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Sheboygan : Real Estate Advice

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  • Local Info2
  • Home Buying8
  • Home Selling1
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Activity 27
Mon Jun 19, 2017
Scott Godzyk answered:
It depends what the contingency is. If the buyer has a home to sell, yes 48-72 hour first right of refusals can often be bumped. However if it is a mortgage or inspection contingency, then the contract has to run its course and often buyers will not be shown that home as the sale is most likely to go through. I would search for homes not under contract and jump on the new listings as they come on the market ... more
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Sun Jun 19, 2016
Sally Grenier answered:
Your REALTOR needs to do this. If it's in the MLS, it's likely it will show up here eventually through listing syndication (if your listing agent's MLS has an agreement with Trulia). Otherwise, he/she could manually enter it here. ... more
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Thu Apr 14, 2016
MCM_STL answered:
If you're both on the loan, whatever happens impacts both of your credit scores. That also means that if she fails to pay (as her history says she very well might), you're on the book to cover this mortgage or you can not pay and your credit will tank too. Are you ok with that? More importantly, are you getting a contract drawn up to spell out what happens if she doesn't pay?

If you are buying property with anyone other than your legal spouse, there had better be a legally binding agreement involved to spell out each person's responsibilities, the consequences if they aren't met and what happens if one owner wants to sell but the other does not.

If I was in your shoes, I would start with a rental situation and make her prove she can stay current on rent for an entire year's lease before taking on the huge risk you're proposing here. That's a much lower risk situation for you.
... more
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Sat Apr 2, 2016
Samira2424 answered:
I have a great recommendation if your concerned about your credit report and score. Call 1-800-368-4193 make sure you ask for Alicia. Worked with her last year to help remove inaccurate items on my credit report. When I was first referred to her my score was 480, 432 & 466 after 1 month it went up 39 points and in about 5 months 109 points. She is very knowledgeable on ways to legally make both the credit bureaus and creditors do the right thing, and in doing so the items fell off my credit report its been 9 months now I'm at 755 750 and 720 with Experian, but I'm still a satisfied client all I did was follow her advice. Oh she also has portal access so I saw exactly what was being done with my credit and I was able to message her when I had questions from within the portal. ... more
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Thu Jul 16, 2015
Ruth and Perry Mistry answered:
Thu Jun 25, 2015
Independntgrl answered:
Hi,

