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Orleans County : Real Estate Advice

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Activity 15
Sat Feb 18, 2017
If you have the money for closing costs and deposits, what you could do is instead is use the funds you have for the closing costs and deposits for a down payment. Then you get what's called a "sellers concession" and use that to cover closing costs.

FHA only requires 3.5% down and they allow you to get a sellers concession for 6% of the sale price.

So if you are for example buying a house for $100,000 you would be allowed up to 6% ($6000) as a sellers concession to use for closing costs. So $6000 gets credited to you to use for closing costs. You would then need 3.5% down payment ($3500).

As another option there is 100% financing available through a USDA loan. There are income restriction and area restrictions on these loans.

I'm a mortgage professional. If you have any questions or need any help you are welcome to contact me. I'm available almost 24/7 and can lend nationwide.
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Tue Aug 2, 2016
Markzjordanz answered:
No credit check, 1 percent interest 30 year fixed, 4.5 proof of funds in which u can use vet status or 401k, the property has to be appraised at 350 k and up. 30 day close, 8037576801
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Mon Apr 13, 2015
Cherise Oakley answered:
I know Tony and am affiliated with his extremely successful business. He has the means to hire a lawyer. Hey Tony! Haven't talked to you in a few years. Could this be a label put on the home because of the previous owner? I think he had prior financial difficulties. ... more
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Thu Nov 27, 2014
Kathy Burgreen answered:
Legally, you can purchase a property thru the listing agent who will have to be impartial to both parties. However, it is in your best interest to work with an agent who will represent you exclusively. A few reasons are: a buyer's agent will tell you how long a specific property has been on the market, if any previous offers were accepted, if any previous contracts fell thru, remarks that are only for agents to view but may assist you in negotiating a fair price, any future developments in the neighborhood that you may not be aware of. Listing agents are hired by the seller and do not have to disclose any of these facts to the buyer. ... more
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Tue Sep 30, 2014
FHA does not require a long credit history. But Lenders will need to see that you have handled your financial obligations responsibly, be it one account or many.
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Mon Jan 27, 2014
Tim Moore answered:
No. You can't just add more debt to the current loan. You could refi for more, if the property will appraise for more, and take cash out to pay off the judgement. Or you can get a home equity loan on the property, again only if there is plenty of equity in the property, and then use the home equity loan for anything you want such as paying off the judgement. But the lender will not allow you to just add more to the current loan and give you cash. ... more
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Mon Jan 27, 2014
Froyce1 asked:
Mon Sep 23, 2013
Michael Levy answered:
Hi: We sell a lot of land in Putnam County. I can certainly help you figure out what it's worth. Please feel free to call me at my office anytime so that we can talk about the value more. Sincerely, Michael F. Levy, Principal Broker, Grand Lux Realty,, 914-273-9688. ... more
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Thu May 16, 2013
Alison Hillman answered:
You can contact the listing agent who will be able to help you learn more about that specific property (and probably will know a lot about similar properties in the area). To find an agent, just click on the yellow button on the property's Trulia listing and you will be able to start a dialogue.

Please let me know if you have any questions or if I can help with anything else. I am happy to be a resource for you. Good luck with the search!

Ali, Trulia Voices Community Manager
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Sat Nov 10, 2012
Lori Kleinschmidt answered:
The taxes on this home are approx. $15,000
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Sat Aug 25, 2012
kderoller asked:
With declining school enrollment, just wondering if the school plays a reduced roll in a sale as it did five years ago?
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Tue May 22, 2012
Anna M Brocco answered:
For an accurate answer check with the local building's department...
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Thu Apr 26, 2012
Anna M Brocco answered:
Since no link is visible, either contact the listing agent, or any local agent/realty office can provide the information, or work with an agent of your own, or contact the local tax assessor's office. ... more
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Fri May 7, 2010
Bobby asked:
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