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North Royalton : Real Estate Advice

  • All25
  • Local Info2
  • Home Buying7
  • Home Selling1
  • Market Conditions1

Activity 12
Thu Aug 4, 2016
Invstnlfp answered:
I work for a direct lender in the mortgage industry who offers FHA VA, and USDA loans in 47 states down to a 550 credit score. Are lowest score we accept for government loans are 550 when most lenders require a 620 and brokers a 580. You need to have two years of income with a score over 550 with bankruptcies discharge date 2 years and over. We have basic guidelines and a pretty easy process. Feel free to text me or call me anytime up to 10:00pm Eastern with any questions.
Brian Young 214-797-3479
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Mon Feb 23, 2015
Michelle Stanifer answered:
Just so this question doesn't sit out there with answers that violate licensing law for anybody reading through these looking to resolve their own questions, I would like to answer this, despite the age of the question.

First, license law requires that when a Realtor collects a check from a client, that check is to be deposited immediately into the broker's non-interest bearing account. Realtors are NOT permitted to "hold" checks. That is why we use Promissory Notes. If your Realtor does not intend to collect the money yet, he or she will have the client sign a Promissory Note, which is a promise to pay at a future date and describe in the offer the conditions that must be met before the note is collected.

Second, if the seller has signed the offer, regardless of whether the bank has approved it yet, you are under contract with that seller. The property is in "Contingent" status, which means that you have a contract that is contingent upon certain conditions being met, whether that would be bank approval, a satisfactory home inspection, and/or loan approval.

Your contract states that all parties will, in good faith, make every effort to cause all of the conditions to be met to complete the transaction. If you withdraw from the contract without good cause, good cause being that the bank declined the offer, the home inspection failed or the lender declined you for financing, and a good faith deposit had already been collected from you, you do stand the risk of losing your deposit to the seller.

The seller must agree to release you from your contract with them and must agree to return that deposit to you. The seller may release you but make a claim for the earnest money, in which case, you may have to arbitrate to have it determined who will receive that money. If your agent has collected money from you and has not deposited it to the broker's holding account, and the seller declines to return your earnest money deposit, he or she can not only be on the line for that money but has also created a situation that puts his or her license in jeopardy.

I hope this clears up any questions and corrects any misinformation that was stated previously.
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Thu May 1, 2014
Carla Pickering Ochrin answered:
We been looking to rent a home with reasonable rent, but all we find are apts here.
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Fri Jul 26, 2013
Alison Hillman answered:
Get started here:,OH/SINGLE-FAMILY_HOME_type/

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Thu Jul 18, 2013
Lenderbradford answered:
Ljkminski, Per this link they are $248.00. I would suggest that you contact a Realtor to verify exactly what is included/covered. I wish you success in the search for a home. If you need to find a realtor, you can give me a phone call and I can likely make a referral to you. ... more
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Mon Jul 1, 2013
Cecilia Sherrard answered:
Your school will depend on your address, but you will be living in North Royalton, so that should be your school. If you need assistance with the home buying process, feel free to contact me anytime. I'd be happy to help as a buyer agent and it's 100% free.

Cecilia Sherrard
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Wed Jan 30, 2013
Mary Newrones answered:
What cities are you concentrating on? I'd love the opportuniy to help you.
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Thu Nov 15, 2012
Bob Kienast answered:
With all new clients, it is important to discuss motivation and expectations. It is also important to realize that a clients motivation can Change unexpectedly. Keep an open dialog with your agent so that he or she knows what your expectations are. I always try to be crystal clear with what my clients expect in the way service and communication. ... more
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Wed Nov 14, 2012
Maria Gilda Racelis answered:
Most likely, foreclosed homes are SOLD as IS. There are no room for negotiation. However, there are instances when banks will consider repairs or replacement and it is a case-by-case basis. The bottomline for the resiliency is determining if agreeing to repair request makes more economic sense than putting it back on the market.

There could be multiple parties involved in the decision making in foreclosed homes. But don't let this faze you. Nowadays, banks act quicker than what they used to be. Moreover, the bank's sales addendum supersedes the actual Real Estate Purchase Contract. So make sure you understand the fine print.

In a normal or traditional sale, you are dealing with the sellers--which, to many, makes it less complicated and simpler.

If you are working with a competent realtor, you will be guided throughout the process.
That is why it is important that you interview local realtors and take it from there.

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Fri Oct 8, 2010
Michelle Green answered:
I would strongly suggest you call another lender and start off fresh with a loan officer that understands what your real estate goals are. It sounds like you would benefit the most from an FHA loan and if this is for investment purposes, I would consider looking into a Home Path program. If this is an investment, you will find condos are much harder to purchase, well, require more investment up front and many can't be purchased with an FHA loan. I'm certain with a knowledgable Realtor, such as myself and team as well as a lender I can help you find a great property. I would be happy to talk more with you, please feel free to call me or e-mail me. All my infromation is available on my profile page. I look forward to hearing from you. ... more
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Sat Jun 13, 2009
Elwood060 asked:
This home is in North Royalton! on Drake Rd. it is being foreclosed for somewhere around 56 or 57 thousand. I visited the home an fell in love. would love to find out more details an see…
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Thu Apr 30, 2009
Bob Kienast answered:
I make sure all my listings are featured on Trulia as well as Craigslist and Zillow. If you send me your address, perhaps I can look it up and give you a more specific reason why it's not showing up.

Bob Kienast
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