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Home Buying in Southfield : Real Estate Advice

  • All245
  • Local Info10
  • Home Buying109
  • Home Selling3
  • Market Conditions5

Activity 99
Ryan Russelio, Real Estate Pro in Hemet, CA
Mon Nov 7, 2016
Ryan Russelio answered:
The Lenders Network is where I send my clients with less than perfect scores. 580 is the minimum score for FHA.
0 votes 35 answers Share Flag
Ccrichcoler5, Home Buyer in Detroit, MI
Sun Nov 6, 2016
Ccrichcoler5 asked:
Anthony M. J…, Home Buyer in Detroit, MI
Mon Mar 14, 2016
Anthony M. Johnson asked:
3 bedroom, 2 bathroom
0 votes 0 Answers Share Flag
Formerly2002, Home Buyer in Southfield, MI
Wed Mar 2, 2016
Formerly2002 answered:
Third party means there is another individual who owns some share who is not on title
0 votes 11 answers Share Flag
Renae Johnson, Real Estate Pro in West Bloomfield, MI
Fri Jan 23, 2015
Renae Johnson answered:
Be careful with your spending (save it until you purchase) when you are trying to buy, you don't want to hurt your chances of buying your "affordable dream home"!
0 votes 2 answers Share Flag
Renae Johnson, Real Estate Pro in West Bloomfield, MI
Fri Jan 23, 2015
Renae Johnson answered:
I have a contact and we can get you cleaned up and ready! There is also a possibility that you would qualify for more down payment assistance with another program, but you need to call me and get going 248-406-6015. ... more
0 votes 2 answers Share Flag
Rex Berkeley, Real Estate Pro in Royal Oak, MI
Wed Oct 22, 2014
Rex Berkeley answered:

You can purchase a home anywhere you want. Feel free to contact me anytime and I will help you get-approved with a great lender.
0 votes 4 answers Share Flag
Sharon Felton, Real Estate Pro in Nashville, TN
Thu Apr 17, 2014
Sharon Felton answered:
A walk score helps to identify how crucial having access to a car or bus or other public transportation is for that particular home or neighborhood. If lots of amenities (grocery, drugstore, etc) are within walking distance, that neighborhood should have a very high walk score. ... more
0 votes 2 answers Share Flag
tommyj.brutis, Both Buyer and Seller in Southfield, MI
Sat Apr 12, 2014
tommyj.brutis answered:
Southfield is over priced when one considers the demographic shift and the uprising ghetto element.
0 votes 4 answers Share Flag
Randy and Vi…, Real Estate Pro in Punta Gorda, FL
Fri Mar 28, 2014
Randy and Vicki Biehl answered:
Since all past due property taxes in Florida are a lien on the title any lien must be paid before the title transfers and is normally taken care of on the HUD statement by the seller and any current taxes are prorated for the current year between the buyer and seller. ... more
0 votes 6 answers Share Flag
Ej Joier, Home Buyer in Ferndale, MI
Mon Mar 17, 2014
Ej Joier answered:

Free Home Buying Program - Through a collaborative partnership with other non-profits and private and public entities, we are able to assist credit-challenged families secure mortgage financing through a combination of sources including governmental sources, banks, and private lenders.

Call me: 248-943-5803

EJ Joier
... more
0 votes 12 answers Share Flag
Clayton Neal, Real Estate Pro in Royal Oak, MI
Wed Jan 8, 2014
Clayton Neal answered:
Great question! It really depends on your personal situation and your debt-to-income ratio. Sounds like you are getting things on the right track. I would love to discuss more in detail with you. Please give me a call or email me anytime.

Clayton Neal
Keller Williams- Royal Oak
304 W. Fourth
Royal Oak, MI
... more
0 votes 1 answer Share Flag
Haig Istambo…, Real Estate Pro in Rochester, MI
Sat Nov 16, 2013
Haig Istamboulian answered:

The answer to your question is yes you can do either. If you are not paying cash, and you would like to finance the purchase, you will still have to qualify for a mortgage. The best thing you can do is call a lender to see what you would qualify for. There is much more than your bankruptcy being discharged to qualify for a mortgage; they will review your income, your current debt, your job status,and a few other items.

If you are serious about moving forward, contact a lender and start there. Let me know if you need a contact for a lender. My contact information is listed below.

Thank you,

(248) 379-6547
... more
0 votes 1 answer Share Flag
Brian Nguyen, Real Estate Pro in Mission Viejo, CA
Fri Nov 8, 2013
Brian Nguyen answered:
That credit scores is right on the border. The lowest credit scores lenders like myself are able to do, is a score of 580. So us lenders would be able to give you a loan if your other finances are in place. It's also important to understand that you're ability to obtain a loan relies on other factors as well. These factors include income, expenses, assets, liabilities, debt, employment, down payment, as well as credit scores. Either way, I suggest you speak with a lender like myself who would be glad to speak with you to help you get the loan that you need. If you have any further questions or if you would like a loan, feel free to contact me. Good luck! Brian Nguyen Sr. Mortgage Banker Phone: 949.667.2887 ... more
0 votes 4 answers Share Flag
Christiansen…, Real Estate Pro in Fort Wayne, IN
Wed Oct 30, 2013
Christiansen Team answered:
No. You can't get a mortgage at this time. I would talk to a local lender and discuss your options for the future and how to become a strong buyer, but at this point I would start looking for a rental. ... more
1 vote 6 answers Share Flag
Annette  Law…, Real Estate Pro in Palm Harbor, FL
Tue Oct 22, 2013
Annette Lawrence answered:
Since it is highly unlikely a loan can be obtained for that amount through a conventional lender, you will be making a cash purchase. As Brian indicated, your costs are small a few hundred, five hundred at the most.
However, you fail to reveal what you are buying, (a house for $35,000 suggests this is only the beginning of your real costs) the situation of the property, what the contract states and what the seller may be imposing on you.
Based on what little is revealed...a few hundred should do it.
There are a lot of folks on Truia inquiring if there is homes availble for $35,000. are there more?
... more
0 votes 5 answers Share Flag
Tony Grech, Real Estate Pro in Southfield, MI
Fri Oct 11, 2013
Tony Grech answered:
Yes it does depend.

Your loan officer doesn't really have control over who performs the appraisal and the law only permits limited contact with the appraiser, although following up on the status of the appraisal is permitted.

Has the appraisal been conducted and you are just waiting for the report to come back? Or has the lender ordered it and the appraiser has not yet been out? If it's not back yet, there might be some complications or difficulty in obtaining comps. If it was ordered several days ago and they just havent been out yet, then you should ask your lender to re-place the order elsewhere.

In the Southfield area there is really no reason for an appraisal to take more than 2 weeks from the time it is ordered.

If I can be of assistance please let me know.

Tony Grech | Mortgage Loan Originator | NMLS #977416
PMAC Lending Services, Inc.
24901 Northwestern Hwy. #110
Southfield, MI 48075

Direct (248) 945-9070 ext. 278
Toll-free (855) 642-4762 ext. 278
Mobile (313) 622-7383
Fax (248) 945-4842
... more
0 votes 7 answers Share Flag
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