, your agreement is with the Broker, not the Agent. Contact the Broker, and let them know what's going on... if you're unhappy, request to cancel your agreement with the Broker and locate an Agent you find will be proactive for you. ... more
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Fri Sep 10, 2010
Mark Fleysher answered:
You can do it online. If you e-mail me, I can guide you. :)
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Fri Dec 4, 2009
Dallas Texas answered:
Crime is always a concern NO MATTER what community

Few options
a) Police Department website or contact their office
b) Zip Code search via google
c) Speak with local merchants or residences of area

National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
Follow me on Twitter: http://twitter.com/Lynn911
Lynn911

http://www.lynn911.com
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Fri Sep 25, 2009
Roberta LaRocca answered:
Hi Smove715,

According to available records, the home had been turned over to an asset management company for foreclosure, and on 9/14 they transferred the trust deed to Fannie Mae. So it is now a bank owned property, but it may be a while before it becomes listed for sale.

I'd also add that wherever you may have seen a listing on this property, the information isn't always correct. Most foreclosure listing 'services' take raw data from public records. I've had many calls about bank owned properties that listed a ridiculously low price, particularly where an asset management company was involved in the transaction. What may be listed as 'price' can often be the fees paid for the management company's foreclosure services that are listed when transferring the deed back to the note holder, NOT the sales price of the home.

If you want accurate up-to-date information about what is actually listed and the correct price, simply go to a REALTOR® for the local MLS. It can save a lot of time chasing internet listings that either aren't for sale or shown at a price that may not be anywhere near reality. Best of all it's a free service that delivers them and any newly added, direct to your email inbox.

Hope that helps, and any other questions just get in touch.

Best,
Roberta
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Thu Aug 6, 2009
Bad A$$ Appraiser answered:
You can get the original builder if you get the county records for the subject property. The recorders office will have all recordings on file for all of the previous owner. if you want the original blueprints for the property you can check with the assessors office but usually they will only have the original floor plans submitted prior to building the development...if any changes were done you will have to go thru the building inspectors offices. ... more
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Wed Jun 17, 2009
Julie asked:
bank and tell them you want a deed in lieu of foreclosure. While that is going on you should buy another home that is bigger and less money than your current mortgage. I know several (over…
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Fri May 22, 2009
Shelby asked:
I made an offer and they countered offered. I accepted the offer then my agent noticed they didn't sign one spot. They keep saying they are sending it, but it's been a 5 days already.…
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