Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Superior : Real Estate Advice

  • All4
  • Local Info1
  • Home Buying3
  • Home Selling0
  • Market Conditions0

Activity 5
Tue Sep 27, 2011
Michael Emery answered:
You will have to wait for the home to be listed with an REO agent. Even if you were able to contact the asset manager, it would be fruitless as they rely on the REO agent to determine value prior to listing the home.

If it were me, I would attach a business card on the front door of the property with the request to have the agent call me.
... more
0 votes 2 answers Share Flag
Thu Jul 28, 2011
Dallas Texas answered:
Recommend to speak with CPA due to tax benefits involved.

WOW $16K for a home good luck

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
... more
0 votes 4 answers Share Flag
Tue Jul 12, 2011
Bob McClure answered:
hi dustin......a local bank or credit union in your area would be a better shot than a mortgage company
best of luck to you..
bob mcclure
percentPlus
0 votes 2 answers Share Flag
Tue Jul 12, 2011
Shane Milne answered:
Hi Dustin - Anna & Robert are right, you need to speak with a loan officer in order to actually qualify for an FHA loan, however you don't have to formally apply, you can just speak with them and discuss your situation, as long as you come in knowing about your situation. That means you need to know about:

1. your income (how much you make)
2. your assets (how much you have in savings, checking, retirement, etc.)
3. what your credit is like (credit scores, and if they aren't perfect, then what is on your credit that is bringing your scores down)
4. what your monthly consumer payments are (credit cards, student loans, car loans, etc. - this doesn't include cell phone, utilities, insurance, etc.)
5. a general idea of the price range you want to purchase in (use Trulia.com or contact a real estate agent to help you determine the price range)

If things sound good (to both you and the loan officer) after you talk, then that is a good sign you should take the next step and apply. Or perhaps there will be something that you need to work on, like credit, or saving up more of a down payment, etc. and then you would have a plan on what to work on, and then could apply once that plan has been carried out.

The rest of the pre-approval process should go like what I described in: http://www.trulia.com/blog/shanethemortgageman/2011/05/the_mortgage_pre-approval_process

Now about the (little) information you provided - having a job with the same employer for 5 years makes your employment stability a strong point in the lender's eyes, as FHA just requires a minimum of 2 years of employment history.

If you need help figuring things out, feel free to provide that information I went over above.
... more
0 votes 3 answers Share Flag
Sun Mar 7, 2010
Anna M Brocco answered:
If you are looking for Trulia to send you listings, not sure it's possible--however, any local agent can help you and send you properties to your specification free of charge.
0 votes 2 answers Share Flag
Search Advice
Search
Superior Zip Codes

Followers

9