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Home Buying in Parkesburg : Real Estate Advice

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Activity 12
Thu Aug 10, 2017
Gloriaehrlich5 answered:
Yes, I would agree with you're position, it can be hard at times to sell a home due to extenuating circumstances, not all candidates that come to view a home are able to get a mortgage. When time is of the essence in real estate sales, time is not on you're side. So if taxes and mortgage become due, and three months have run out, the home owner that has the burden to pay, must forgo and give the house to the bank. Sadly, situations that homes fall to short sales, or worse end up being foreclosed on, are then put back on the market, and flipped. Which can mean a contractor or people that have funds saved can make a good investment, and will still have review all costs attached to the title that have not been paid. The perspective home buyer will still have to come up with at least 20%, plus other unseen expenses that may not be clear until foreclosure company identifies a buyer as a good candidate with appropriate credit to move forward. Also a housing inspection should clarify the necessary updates and other problem areas that may need to done before the perspective owner decides the investment is worth the it. ... more
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Fri May 5, 2017
Deborah Evans asked:
Thu Apr 14, 2016
Sapnjaugusta answered:
Hi Ross, it depends on whether the property is sold as a Purchase and Sale contract through a listing agent or if it is on auction. A typical Purchase and Sale contract states that the property has to have clear title. In order to get a mortgage on the property, a lender will require that the property be free of any liens. You need to be able to have clear title. You could try to do a title search by yourself but I would recommend hiring an attorney to be sure. In some municipalities, you can check directly with the municipality and the information might be available online. However, this is not the case with property that is up for auction. Anyone who buys a property at auction has to be very aware of what they are buying. I just read an article today in the Orlando Sentinel about someone who purchased property at auction that was foreclosed on first by a homeowner's association. However, there was a bank note that was not addressed and the new "homeowner" was foreclosed on quickly by the bank. Not only did they not have use of the property, they lost all of their money and their is no legal recourse. In such a case, an attorney hired to investigate title might have saved the buyer a lot of money and aggravation. Donna Brady, Realtor, Exit Neighborhood Realty, Lake Hopatcong, NJ 07849 973-271-7417 ... more
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Sat Jan 2, 2016
Eaffourtit247 asked:
We are looking to get a mortgage with myself, my wife and her mother. Our credit scores are 580 with many negative marks, 640, and 690. However the income for the same people is 75k, 25k,…
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Thu Jan 16, 2014
Frederick Evans answered:
A short sale is a property that will sell for less than is owed the bank thus making the bank a third party in all negotiations. You can be certified to do so. I have two SFR Short Sale Foreclosure Resource, CDPE Certified Distressed Property Expert. Also you have properties that have been foreclosed on and are now bank owned (REO) and you can get a designation which I have to also represent the bank as a listing agent on the sale of the property.
Best Regards,
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Tue Jun 4, 2013
Dan Birch answered:
I am working with a buyer now who I was able to get qualified thru a special Chester County program which gave her $12,500 to use toward settlement costs and down payment. It took her about 35-40 days to be qualified. You have to have a minimum credit score of 640. If you do, please give me a call or email and I might be able to help you also. Dan Birch ... more
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Tue May 14, 2013
Edmund Choi answered:
Please contact me privately to discuss and not through this forum thread. Looking forward to being of assistance.
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Wed Jul 15, 2009
Brigita McKelvie answered:
Good morning, Jennifer!

There is no crazy question. It is nice to see that you are interested in knowing how to go about the process. The first step is to be pre-approved by a reputable lender, be it a bank or a mortgage broker. If you do not know who to ask, a REALTOR can point you in the right direction. The lender will take your financial information: income, expenses, car payments, credit card payments, etc. and see for what amount you qualify. They will also explain to you about the different loans that are available to you. With that information in hand, find a real estate professional that is knowledgeable, and one that you feel comfortable with, to help you find a home in the specified price range with whatever search criteria you may have.

If you would like to find out about the home buying process in more detail, attend my "First Time Home-Buyers Seminar". It is held at the Keller Williams Office in Bethlehem, PA. It's purpose is to educate the first time home-buyer. A title person will also be available to explain the title search process, along with a mortgage person and a REALTOR, which would be me. There will be hand outs and make sure to bring your questions. It is FREE and will be held July 22nd at 7PM. Bring anyone else that may be interested in finding out more.

Contact me for more information or to RSVP.

Have a great day!


Brigita McKelvie, REALTOR, e-PRO, GRI
Keller Williams Real Estate, Bethlehem, PA
Office: 610-867-8888 Direct: 610-393-9424
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Tue Jul 14, 2009
Howard Urbine answered:
Hello again Jennifer,
Credit is king. There are hard and fast numbers that you simple must be above to get a loan. When you say being "worked on", does that mean by you or a professional? If it is just being worked on by you, you could do more short term damage than good if you are not careful. It is best to speak to someone that knows the ropes. I have only heard bits a pieces from people that repair credit and it is a complicated dance they do to boost scores. If you would like the contact info for a local mortgage broker that works specifically with people that need credit advice and help, let me know.


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