I am really surprised at this and it was even allowed to happen. First I was a lender for over 20 year and when I left Wells Fargo bank the systems would not generate a preapproval letter until your loan was approved. AND FHA does not have final say in a loan it is a underwriter who can approve a loan that does not get a system approval. I specialized in FHA loans throughout my career due the fact it is the best loan that makes sense and is not black or white there is grey area. Now if your loan application does not get a preapproval it has to be underwritten by an underwriter before the letter is release. This is a super strict rule in all banks. I do not know of any or many Brokers out there and the inexperienced ones were known in the early 2000 to just give a letter to anyone before credit was pulled etc. The FHA rule might state this is the guideline but credit score du approval is all the reason this loan could have been approved and your loan officer gave you the letter he/she was trained to do.
I know this is a year ago, and if not for you but for others write a detailed letter of all the reasons your were late, filed foreclosure etc. Have a budget explained if your going from 550 rent to 1200 mortgage. Show your finances after taxes....I hate the approvals based upon gross and not net....it is just setting a person up to fail. Do not lie or falsify any info down to your overtime as a prior underwriter all we have time to do is find a reason to deny your loan. Not saying this is the case with you. Your credit report clearly stated the Foreclosure. It is on there for 7-11 years now. I do apologize if my numbers are not exact I left the industry back in 2007 when it became that only a 700 credit score was given respect and people who needed help were sent away without any options.
I seriously hope you looked into other options US bank has a program American Dream again not completely sure. ANd now conventional loans are 3 years for a loan? and it is 5% down with a decent 680 score as well as many many grants always coming up. Recently there was a grant for 4500 non-refundable which I advised my brother to apply for and it covered his down pmt and helped him purchase his first home )% down. Hang in there people things will get better sooner or later. There are too many houses and not enough qualified buyers with the strict guidelines. It is coming for a break and time to trust again. Hope this helps someone.
SIDE NOTE WITH BEN'S QUESTION CALL THE BANK, FILE A COMPLAINT SPEAK TO THE BRANCH MANAGER CONTINUE TO PURSUE YOUR CASH FILE A COMPLAINT WITH THE BETTER BUSINESS. THEY WILL REFUND YOU, YOUR MONEY THIS WAS A TERRIBLE DISSERVICE TOWARD YOU AND YOUR FAMILY. PLEASE LIST THE LENDER/BANK. I MIGHT KNOW A GUY
... more
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Thu Apr 30, 2015
djennifer009 answered:
It's true, it can be irritating that some home listings aren't always updated. The only way to get around it is to do what you've done-- contact people after you find a home. The listings are a way to make the buying process more convenient, but you still need to do your own legwork. http://scottveerkamp.com/listings/ ... more
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Sat Aug 2, 2014
Anna M Brocco answered:
If you choose not to work with an agent, you can hire an attorney who specializes in real estate for all related paperwork...
0 votes 2 answers Share Flag
Sun Feb 9, 2014
Patrick Vandenberg answered:
Mollie, This is easy, the MLS has a field for searching, for land contract and rent to own. These opportunities are limited but are available. I have recently closed three land contract purchases. It is pretty easy if you choose to work with someone with experience. If you would like to start a conversation about how this can be accomplished. Just drop me a line. Thanks Patrick ... more
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Wed Jan 8, 2014
Matt Piper answered:
Bob, There are many good and qualified agents that can get the job done in Sheboygan. So you need to find the one of them that fits your personality and puts you at ease. I would nominate myself but that is self serving and I am here to serve you. I can give you a list of names of the Realtors that I would contact to interview for the job of marketing your home, maximizing your profits, and making you feel as if you were important and the only person that has that Realtors attention. ... more
0 votes 1 answer Share Flag
Wed Jan 8, 2014
Matt Piper answered:
There are two distinct definitions for FMV. When dealing with selling real estate, the FMV is determined by an arms length transaction where an equally willing and able buyer and seller agree to the price of the home to be purchased. It is crucial to point out that FMV in this sense many times is much different than the FMV suggested on the tax bill. The open market which creates an arms length transaction means that no outside force is making you come together to sell or to purchase the home. This is the only meaningful type of transaction to determine the properties true value. The assessors Fair Market Value on the tax bill can only be used to determine the revenue for a municipality to use in their operating budget and should not be used as a guide to determine the marketing price to maximize a sellers profit. Who can give you the best opinion of value is the people that help buyers and sellers come together every day. Those people are REALTORS. ... more
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Wed Jan 8, 2014
Matt Piper answered:
With lending being as tight as it is for those even with great credit, above 800, You need to really keep an eye on your scores whether they are 450 or 850. If you have bad credit at that point you should ask the lender how much of a down-payment would you need to put the deal together. If they tell you that it is not possible it will not hurt you to try another lender or source of financing. Sometimes you may find a landlord that will do a rent to own but again being one of them, If I see patterns that scare me away from a deal, I will run. But it is worth asking. Again it all depends on your score and the surrounding circumstances. The benefit to paying more down of course is that your monthly payments will decrease with the amount that you put down. ... more
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Fri Jan 3, 2014
Matt Piper answered:
Fri Nov 1, 2013
Ashley Krause answered:
Hi Jamaica,
Which foreclosure property are you interested in seeing? You can call, text or email me at your earliest convenience & I'd be happy to set something up. 920-980-9233 or soldwithash@yahoo.com.

Have a great day!
~Ashley Krause
Realtor
Century 21 Rautmann/Schils
... more
0 votes 3 answers Share Flag
Wed Oct 16, 2013
Gloria J Howard asked:
This question was asked from http://www.trulia.com/property/3117324389-2420-Center-Ave-Sheboygan-WI-53081?ecampaign=con_day_propertycomp_bk&eurl=www.trulia.com%2Fproperty%2F3117324389-2…
0 votes 0 Answers Share Flag
Mon Sep 30, 2013
Amy Gutschow answered:
0 votes 5 answers Share Flag
Thu May 2, 2013
Andres Araujo answered:
Contact Partners for Community Development, INC. (920)459-2780. We have down payment grants for first time home buyers.

Andres Araujo
Housing Programs Director
0 votes 4 answers Share Flag
Tue Apr 30, 2013
Toby Watson answered:
It may be wise to have a local manager help with keeping the property cared for. Phil can be reached at 920-946-6998.
0 votes 3 answers Share Flag
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