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Property Q&A in Sunset Road : Real Estate Advice

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  • Home Buying2
  • Home Selling0
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Activity 2
Wed Mar 13, 2013
Daniel Fisher answered:
Good morning, Ronnie:
This home is off Sunset Rd. It is promoted by a Realtor, so is a legitimate deal. But you are not limited to this home or area. There are ways to own a home with $500 to $1,000 down and $700-1,000 a month payments if your middle credit score is at least 610 and you meet the other criteria in the Trulia Real Estate Blog "I have bad credit and no savings. Can I get a home or am I stuck renting?" http://goo.gl/5RG3w.

These would be the NEW homes you could consider: http://goo.gl/bSa6W AND http://goo.gl/bFKyd One of these builders has a note to Realtors that buyers can negotiate for a Move In Package incentive where you get a Standard Refrigerator, Washer/Dryer, Garage Door Opener, Blinds if you a certain lender. Dozens of existing homes are also available. If you have a full time agent with a Masters degree in Planning with Finance and over two decades of experience, working for you, you will likely do better in negotiations. I'd be pleased to provide that service if you contact through profile. If you appreciate this answer, please give it a thumbs up, or if this was the most helpful answer, please say thanks with a best answer click.
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Thu Jan 24, 2013
Kathleen Turner answered:
This property is not for rent or even for sale at this time. According to the information provided by RealtyTrac, the lender has completeed the foreclosure process and has taken back the property. At some point, the property will come on the market for sale. It will not come on as a rental; mortgage lenders are not in the business of being landlords.

If you are looking for a rental, stop wasting your time looking at the foreclosure & preforeclosure listings! Again, banks are not in the business of renting properties. Keep an eye for properties that are clearly listed "for rent" or "lease". Best of luck in your search!
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