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Sterling : Real Estate Advice

  • All17
  • Local Info0
  • Home Buying6
  • Home Selling2
  • Market Conditions1

Activity 11
Thu Sep 25, 2014
Barb Gillen answered:
East Coloma School District
0 votes 2 answers Share Flag
Fri May 24, 2013
Bardierteam Realtors answered:
I've shown this property a couple of times. On a dirt road. House needs some work mainly the upper level. The 2 barbs are in fair condition the garage and pole bldg are in average condition. Property is a Fannie Mae foreclosure. Please call me to arrange a showing. 815-716-3604. Lee ... more
0 votes 1 answer Share Flag
Tue Mar 26, 2013
Bardier Team answered:
Full service brokers do not charge an upfront fee to market your home. Their fees are all pay for as part of your closing cost. As part of my service, I provide my clients with an estimation of the anticipated closing cost when I take a listing. I update this information when an offer is received. The BardierTeam is here to assist you should you have any additional questions. Please feel free to contact us at any time.

Lee Bardier, Broker, ABR
Jill Ramirez, Broker (Hablo Espanol)
815-716-3604 - Lee
815-716-7379 - Jill
RE/MAX Sauk Valley
... more
0 votes 4 answers Share Flag
Sat May 12, 2012
Prance answered:
Maybe, and I am saying maybe.......the home is appraised at XX amount of dollars. The taxes are based on a different, lower assessed value. Maybe the current owner was able to get the previous owner to come way down on the price (that might have been closer to the appraised value) and after closing went to the courthouse and contested the amount that taxes were based on. the reason being would be that the current owner paid a lower price and so by proving that, the court would grant the taxable amount to be based on the actual purchase price. Here's an example: A house is for sale and it has been appraised at $50,000. Asking price is right at 50k. A potential buyer comes along and offers $35,000. The owner accepts the offer. The buyer goes and purchases the property for 35k. After closing, he takes his papers proving how much he paid to the courthouse and asks to contest the taxes and have them based on the price he actually paid instead of the assessed value. ... more
0 votes 5 answers Share Flag
Sat May 22, 2010
Manu Kapoor answered:
lease to own could be a good option.
OR if the owner could hold the mortgage for you. This way you could own your own american Dream.
0 votes 5 answers Share Flag
Fri Jan 9, 2009
Emily Erekuff answered:
Hi Debbie,

I apologize for not finding and answering your question much sooner. It looks like your claimed listings all show photos at this point but if you're still experiencing difficulties, please let us know. Feel free to contact me directly via my profile.

Best Wishes,

Emily Gibson
Community Moderator
... more
0 votes 2 answers Share Flag
Fri Jul 25, 2008
Lisa Schade answered:
Hi Claire-
Unfortunately, there are so many people in foreclosure or short sale situations that it's difficult for the negotiators to get to all of them in a timely fashion or as timely as we all would like them to get to them. I know it's no excuse.
These type of sales take an exhorbitant amount of time. If you are patient, they will close, if you are not or can't afford to be, (either you need a house NOW, or you wish to not wait), your question on earnest money depends on the dates. I know you gave dates in your post. However, I am confused by them to be able to give you an appropriate answer. So, here is the general real estate answer.
If at any time the seller is unable to satisfy a contingency, then the buyer's earnest money would not be in jeopardy. The seller would be in default of said contract.

However, Since you are in Virginia and I am in Illinois. I'm not sure that this holds water for you.

Hope this helps!
Honestly, I would contact your attorney to gain local advice and perspective.
... more
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Wed Jun 11, 2008
Jim Starwalt answered:
Zero down payment loans are pretty much a thing of the past. However, it won't be called a zero down payment loan, but, what is happening is basically the same.
Let's say you are purchasing a home priced at $150,000. You offer the seller, let's say, $145,000 with the seller paying you back at closing $5,000 for closing costs and pre-paids etc.
So, what you are doing is financing $145,000 on a $140,000 purchase with no money out of your pocket.
Pretty much the same thing in my book.
... more
1 vote 1 answer Share Flag
Thu Jun 5, 2008
Vicki Jako-Ostojic answered:
As you found out "forclosure" is sometimes not the best option to go with. Developers of that or similar homes may have not been diligent in paying taxes or their subcontractors so the home may have a bunch of liens that need to be cleared up before the closing can happen. Further, the bank may take it's time to process all documents as they want to be absolutely sure nothing comes back to them later.... so I would recommend that you either wait it out or just start looking for another home. Think about this: 3 -6 months you can find a nice home, close and move in without having to deal with issues that you have no control over with a current deal.

Best of luck....
... more
0 votes 3 answers Share Flag
Tue Dec 25, 2007
Mr.P answered:
Hey Geek-
Nice site, well organized. I like the Walkable thing. Easy to use

Your MLS Search engine probably requires you to ask for a clients email...The trend I have seen is "No Regestration required". Like my site. ( Check it out )
I have only been using wolfnet since July ( expensive) Goods news is, any leads from the site are serious buyers.
... more
1 vote 1 answer Share Flag
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