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34286 : Real Estate Advice

  • All20
  • Local Info2
  • Home Buying8
  • Home Selling3
  • Market Conditions0

Activity 16
Wed Jul 12, 2017
FHA MORTGAGE LENDERS- Min 3.5% down payment minimum 580 fico or 10% down with a 550 fico. Seller paid closing cost up to 6%. Gift from family OK! Florida FHA mortgage lenders have the ability to approve you to purchase a home 3 years after a foreclosure, 2 years after a chapter 7 bankruptcy and 1 year after a chapter 13 bankruptcy. Please Note- The 3 year waiting period after a foreclosure starts when the title/deed is transferred out of your name. ... more
0 votes 7 answers Share Flag
Wed Nov 19, 2014
Randy and Vicki Biehl answered:
For an accurate estimate on a homes value you 1st need to identify the property that you're interested in. Only after you've done that can a realistic CMA be done, there are just to many variables with out having a subject property, just and area, age and size of a home is not enough to get you a good value. ... more
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Tue Jun 10, 2014
Randy and Vicki Biehl answered:
Sun Sep 15, 2013
Tammy Hayes answered:
I haven't been able to find a local lender that will, but I have a customer that says a lender will in another state. I would call a few lenders and ask the question.

Tammy Hayes, Realtor
Green Lion Realty
... more
0 votes 1 answer Share Flag
Mon Sep 2, 2013
Christina vazquez answered:
These guys are part of a larger real estate wannabe group... here are some of the other ads... they go under different names but all the same number and the same guy answers every time. Plus i looked up the business names.. and could not find them
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0 votes 4 answers Share Flag
Fri Sep 7, 2012
Tammy Hayes answered:
Here is the City of North Port web site that you can go to in order to see the schedule for the North Port road rehabilitation project.

Tammy Hayes, Realtor
Green Lion Realty, Port Charlotte, FL
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0 votes 1 answer Share Flag
Fri May 4, 2012
Alma Kee answered:
If you go to your County Clerk's website you may be able to pull up the upcoming foreclosure sales at the courthouse. Also you may be able to find upcoming Tax Deed sales. Some County Clerk websites offer easy to find info and even have online bidding so you don't have to trapse down to the courthouse to bid in person.

You will have to pay ALL CASH for 100% of your bid within hours. You also will NOT get a clear title with title insurance and you cannot inspect and cancel if you discover significant defects. This is not for the risk averse and those not willing to pay upfront for title searches and also do a lot of homework before bidding. Some liens will survive the foreclosure and be sure to do your due diligence if buying a Condo. I've heard horror stories of condo associations being able to collect huge sums of money "post" foreclosure. You may want to consult an attorney before bidding on a condo.

Also HOAs and Condos are foreclosing their lien but the mortgage(s) will survive and not get wiped out at foreclosure.

Do your homework and you may capture a bargain. If you don't have ALL CASH then this is not an option for you.

Otherwise, find a local Realtor to get you in to bank owned listings the first day on the market and submit your offer the first day!

Good luck!

All the best,
Alma Kee
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0 votes 6 answers Share Flag
Mon Apr 18, 2011
Tammy Hayes answered:
There are a lot of short sales and foreclosure properties in North Port that are not in such great condition, but you can get good deals on homes. The outside of the property is generally taken care of because the City of North Port will give a fine to anyone not mowing their lawn. Bank owned homes have someone take care of the exterior of the property. North Port is mixed with some older but many newer homes.

I have sold many homes in North Port that have turned out to be wonderful homes for the buyers. I have people that live here year round with children as well as snow birds. It is best to drive around the neighborhoods to see which areas are most appealing to you.

Check out the City of North Port web site if you would like more information on the city itself.
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0 votes 5 answers Share Flag
Mon Feb 22, 2010
Gary Benjamin answered:
You should have consulted your professionals first before closing on the loan. You can rest assured that your builder knows when they will get the first draw. Your contractor had to agree to the terms of his draws when he signed the deal with your lender.. ... more
0 votes 3 answers Share Flag
Tue Aug 18, 2009
Kevin Sliva answered:
Hi Andrea,

Easiest and simpliest answer is to counter the offer with a higher price. Best answer would be to consult with a local Real Estate agent in person to better service all of your questions and needs. In the end, it is your decision to sell your home and you can accept, reject, or counter any offer that comes to the table.

I agree with Andrea, if you don't have any hardship in making your monthly mortgage payments, your lender will most likely never approve a short sale.

Hope these answers all help and best regards,

Kevin Sliva
L.W. Reedy Real Estate
Elmhurst, IL
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1 vote 3 answers Share Flag
Sat Oct 11, 2008
Mott Marvin Kornicki answered:
I really don't know! The exact amount of time depends on several factors.

• Backlog of the court
• Motivation of the pre-vailing party, usually the plaintiff
• Lender's policy
• Weather conditions
• ?
Get packed and move on!!!
I have seen the eviction proceedure happen withing 5 days. From what I read at the link below, it is quite clear that a minimum of 30+ days that you could possibly stay.

Mott Marvin Kornicki, Broker/Associate
Sunny Isles Beach, Florida
Real Estate Professional in Miami
... more
0 votes 1 answer Share Flag
Fri Oct 10, 2008
Dallas Texas answered:
Contact an attorney therefore no statements made would be to your disadvantage sorry to hear about your situation.
0 votes 1 answer Share Flag
Fri Oct 3, 2008
Shannon Moore - The Moore Team answered:
We have seen it take up to a year but it really depends on many factors. Have you tried calling the bank to negoiate your payments or terms? Have you talked to anyone about the possibility of doing a short sale? There are many options out there and we would be glad to discuss some of your options if you would like to give us a call.

We live and work in North Port.

Roxanne Moore, Realtor
Re/Max Anchor Realty
North Port, FL
... more
0 votes 8 answers Share Flag
Mon Aug 25, 2008
Jim Soda answered:
Reduce the home price and try to do a short sale. Sounds like you have an good hardship case, to begin with. It will take some time, persistance and patience. It may be your only way out unless you have the money to bring to the table for the difference of what you owe. Have you investigated anything with your lender or asked for their Short Sale Package? We sometimes us a 3rd party to act on behalf of the Realtor and Seller. They charge a fee which is usually paid by the Lender. Good Luck!
Jim Soda 941-809-7759
Prudential Palms Realty
Sarasota-Lakewood Ranch-Longboat Key
... more
0 votes 15 answers Share Flag
Thu May 22, 2008
Betsie Taber answered:
Is this something you want to sell or something you want to buy? Since you are identified as a home seller, I will assume the former. There are many different house values.

The market value of your home is what the market is willing to pay for it and that will be affected by the number of competing properties. If there are many similar properties, the market value of your home tends to go down because customers have many choices. The replacement value of your home is what it would cost you to rebuild the house. Unfortunately, there are properties right now whose replacement value is much higher that their market value. The appraised valkue of your home is what an appraiser would tell you your house is worth after looking at comparables, market conditions, condition of house,... The assessed value of your home is what the tax people will use to determine your property taxes. ... more
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