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Home Buying in Owasso : Real Estate Advice

  • All51
  • Local Info6
  • Home Buying17
  • Home Selling1
  • Market Conditions3

Activity 22
Sat Aug 5, 2017
Qualifying For A Kentucky Mortgage After Bankruptcy

Home Buyers can qualify for a Kentucky mortgage after bankruptcy:

2 year waiting period to qualify for FHA Loan to qualify for a FHA Loans after discharge of Chapter 7.
One year into a Chapter 7 Bankruptcy to qualify for a Chapter Loan into a Chapter 13 Bankruptcy repayment plan.
No waiting period after a Chapter 13 Bankruptcy discharge date.
4 year waiting period to qualify for a Chapter 7 Bankruptcy discharge date to qualify for a Conventional Loan.
Two year waiting period to qualify for a Chapter 13 after Chatper 13 discharged date to qualify for a Conventional Loan.
Four year waiting period to qualify for a Conventional Loan if you had a mortgage part of bankruptcy but the foreclosure needs to be be finalized

Joel Lobb (NMLS#57916)
Senior Loan Officer
... more
0 votes 6 answers Share Flag
Sun Sep 27, 2015
Robert W Neill Jr answered:
A local agent should be able to tell you more about the market conditions in that area.
0 votes 1 answer Share Flag
Tue Jun 23, 2015
bhampton777 answered:
how do I list my house for sale by owner
0 votes 10 answers Share Flag
Tue May 19, 2015
Rhonda Schneider answered:
It depends on the site you are looking at and who submitted the information.
0 votes 1 answer Share Flag
Wed Mar 5, 2014
Adam Steidley answered:
The girl I refer to for mortgages has helped some of my friends who are self employed. She works for Gateway and they keep their loans so they are able to do some pretty good work.
Toni Rogers
Gateway Owasso

Adam Steidley
McGraw Realtors
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1 vote 2 answers Share Flag
Thu Oct 10, 2013
Steven Eddington answered:
If you are still considering renting with an option to purchase, please be VERY careful. These are complicated legal contracts that require specialized representation. If you are still looking for a LOCAL Realtor to help you, please give me a call. 918-636-4608. ... more
0 votes 4 answers Share Flag
Sat Sep 28, 2013
Guidelines have not changed, the problem is you trusted a rookie as your Loan Officer. Anyone in the business that's worth their salt knows the rules governing purchasing a home while retaining another.

I hear these horror stories nearly everyday and it just kills me! Here's the story. If you have been living in your home (not renting it out) and your LTV is greater than 75%, you will be hit with both mortgage payments. Period! If you can't qualify with both mortgage payments, then I am afraid you're out of luck unless you get a co-signer or sell your other home.

There are some Private Money options for you if you have 20-30% down, if not there is only one strategic way to handle this, but your hands are tied until January of 2014. If you can't find a way out of this mess, click on my profile and send me a message and I will at least point you in the right direction.

Sorry for the nightmare!
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0 votes 4 answers Share Flag
Mon Jun 24, 2013
Josh Barnett answered:
Fri Apr 12, 2013
Chasity Nimsey answered:
You can do an entry only listing with a Realtor, and get it put in the multi-list. The realtor will disclose that you are willing to pay 3%. You are still selling For sale by owner. I am a member of both The Norman MLS, and OKC Multi-list. This also will get it synced t to websites such as zillow,, Trulia, and much more. I would love to help you. ... more
0 votes 8 answers Share Flag
Sat Jan 19, 2013
John Cantero answered:
There are many great lenders in the area. I can help you find one based on the type of loan you are looking for and also what types of incentives you are looking for. Feel free to contact me about you situation and exacly what you are looking for and I would be more than happy to assist.

John Cantero
Real Estate Specialist
918-313-0408 cell
Search homes instantly at...
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0 votes 7 answers Share Flag
Sat Jan 12, 2013
Credit scores are important. They are one of 4 things that determine what type of financing you can qualify for, which affects which homes you can afford. You'll want stable income and some savings for the down payment, and a decent credit history. Probably the biggest thing you can do to help yourself buying your first home is to care-- to care about your credit, and to care how you spend your money. And get solid advice. Feel free to read my blog below for more detailed info on buying your first home. Hope this helps! ... more
0 votes 8 answers Share Flag
Sun May 1, 2011
Heather Cunningham answered:
Call Vines Properties at 918-371-9000, they have been doing owner carrys in Owasso for over 30 years. Also try Ascension Real Estate in Owasso 918-906-0744 has been doing them for awhile as well but requires more money down. ... more
0 votes 3 answers Share Flag
Sun May 1, 2011
Steven Eddington answered:
Hello R. Smith, Susie gave you the perfect answer. Almost everyone starts their home search online. Instead of you spending hours looking, let the computer do it for you! Call me! I'll set up that search for you. You'll know about every current and new listing as soon as it hits the market. Call or text anytime at 918-636-4608. Thank you, Steven Eddington, CENTURY 21 professional. ... more
0 votes 2 answers Share Flag
Tue Jan 25, 2011
Cindy Ash answered:
I understand how important it is to have older family nearby. To enjoy precious time and to be there quickly if needed. There are serveral areas with possibilities tp have family near.Are you considering pruchasing a home with these features now. wouled you be willing to renovate some potential to expand. With 17 years experience in all aspects, I can help you explore the areas you my have questions about.. I would love to visti with you and your parents to get a good ;picture of
what you a hoping for

Thank you,
Cindy Ash, Keller Williams Realty
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0 votes 4 answers Share Flag
Fri Dec 24, 2010
Mario Avila answered:
Lots of good inventory available in many different price ranges. The good thing about Owasso is it's central location to everything. You can also get a rural development loan and have lower taxes in Owasso making monthly payments lower than other parts of Tulsa. ... more
0 votes 6 answers Share Flag
Mon Mar 22, 2010
Steve Shafer answered:
Hey there

Realtors need to know whether the bank really owns the home or not. There are constraints for a lenders who put the loan into a trust. One of those constrains is they do not own the home.

the trust structure requires a robust market for replacement loans and tendering the original note for stock, securities. The deed is lost to the beneficiary (but only to the astute realtor or investor who ca idntify this world class banking sham!

Yes not every deal is the same....only most of the oloans held as toxic ad sub prime or non agency. We must understand who sell a loan into a trust cannot repossess or foreclose. therefore, the lender does not even own the home. Believe me and what I say. Your asking a lender who has no standing to sell you a home they cannot. It makes no sense.

Our research and experience is based on evidence and lots of it. This is something I know sounding to far out or even bizarre. Yes, thats what the lender wants you to think. Its not until the F/C sale that your seeing the lender actually taking title. The fact is you must compel the bank to liquidate the hoe to the owner or allow the owner to sell it at a you say a short sale.

Mr. Shafer Please.
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