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Home Ownership in Tennessee : Real Estate Advice

  • All201
  • Local Info22
  • Home Buying109
  • Home Selling17
  • Market Conditions5

Activity 10
Karen Peyton, Real Estate Pro in Chandler, AZ
Mon Jun 6, 2016
Karen Peyton answered:
Mortgage loans are generally non-assumable however a lender may make an exception when someone has passed away. When an exception is made, it is on their terms and "they" will decide the criteria.

Read the terms and conditions of the present modification. Although they enabled your mother to remain in the home, they may not be favorable when compared to today's market place. It could be that you may be able to qualify for a new mortgage at a lower payment, in which case the existing loan would be paid in full - and you would begin again anew.

In the meantime (while you're doing some research) keep the payments current.

Should it happen you don't understand the language contained in the modification, consult with an attorney - and you may need a probate attorney to settle her estate despite your name appearing on the deed.

I'm sorry to hear of your loss and wish you the best of luck!
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Faustine, Home Seller in China Grove, NC
Mon Jan 4, 2016
Faustine answered:
As we know the shipping container is totally steel. When you touch it in Winter, it will be very cold. Conversely, it will be very hot in summer. Besides,The decoration will cost you much. If you want to make a saving, but fear a bad insulation. Then why don't think about prefabricated shipping container? We use the EPS sandwich panel as wall material . We can solve the heat insulation and water proof problems. You can get a similar container home with less money, why not?

See: http://en.yukehouse.com/. Here is my number +8613677639158 if you have any question.
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0 votes 2 answers Share Flag
Jennifer Pip…, Real Estate Pro in Spring Hill, TN
Tue May 13, 2014
Jennifer Pippin answered:
You can contact Trulia customer service and they will correct the information for you.
0 votes 1 answer Share Flag
ADAM CARR, Other/Just Looking in Whitwell, TN
Sat Jul 6, 2013
ADAM CARR asked:
Kim Reynolds, Real Estate Pro in Murfreesboro, TN
Sun May 12, 2013
Kim Reynolds answered:
It sounds like you may be asking about claiming ownership on Trulia to correct inaccurate info on your current home, right? You can create an account with Trulia and you should be able to update the information on your property once your account is set up. If this does not work you should contact Trulia directly and ask that they update their information. It may have an IDX feed that cannot be modified, but ask if they can make the correction. ... more
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Josh Barnett, Real Estate Pro in Chandler, OK
Fri Mar 15, 2013
Josh Barnett answered:
Have you uncle execute a Quitclaim Deed to your father. If you uncle will not execute a Quitclaim Deed, you cannot remove his ownership.
0 votes 1 answer Share Flag
Tim Moore, Real Estate Pro in Kitty Hawk, NC
Fri Jan 18, 2013
Tim Moore answered:
No one takes the information generated by zillow or trulia to heart, they are good to get an idea at best. They are guesses based on some public information and prices.
0 votes 1 answer Share Flag
Alain Picard, Real Estate Pro in Puyallup, WA
Tue Sep 18, 2012
Alain Picard answered:
One common way that a rent to own is done is that you pay the current owner some sort of non-refundable deposit that goes towards the purchase of the property and then you pay them monthly rent and possibly a little extra each month that that may also go towards the purchase and then in about two years or so you must obtain a loan to purchase the home. If you don't or can't obtain a loan when it comes time for you to purchase then most of the time you will lose your deposit and any other funds that were supposed to be applied to the purchase. Most of the time it will make more sense for you to keep renting an apartment or something that has lower monthly payments than a rent to own home probably would have and save your money, talk to a lender and work on your credit, and then when you are ready start looking for your new home. ... more
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Vicky Foust, Home Buyer in Knoxville, TN
Wed May 16, 2012
Vicky Foust answered:
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