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Panola County : Real Estate Advice

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Activity 14
Mon Jun 12, 2017
Mary answered:

Thank you for reaching out. Please be advised that the edit home facts feature is temporarily removed. We are currently working on improving the feature but do not yet have an ETA on when it will be back on the site. Please let me know if you have any questions about this and I am happy to assist however possible. Thank you and I apologize for any inconvenience this has caused.

Thank you for using Trulia!

Consumer Care Advocate
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Sun May 28, 2017
Scott Godzyk answered:
The problem with a pre foreclosure is it is still owned by the current home owner. They most likely are behind in payments and most often owe more than the house is worth not being able to sell it. The bank does not own it to be able to sell it. The current owner sure wont want to help someone else take their home away ... more
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Thu Jun 23, 2016
Sally Grenier answered:
Do you mean your offer has been ACCEPTED? ("excepted" means something totally different). If the house does not appraise for the agreed upon purchase price, then several things can happen:

1. Seller reduces the purchase price; or
2. Buyer comes up with the difference; or
3. Combination of #1 and #2; or
4. If buyer and seller cannot come to a resolution you can terminate and find another house.

FYI -- you really should be asking your REALTOR this question.
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Thu May 12, 2016
Rm.avery.333 asked:
My credit score is 600 I can't find a bank to refinance with poor credit score I have about 20.000 in equity any ideas?
0 votes 0 Answers Share Flag
Sat Jun 13, 2015
Kgcopeland1 answered:
Trulia I now see is a failure for buyer and seller alike! I tried to use simple search filters as I do on like price, bed rooms, bath rooms, sqft. and if I use any of these filters I get 0 results.
Very frustrating therefore I have requested to have all of my personal information removed from their web site.
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Sat Jan 18, 2014
Stephanie Stewart answered:
What is the address or listing number of the property you're asking about?
Feel free to call me at 662-816-1217 if you'd like to discuss this listing over the phone.
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Tue Aug 20, 2013
Keith & Kinsey Schulz answered:
What drew you to the house when you bought it? What sets your property apart from the rest? What does your home have that is of high demand in your area (school district, yard size, etc)? Think about these questions and the answers are likely your great features that will attract a buyer. ... more
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Wed Oct 26, 2011
Annette Levinson answered:
Go to your local nonprofit housing group for credit counseling. They will review your credit report with you and let you know what you have done wrong (you have problems if you have a 587 score). They will let you know what you need to do to improve your score. Listen to them and do it. When you score is 640+ then think of buying a home. ... more
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Wed Aug 31, 2011
Shane Milne answered:
I'd be happy to look over your credit to see how things look, I just helped someone buy a home in Olive Branch. What is the "recent hit" you speak of? If it's not more severe than a 30 day mortgage late then your credit may be fine.

$130k owed vs. $175k value is approximately 74.2% loan-to-value, if this is a rental property you could be restricted to a 75% LTV refinance limit, as that is the standard set by Fannie Mae & Freddie Mac.

However are your mortgages owned by Fannie Mae or Freddie Mac? If so, then you could be eligible to refinance into the Making Home Affordable loan program. The underwriting guidelines tend to be a little bit easier for this refinance.

You can read the government’s info on it at but basically it’s a loan program that allows someone to refinance up to 125% of their home’s appraised value – but with the caveat that your current loan needs to be owned by Fannie Mae or Freddie Mac in order to be eligible. is Fannie Mae's loan lookup page & is Freddie Mac's. The other is that your loan must have been originated before June of 2009.

Even though the loan program goes to 125% of your home’s value, the only lenders seemingly going that high are your existing mortgage lender, because it’s a pretty high risk. When you go to a new lender, most are just going to 105%. Further, not many lenders are offering this program on rental properties either, just primary residences or second homes. However we offer it on investment properties, but cap out at 105%.
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Tue Aug 2, 2011
Scott Godzyk answered:
Bad credit plus self emplyeed are very bad for being able to get a mortgage these days. The only savior may be if you have enough equity in your house to refinance. You will want to meet with a local and trusted mortgage broker, they can prequailify you at no cost, they will look at your credit plus your financials and let you know if there are any mortgages that you may quailify for in order to refi.

Please see my blog for advice and tips to get a mortgage.
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Sun Mar 6, 2011
Anna M Brocco answered:
If you are concerned about safety, for accurate and up to the minute information contact/visit the local police department and ask all questions, hear all there is to hear firsthand. If unfamiliar with the area, do visit more than once and at different times of day. For school information see link below--if the property meets your financials, wants, needs, lifestyle, know you'll be happy there, etc., then you're probably making a good choice...a decision only you can make.
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Fri Jun 25, 2010
Smith answered:
You can go to the USDA website and type in the address. or google USDA and go to site. Look up property eligibility on left side, then you can type in the address to see if its eligible. I work for Wells Fargo but we don't have any funds for USDA right now till Oct, check with your lender to see if funds are available for USDA. ... more
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Tue Apr 21, 2009
Dana Schuster answered:
According to the NAR(National Association of Realtors) FAQ sheet about the credit,a first time homebuyer is defined as someone who has had no ownership interest in a home for 3 years.
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