Yes, the broken dual pane window will be a problem. Actually not a problem, but the VA appraiser will require it repaired and perform a follow-up inspection.
Can you pay? Excellent question!
As I am sure you are aware, there are cost associated with a VA loan that the Veteran cannot pay. I have not heard a repair as one among them, but as agents we caution Buyers not to improve a property they do not own.
Contact your lender for an answer straight from the horse's mouth. They will know best
A home inspection passed with "flying colors." Good for you!!
You need to have your real estate agent contact SPS. SPS is a servicing company. Your closing may be delayed due to additional documentation being required but communication will be key. I wouldn't sit and wait. I would be pro-active & try to find out what is happening.
SPS = Select Portfolio Servicing.
3815 S West Temple, Salt Lake City, UT 84115
Phone:(801) 293-1883... more
It sounds like a great home, I know you'll sell it if you haven't already.
With regard to the medical conditions, you might look into cannabidiol (from industrial hemp). It's successfully treating hundreds of conditions once thought to be lifelong. Cancers, epilepsy, MS, COPD, diabetes, and much more are responding to this simple extract. www.CannabidiolHealthBenefits.com... more
Just don't let a realtor put you on this automated list. They will find out what you are looking for and then a computer will generate lists for you. Since contacting one realtor I received 3 houses in 4 months. Doing better on my own with Trulia.... more
We have a 3 br, 2 ba on 8+ acres, log cabin, completely furnished including all major appliances, linens, equipped kitchen. Has state of the art water system, water storage, and a shed. 1200 sq. feet. Volunteer fire and EMT. 23 miles from Springerville AZ for shopping, health needs, etc. Half hour from Quemado. Power, septic system,beautiful view, privacy, move in today. $149,900. Contact Bbarb3@aol.com... more
Not only can you get an FHA loan here with 3.5% down or less, there are some lenders that will do it with a credit score lower than 620, but more importantly, there is a HUD program called the Neighborhood Stabilization Program (NSP), through which you can buy a home with little to nothing down and the city or MFA (outside Abq city limits) will subsidize you up to $50k by providing a soft 0% second mortgage! What does this mean? Well I found one for my daughter's 2nd grade teacher, and it worked like this: the house was purchase by a local contractor for $120k and he spent $50k to remodel it. My daughter's teacher and her husband then put it under contract for that total of $170k, but they only qualified for $120k, so the city subsidized the remaining $50k, meaning they are now living in a fully remodeled 1800 sqft 4BR 2Ba home near Eubank and Constitution paying only $862/mo! Now, if in the city, the soft second does need to be repaid when they sell it, whether that is five years or 50 years, but they never have to make a payment on it! If this house was in Rio Rancho, it would fall under MFA's administration of the program, and they offer full forgiveness of the soft second mortgage if you live in the home for 10 years! So, you can see how this can accelerate your financial plans, and put you in a nicer home than you might normally afford! Please contact me any time for a list of these homes, there are only about 15 or so left, not sure if more funding will extend the program, so act now. Happy House Hunting!
I agree with All of the answers below and have a little to add.
My Husbands' late wife did their bookkeeping and she was very proficient at it. They had a Tax Attourney, and Accountant, and everything was do exactly as it should be. In the last stages of her cancer she filed but did not pay payroll taxes for 2 quarters, but with her death shortly after it was overlooked. This was in 2007. The IRS came looking for their money this year, and as the others stated they were ready to lien our property and would have continued to add fees and penalties. A 4000.00 tax bill turned into 13,000.00 in 3 years. Thankfully our Accountant was right on top of things and was able to fix the problem.
RUN don't walk to your nearest help. I know that they're expensive, but it's better than going to jail, having your home seized, or the best case scenario having a lien placed against it.
Vince, the non-disclosure issue it accurate and an agent should only be disclosing when they are presenting comparables for a potential listing. We can't even advertise (ie), 429 Main Street sold for $125,000...Go ahead and have a market analysis done and be forthright with the agent on the reason you are doing so, (just curious, may list, may sell on my own, etc.). Zillow obviously makes things up because there is no data feed on sales price they could be using for NM. I'm confident you'll find an agent to help that won't bug you for eternity (if you were worried about this...). Remember, an analysis is one person's opinion and although the data should provide an overall idea, I've seen 3 appraisals on the same home with 3 different values (and square footage I might add) so it's not an exact science.
If you purchased in 2005 on, chances are, there is relatively flat value growth. While you keep seeing agents say sales are up, prices are typically not. Again, I stress the number of short sales and pre-foreclosure activity because that's the indicator of value to come. These type of sales drive value down. I was showing homes in Rio Rancho last week and of the 8 we saw, 5 were short sales all within a 1 mile radius. A buyer will think twice about purchasing in an area where the value is declining...things that impact value...and the appraisal.
I think it would be a lot of work and money to get a real estate license for the ability to look at comps. What about training for appraisal work, you would have access to the comps then, it would cost less and you could get paid to use that knowledge!
Not only are the number of sales in your area of Rio Rancho pacing higher 2009 vs. 2008, but the number of homes selling are also up July over June by 9%! I agree with Rich that the first time homebuyer $8,000 tax credit has a lot to do with this wonderful activity, making right now finally a very opportune time to sell. Nevertheless, whether or not your home will sell fast and for a reasonable price is a function of pricing it correctly and delivering a very polished presentation. If you would like specific information on your home, please visit (cut and paste this address into your browser): http://www.nmhomesonline.com/home-seller_worth-rio-rancho-corrales-albuquerque-new-mexico-real-estate.asp. Please let me know if you have any other questions that I can offer you great service with!~
My staff should be able to get this information for you with out a problem. If you need help on this matter please contact my web address www.ColdwellBankerLegacy.com/Mark.Wingert or Mark.Wingret@ColdwellBankerLegacy.com... more