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10305 : Real Estate Advice

  • All28
  • Local Info2
  • Home Buying9
  • Home Selling3
  • Market Conditions2

Activity 21
Earlier today
Suzanna Suazo asked:
Mon Nov 14, 2016
Fordgraham127 answered:
Invaluable suggestions - I am thankful for the information - Does anyone know where I might be able to locate a template NJ CN 10148 copy to use ?
0 votes 26 answers Share Flag
Thu Apr 7, 2016
Kathy Burgreen answered:
I'm a FORMER realtor and in my opinion the two replies below stink. You need to realize that Sally Grenier is pushing you to buy because she is a realtor and her commission depends on people like you to purchase homes. The reply from US Mortgage in Plano, TX doesn't tell you that reverse mortgages have a catch and is not ideal for everybody.

Honestly, the half truths... So truthfully, do NOT rush into buying anything. Weigh the costs carefully between paying rent, utilities and your other monthly expenses (food, transportation, etc.) and what it would cost you for HOA fees, property taxes, utilities, food, etc. and whether or not you will have a mortgage. Your age should not be the determining factor. Your monthly budget and/or annual expenses + when * how frequent you will use the condo should be the determining factors.

By the way, don't ever listen to agents who tell you that renting is throwing money away. Obviously an agent from Colorado has no clue about the high cost of housing in NYC.
... more
0 votes 3 answers Share Flag
Tue Oct 13, 2015
Robertc answered:
Hello Joey,

I am Robert Canecchio Sr, Co-Owner of Canco Renovators & Remodelers LLC, We are Licensed and Insured Home Improvemnt Contractors in NY & NJ, our office is located in Staten Island, We have been in Business here since 1982

As to building Houses/Homes we have put together many and as to Roof raisers & Additions we have put together over 90 projects in that area....

The pricing varies depending on the Homeowners Designs, What the Budget is, Shared Project, or depends on how much work is given to the Contractor, Best advice here is to get up to 4-6 Contractors, get a Question Book Ready, ask what you need to ask, Get their estimates, Check their Profiles and talk with the DOB....

Good Luck in your Home Building project

... more
0 votes 2 answers Share Flag
Tue Sep 1, 2015
yeefun1209 answered:
Yes, your son can make payments for you as it doesn't make a difference to the bank as to who is making the payments as long as its paid. You will have to bring all payments up to date to avoid the foreclosure. If you don't mind me asking, where is your property located? ... more
0 votes 1 answer Share Flag
Fri Mar 20, 2015
Anna M Brocco answered:
Has your attorney discussed the issues with their attorney...
0 votes 2 answers Share Flag
Sun Mar 9, 2014
Fred Herman answered:
Yes, but you'll need an EZ pass. Why are you making a distinction for homes "close to the vz bridge?"
0 votes 4 answers Share Flag
Sat Jan 18, 2014
Deborah Bracco answered:
I just closed on a short sale that took about 9 mos. including bank approval, appraisal, buyers mortgage approval etc., I worked with someone who is an expert in short sales and it wasn't a simple one..had its share of problems etc., yet successful. Call me at 718 619 5701, maybe we can help you! ... more
0 votes 7 answers Share Flag
Fri Jan 3, 2014
Anna M Brocco answered:
You really should be consulting with your attorney, he/she can better advise as to your options....
1 vote 6 answers Share Flag
Fri May 25, 2012
Lorraine Vella answered:
Hi Inga, Transfer tax sale price over $500,000. is 1.425% sale price under $500,000. is 1%
0 votes 8 answers Share Flag
Wed May 2, 2012
You can consult with an attorney or You should consider a Cashout refinance and remove yourself from the mortgage and deed.Get an appraisal on the house. Once you know what the value is, deduct the mortgage balance. That will give you the equity in the house. Since you are a 50% owner you should cash out for 50% of the equity. He can still keep the house you can take your money and move on! Call me if you need any help. I am a Mortgage Loan Officer!!
Chris Miceli
... more
0 votes 12 answers Share Flag
Wed Feb 2, 2011
John Reagan answered:
Hello Nplh1, didn't the first 7 answers advise the use of an attorney?, I feel compelled to comment on Beatrice's answer; your answer is repetitive so why do it? you did not even put forth the effort to spell out the word Medicaid. It seems you just want some face time on this site, but you don't offer anything of value. Sad, very sad! ... more
4 votes 9 answers Share Flag
Thu Sep 16, 2010
Trudy Lia answered:
Thanks everyone for your replies -- unfortunately, since this is new construction, I'm also stuck with the transfer tax, and since it has no tax abatement, I'm sure I'll see little to next to nothing after you deduct the mortgage tax, transfer tax, and property tax for the first 2-3 years. It feels like a game of government monte here, where one hand gives you this (which is your own money back) and another takes it. BTW, even renting I could write off charitable donations I made. ... more
0 votes 4 answers Share Flag
Sun Jun 21, 2009
Robert Fine answered:
Yes you can get a mortgage. Having a high credit score and cash on hand is great. Contact one of the mortgage bankers here on Staten Island and ask for a pre-approval. The mortgage person will be able to work the numbers for you. Some key questions they will ask are how much do you owe on your credit cards and other recurring long term loans. So get all your papers together and contact a mortgage broker right away.
Contact me, Robert at VIP Real Estate, 718-967-2600 x312, and I will recommend some excellent folks for you.
Good Luck
... more
0 votes 1 answer Share Flag
Sat Jun 13, 2009
Goat answered:
Rates are going up, homes are still much too high in price, unemployment is much worse that reported and going to get much worse, inflation in gas and grocery prices are starting to soar and will hit high gear in early 2010.

Unless you know something I don't you best not jump into a dead market infested with so much competition.

Too many people own realty, want to sell realty, too few want to buy at these bubble asking prices, and there are more realtors than can be counted.
... more
3 votes 4 answers Share Flag
Wed Sep 3, 2008
Robert Fine answered:
When buying a foreclosed home in Staten Island the buyer pays the Transfer Taxes, which is approximately 2%. In addition you will buy the home in an As Is condition without warranties. If you buy at auction you need to pay 10% cashiers check within minutes. Many foreclosed homes are already listed in MLS, so seek out a local Realtor.
Robert Fine
Lic. RE Salesperson
e-Pro; AHWD
V.I.P. Real Estate, Inc. 718-967-2600
... more
0 votes 4 answers Share Flag
Wed Jun 4, 2008
Jerome Willis answered:
If you hire me as a buyers agent, after giving you all the information that is needed, then I could tell you what you could offer. I am a CBR, a certified buyer representative. I believe you are asking about a house on Burgher Avenue, I would be willing to show you other homes also. ... more
0 votes 8 answers Share Flag
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