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34491 : Real Estate Advice

  • All23
  • Local Info3
  • Home Buying6
  • Home Selling3
  • Market Conditions0

Activity 15
Wed Feb 15, 2017
Bernard G. answered:
Hello,

I have emailed you regarding this concern.

Regards,

Bernard
Consumer Care Advocate
0 votes 1 answer Share Flag
Sun Jul 24, 2016
Jusnun asked:
My home is paid fo & I have a buyer who's paying cash. Do I go through an escrow company for closing & is the closing cost less since no financing is involved?
0 votes 0 Answers Share Flag
Thu Jul 21, 2016
June Buerkle answered:
Then why mortgage your primary home?

If you are going to reverse your primary home .... just get a regular mortgage on the small beach condo. Or get a HELOC on your primary home and then buy the condo. (Either of these will allow you to continue to gain appreciation in value of your home)

If you do a Reverse mortgage .... it is very costly to you and your family generations behind you.
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0 votes 1 answer Share Flag
Thu Dec 4, 2014
hematite1961 answered:
Yes there are amenity fees that have to be paid every month, for the Villages it's around $145/mo. I'm not sure of the amount for Stonecrest or Spruce Creek, but at one time was told Spruce Creek amenity fees were $160/month. The rules in the Villages are not that stringent although they do require that your lawn be kept cut, neat and clean, and any major changes to your home and property must comply with all rules and regulations and you may need a permit. If you decide to live in the Villages, take the tour and they will explain everything to you, but also read your Covenants. Spruce Creek is more stringent in that all properties have to match (they all have the same mailboxes and name plates for each property) and your property has to be kept neat and clean. I hope this information has been helpful and has given you an idea of what to expect . ... more
1 vote 1 answer Share Flag
Sun Dec 1, 2013
Robert Baker answered:
Fri May 17, 2013
Arlan answered:
www.HeresMyPrice.com can help you buy property that is NOT FOR SALE!
0 votes 6 answers Share Flag
Fri Apr 12, 2013
Jan Clements answered:
NO you do not have to be 55 yrs old to own - rent or live in these 55 + communities. It's what is called the 80/20 rule meaning 80 percent of the people must be 55 years or older and 20 percent can be under 55 years old. However no one can live in here under 19 years of age.
If your other question is what are the major differences between Stonecrest & Spruce Creek south -
I would be happy to discuss this with you over the phone = please call me Jan 352-446-6343
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0 votes 1 answer Share Flag
Tue Jul 10, 2012
Gloria Wyninger answered:
In some of the communities yes. The villages and Stonecrest. Other communities have limitation on crossing Hwy 441 You would need a street legal cart.
0 votes 4 answers Share Flag
Wed Jun 20, 2012
The Lopez Team answered:
Hi Rcjunky43! You contacted the right place. Please call me at 352-427-0749 so I can give you more details and help you get started.
0 votes 2 answers Share Flag
Wed Dec 15, 2010
David Jaffe answered:
You will need to speak with a mortgage lender regarding your Buyers ability to qualify for a loan. When you mean "settled", did your client pay off the amount on the 2nd loan or negotiate another figure? Have they received an official release of their financial obligation to this company? Note: most people who sell their home as a short sale have damaged credit scores, which will take several years to re-build. You may want to have their lender pull their credit before you invest alot of time with them.

Best of luck,

David Jaffe-SRES, CDPE
Realtor-Coldwell Banker
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0 votes 1 answer Share Flag
Tue Sep 22, 2009
Gloria Wyninger answered:
Reator should have advised. Recommend working with one Realtor and letting them get to know your needs. They will find another home for your. I'm available if you aren't working with some - 352-387-7952.

Don't know all the details of bid or sale - Was it distressed? Did seller just decide to not sell? Is seller trying to sell them self? Was bid too low and they didn't want to counter? Did they have another bid on the table? There can be a lot of reasons for pulling. This is a unusual case, most sellers want to sell.

Ask the Realtor you bid through what happened? Was it their listing or someone else's? Good luck.
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0 votes 1 answer Share Flag
Fri Feb 27, 2009
Keith Sorem answered:
Maureen
You might want to check with www.hud.gov for help. Your Realtor should also be able to give you advice. Florida has a ton of homes on the market, the lender may not want to add to that problem.

The promissory note is usually not secured by real property. You might want to talk with an attorney regarding your options. Depending upon the situation you might see if the buyers are willing to pay part of the promissory note.
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