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55119 : Real Estate Advice

  • All10
  • Local Info0
  • Home Buying6
  • Home Selling0
  • Market Conditions0

Activity 8
Mon Mar 21, 2016
MCM_STL answered:
You might not have to. A lender just wants to see a consistent earnings history. If you simply started new positions in the same industries you worked in before and are being compensated in essentially the same manner (ex. salary instead of base + commission), the fact that you've recently started new jobs might not stop you from buying.

Why not talk to some local lenders to get feedback specific to your situation?
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Mon Aug 24, 2015
Ray asked:
The 55119 area is HUGE. I only am looking south of 94. Is there a way for me to collapse the search area to the neighborhoods that I desire within the 55119 area?
0 votes 0 Answers Share Flag
Mon Apr 13, 2015
Dan Tabit answered:
Molly,
The only reliable answer will come from your mortgage lender with a complete application. There is just not enough information to say with any certainty one way or another. You may qualify on your income alone or if he was doing the same type of work as an employee before becoming independent, they may not need 2 years. Rather than speculate and create even more questions and possibilities, talk to a great local lender and see what they suggest. ... more
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Wed Apr 10, 2013
Russ Douville answered:
570 is tough in today's market. As others have mentioned, Rapid Rescore is a viable option for improving the score if there are quick changes that can be made. If improving your ex's score needs to be a more long term project I suggest checking out www.hocmn.org and meeting with a home ownership/credit counselor in your area. There are plenty of no-cost credit counselors out there, but these folks are free AND specialize in getting people into home ownership through both credit repair and mortgage options. ... more
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Sat Jun 30, 2012
Cameron Piper answered:
Nell,

Contact the department of Housing and Urban Development (HUD). What you are stating would be a violation of the Federal Fair Housing statutes and would be investigated by HUD. The state attorney general would not be a bad call either as there are seperate state statutes that this allegation could be investiagated under.

One word of caution however. What you are proposing is a very serious allegation and should only be complained if you are really sure that is what is taking place. Make sure you aren't mistaking a bank's underwriting criteria or guidelines for a racist roadblock to your loan.

Cameron Piper
licensed MN Broker
Coldwell Banker Burnet
612-839-4202
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0 votes 2 answers Share Flag
Wed Mar 14, 2012
Donald James answered:
Hi Jayjee,

There is good information below. Families can be difficult when it comes time to divide or allocate the estate. Try getting a BPO (Broker's Professional Opinion) so you have an idea what the property is worth. If your husband is willing to pay fair market value, and can get financing for the same, the siblings might see the value in getting cash out for themselves. If the siblings are also interested in buying the property the highest bidder should win. You need a professional Realtor who has worked with similar situations. ... more
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Sat Dec 10, 2011
Jodicongdon answered:
I have a beautiful first floor corner condo with very spacious 3 bedrooms, 2 full bathrooms, dining room / living room. Range, refrigerator and dishwasher are included. Cabinets are like new. Freshly painted, neutral colors throughout the condo.This unit includes an extra storage unit and a heated garage on the main level. Many extra guest parking spaces available outside. Walk-in closet in the master bedroom. This condo has shared lounge area by the elevator. Very clean and spacious shared washer and dryer room located on the 2nd and 3rd floor. Hard wood floors in the entry way and kitchen...Condo built in 2003. In Prior Lake, MN for 1300.00 a month

Move in condition. Walking distance to shops, restaurants, postal office, clinic, and bank. Close to HWY 13.

Tenant only pays electricity, phone and cable. Rent covers the association fee, heat, water and garbage.
Security deposit is equal to one month rent.
Available Now
Sorry, no smoking.
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Wed Aug 12, 2009
Dallas Texas answered:
Have you reviewed county tax records determine number of room count. If any question appraiser can determine exactly what the room would be considered to be.

National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
Follow me on Twitter: http://twitter.com/Lynn911
Lynn911
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