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Roswell : Real Estate Advice

  • All30
  • Local Info4
  • Home Buying9
  • Home Selling1
  • Market Conditions1

Activity 25
Thu Jan 14, 2016
Barbara asked:
Everything is repaired and legal on permits and added structures. is a single wide super size trailer. It is registered with the county as a piece of real property and has many…
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Fri Aug 14, 2015
Beverly Meola answered:
It depends on the mortgage.

Fannie Mae & Freddie Mac's waiting period is 4 years from discharge or dismissal date
FHA & VA - 2 years from discharge date
FHA Back to Work - 640+ credit score and 12 months of re-established credit with no late payments on rent
USDA - 3 years from discharge date

...waiting periods are subject to change and non-government sponsored loans will be different.
... more
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Fri Aug 14, 2015
Tony Grech answered:
It depends on the program and what your other qualifications are, including how large of a down payment you are able to put down.

There are some non-prime programs out there that permit you to get a mortgage one day after your discharge. However, the down payment requirements are large and the interest rates are steep.

FHA guidelines generally require you to wait two years after your discharge to be eligible to apply for a loan. In addition, you will need to have a squeaky clean credit profile during that 2 year wait AND you'll need to re-establish at least a couple new tradelines with at least a 12-month history or so. In some cases the waiting period can be shortened to 1 year, but only if you can clearly demonstrate that your bankruptcy was directly caused by job loss or a steep involuntary decrease in income.

For a conventional loan, the waiting period is 4 years and this is not flexible. You'll also have to demonstrate re-established credit.

Hope this helps! If I can be of additional assistance please let me know!
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Tue Jun 30, 2015
kellysweeps asked:
Please email if you have anything. I am moving to your area in a couple of months, I live in Arizona as of right now. We are not looking to spend no more than $500 a month if you have…
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Mon Jul 28, 2014
Jennifer Fivelsdal answered:
I have been in a transaction with this situation. We tried re-negotiating the offer. Seller decided to meet buyer half way and the buyer put down additional money. He too though the house was the one.
There is no legal recourse, you made an offer which the seller accepted , however the appraiser is valuing the home for less.
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Sat Feb 1, 2014
Anna M Brocco answered:
In case you weren't aware Google Maps and or Mapquest, are wornderful things for directions/distance...
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Tue Aug 27, 2013
Rod answered:
I agree. I looked at pics of a listing this morning of a house I had visited, and the person taking the picture showed the owner's furniture, not features of the house. The house had a beautiful mid-century fireplace wall and glass details to the side that weren't even shown. When I sold my home in Texas, I had to fix two things that were required to be fixed before the sale could proceed: a handle on the sprinkler system, and one shingle on the roof. In Roswell, homes are up for sale that need minor to major repairs, painting, updates, concrete fixed, etc. you name it! It seems like every property is a fixer-upper. ... more
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Mon Jul 1, 2013
Randall Ortiz answered:
Contact a lender in your area and they will be able to help you and answer your questions.
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Mon Jun 17, 2013
Jeff&gili Mcdaniel asked:
This question was asked from this property:
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Tue Jun 4, 2013
highdesertbnb asked:
Sun May 19, 2013
tablerockjack answered:
Well Gina, welcome to big government! Bureaucrats cannot get rich taxing the poor. I mean a government job only paying $50,000 plus with full benefits and retirement isn't much to receive when you consider how hard it is to work bankers hours with all known holidays off with full pay etc. Stuffing envelopes with bills and applying postage in a nice climate controlled office is really hard work!!!!! Unfortunately this is the new normal in America now. I guess we go along till we are poor or risk Obama putting us on the IRS hit list! ... more
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Tue Jan 8, 2013
Jerry Heck answered:
Property owners have to off set the costs of doing business. Tentants who damage the property or don't pay rent raises the costs for everyone. Also, periods of vacancy have to be concidered as well along with taxes and insurance. ... more
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Wed Dec 12, 2012
Leigh-Jo Anzures answered:
Hello Gina,

In most cases, Trulia will automatically index your home's listing. However, some times there may be an issue on the MLS side that prevents it from being included in Trulia's directory.

You can simply ask your agent to setup an account and add the listing manually.

Syan Real Estate
Call/Text: (505) 730-8181
... more
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Sun Sep 16, 2012
porreon_19 answered:
Crime is MUCH higher (and more violent) in the areas in ZIP code 88203 than in 88201. Do yourself a favor, if you are going to buy a house in Roswell, buy a house located north of Second Street! ... more
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Tue Jul 10, 2012
Leigh-Jo Anzures answered:
The debt could have only a single impact on your DTI, but the underwriter will ultimately be the determining source.

Syan Real Estate
Call/Text: (505) 730-8181
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Fri Jul 6, 2012
Leigh-Jo Anzures answered:
The questions below may help determine why your home presently isn't appearing in the search results.

1) Are you marketing your home as a For Sale By Owner?
2) How long ago was your home listed?
3) What type of listing is it (e.g. exclusive, pocket listing, etc.)?
4) Is the agent a member of the Board of Realtors and able to list in the local MLS?
5) In the listing agreement, did you opt to have your home marketed on the Internet?

Syan Real Estate
Call/Text: (505) 730-8181
... more
0 votes 6 answers Share Flag
Thu Mar 22, 2012
Nicole Callender answered:
This seems to be something unique to New Mexico or at the very least unique to your area. Whenever a property is listed, the annual property taxes must be included in the information here in Pennsylvania.
Also, when a buyer of mine is interested in any property I prepare an estimate of closing costs and their estimated monthly payment includes the cost of property taxes which is based on the assessed price of the property and not the sale price. It sounds as though NM has a slightly different system of computing property taxes.
... more
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Fri Jan 6, 2012
Mantas Raulickis answered:
It is very important to higher an experienced Realtor, who is very knowledgeable of the local housing market. Many years of experience are valuable. Ask for testimonials from all Realtors you interview. Professional, experienced Realtor will provide the highest quality of service you can get from a Realtor. ... more
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Thu Oct 13, 2011
Brad Davis asked:
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