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Riverdale : Real Estate Advice

  • All37
  • Local Info10
  • Home Buying5
  • Home Selling0
  • Market Conditions1

Activity 16
Sat Jul 16, 2016
Kathy4704 answered:
How can I obtain copy of my real estate plan property with all the measurement on it
0 votes 18 answers Share Flag
Mon Apr 11, 2016
Kevan Pewitt answered:
A title company or attorney can perform a lien search on a property. This is normally done once a property is under contract. This is not something you can normally research on Trulia or other public websites. ... more
0 votes 1 answer Share Flag
Thu Apr 23, 2015
Karen Peyton answered:
Good for Mom!!
It sounds like she's looking for a new first mortgage on the property. Have her contact a lender in your area to go over her lending scenario (what she has and what she wants to do) prior to making application. Since the property will become a rental, it "may" be to her advantage to rent it before she applies for a loan to show the income. Have her ask that question and many more, gathering several opinions.
Best of luck!
... more
0 votes 1 answer Share Flag
Sat Oct 25, 2014
John Arendsen answered:
If it's in the County you will need to contact the County of Riverside Building and Planning Dept. If it's in an incorporated City you will need to go to that City's building jurisdiction. ... more
0 votes 2 answers Share Flag
Wed Oct 1, 2014
Eugene Dean answered:
Did you ever get that security fence installed? If you did, I was wondering if you could give me a contractor recommendation. My chain link fence doesn't even keep stray dogs out of the yard. It is definitely time to beef up my perimeter.
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0 votes 2 answers Share Flag
Wed Jul 23, 2014
dbrown answered:
don't do it. this is a high crime area. if you can afford to live somewhere else you should consider that
0 votes 1 answer Share Flag
Fri Oct 18, 2013
Jim Simms answered:
I spoke to a gentleman last week that lost twenty grand doing this. Trying to “work around” the federal system that is in place to protect you increases your risk a lot more than you realize. Do you know how a mortgage underwriter will interpret the contract when it comes time to pay off the seller? They will follow the mortgage underwriting guidelines in place at that time. Most loan officer could not tell you how they will view it today much less a year or two from now. What I know for sure is that underwriting guidelines are constantly changing. They will be different a year from now. A new update to DU, Fannie’s underwriting software, will be released later this month, I hear some mortgage products are being terminated and others tightened again. How will it, or will it impact a lease option? Exactly, we don’t know!

If you just send me the money you want to toss out the window I will at least send you a thank you note.

Fix your credit issue and then buy a home.

Jim Simms
NMLS # 6395
Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. This answer is my personal opinion, has not been reviewed or approved by the company I work for. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.
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0 votes 7 answers Share Flag
Thu May 30, 2013
Dan Tabit answered:
There may be. I have heard that Wells Fargo Branches used to offer this, but not Wells Fargo Wholesale. A mortgage Broker would be another option, they often have several sources to shop your loan through. ... more
0 votes 1 answer Share Flag
Tue Nov 15, 2011
Tim Moore answered:
Ask your real estate agent to get this info for you if any is available. It is likely that you will have to have an inspection done once you get a contract on the house you like. A septic inspection can be done to determine the condition of the septic tank and the field. This will often require the tank to be pumped out and I try to ask the sellers to do that in a contract when I work for the buyers. Many places require a well to be tested prior to closing, ask you agent. ... more
0 votes 1 answer Share Flag
Tue Feb 1, 2011
John Walin answered:
Below is my answer to your other question you posted with the same probable intent.
0 votes 2 answers Share Flag
Tue Feb 1, 2011
John Walin answered:
Assuming you need a mortgage to buy the new place, probably not. First banks require 6 months of reserves for both house payments to avoid a buy and bail scenario. Some people have used the scenario you describe as a way to get into a better house and then once the new house closes, stop payments on the first house. Underwriting has gotten really tough! Also renting to a family member might be construed as not an arms length transaction. This scenario depends on so many factors. Job history and reported taxable income, Debt to asset ratios and of course credit score. For sure it would be easier to buy another house if you sold this house first. Banks scrutinize everything nowadays.
If you like my answer, please select best answer and give a thumbs up, thanks!
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0 votes 1 answer Share Flag
Fri Nov 26, 2010
Pat Settar answered:
You real estate agent or attorney can order it for you. If you are just considering it then you could request a copy of a previous one from the current owner. If they are unable to come up with it, you can try stopping by the township office. I have often been able to retrieve a copy this way by filling out a form and paying a small fee. Be aware that this is simply a copy from a previous owner and may not reflect additions or changes to the dwelling, fence lines etc. If you are just trying to take a look at the lay of this proposed plot you can also request a copy of the tax record from your local realtor or township office. It's also cool to check it out on google earth! Best of luck to you!
pat settar-
... more
0 votes 2 answers Share Flag
Sat Oct 2, 2010
Monir Mamoun answered:
Hi Nia, it's a very weighty question indeed -- I wrote a four part blog about whether it is the "right time to buy." It is not specific to Riverdale, but you should find good food for thought. Link below. Good luck! ... more
0 votes 1 answer Share Flag
Mon Aug 25, 2008
Brandon Schuppe answered:

My strong suggestion is to always negotiate. This is a buyer's market right now so take advantage of it.

Good Luck!
1 vote 4 answers Share Flag
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