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Winchester : Real Estate Advice

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  • Local Info6
  • Home Buying21
  • Home Selling1
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Activity 57
Tue Apr 27, 2010
Lori Jeltema answered:
I had a similiar thing happen with my buyers last year and they had to provide evidence that the deferrment had been extended. Just showing their lender that they would not get their degree until later was not enough, they had to get the correct documentation showing deferrment. It sounds like you are just not supplying them with the specific info they need. Remember, the lender wants to do your loan - they aren't demanding more information for the fun of it. Sit down with your agent and go through exactly what is required and you should work it out. ... more
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Mon Apr 26, 2010
Beth Paisley answered:
Deborah, you need to speak with Ruth Boden at Loan officer at MidAtlantic Farm Credit 540-662-3473. The work with land and farms and maybe could hold the loan in house. Please let her know I sent you and good luck.

Beth
... more
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Sun Apr 25, 2010
Lori Jeltema answered:
Did you read ALL the bank addendums? I'm sure that somewhere..way down deep...there was some sentence regarding the banks right to withdraw or change details at any time. The seller may have put in there that they have the right to terminate or renogotiate if they do not receive a certain net. How did you 'agree'? Did you agree in writing AND receive the final paperwork back from the bank outlining those terms? The paperwork likely says something like 'no prior oral discussions or representations, if any, by Seller or itsagents are binding.. it's frustrating. Hope it works out. ... more
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Thu Apr 22, 2010
Patrick Samson answered:
Hey,

This is not a lender question, it's an IRS question. The credit is from the IRS, so I suggest you contact the local IRS Branch and ask them. If I was a betting man, I'd say this still qualifies based on you living in a portion of the property.....check it out and write back.

Best of luck! -Pat
... more
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Tue Apr 20, 2010
Natalie Langford answered:
I'm so sorry you're going through this. One idea, if you are content to rent, is to talk to the list agent about this. Most real estate professionals tend to call the list agent to touch base on the property prior to showing it. This would give the list agent an opportunity to express your wish to stay. Investors are still showing an interest in purchasing homes in our local market. An investment that already produces income could very well be appealing. I hope it all works out for you. ... more
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Mon Sep 14, 2009
The Mulhern Home Team answered:
Yes it is...whomever was giving you this information probably had it mixed up with state subsidized or government subsidized loans that are usually provided to teachers, law enforcement, and other public servants. These types of loans sometimes have equity restrictions on them.

Jimmy
... more
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Tue Aug 11, 2009
Natalie Langford answered:
Hi Dagmar13. I wanted to drop a line and counter what the agent from Texas said regarding your agent. Obviously, she isn't licensed in Virginia, and shouldn't be saying anything negative about your agent in the first place. Also, not so obvious, is her complete misunderstanding of the short sale process in our state (VA). She stated that they instruct their clients that if they're not closed in 30-60 days, they should be moving along. However, even a normal sale in Virginia can take 45+ days to close. I ask any agent who brings me an offer on my short sale listings to give me at least 90 days for bank approval. Jimmy, of Virginia, shared some actual trends about our region of the country.

While I don't know who your agent is, it does say a lot about his/her character that they not only showed you a short sale and wrote an offer on it, but also respected your value of the home as HOME and stuck with you for these past 6+ months. While Trulia is a great place to seek information about the real estate process, your own agent (also licensed in your state) has your best interests in mind. Even if you vent here, be sure to share your questions with him/her.
... more
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Sun Jul 26, 2009
Bill Eckler answered:
We believe the program specifies only the the property transaction needs to close by December 1, 2009 and that the home purchased needs to be your primary residence. We have not seen any deadline for occupancy of the home.

It might be worthwhile to review the attached resource:
www.federalhousingtaxcredit.com/2009/faq.php

Good luck
... more
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Sun Feb 8, 2009
Vicky Chrisner answered:
There are what I believe to be some misspellings in your quote, making reading this even harder. But, my interpretation ( this is not legal advise) is that they are saying if you later decide you are mad at them and want to sue them you will have given up that option. Of course, this is out of context, and the agreement should be reviewed by an attorney prior to your signing. I am sorry, I don't know any attorneys in your area. Best of luck. ... more
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Thu Sep 11, 2008
Natalie Langford answered:
I am so late to this party! I see a lot of familiar faces have already spoken. Jeff, I hope you've navigated your way to the address by now. I live in the South side of Winchester, not too far from Strasburg. Feel free to shoot me an email or text anytime you have a question (if you're not already working with an agent). I have my own website with a search option, but I love www.FranklyMLS.com. Buyer agents can upload photographs to places they have viewed. Eventually, it will become the site of choice for local home searchers. ... more
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Thu Jul 17, 2008
Deborah Leavitt answered:
Sat Jun 28, 2008
Brent Cline answered:
Wed Apr 23, 2008
Beth Paisley answered:
Hi Nell, I have a son in the Navy station in Japan. He is already talking about buying. I think now is a great time for buyers in the Winchester area. Prices are down and interest rates are good. If you are going to live in the area for 3 years @ 1500 a month you will spend $54,000 in rent! There are great tax benefits to buying. Let me know if I can help. Beth ... more
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Thu Feb 21, 2008
Rama asked:
Iam planning to buy a house (3-4 bed rooms) in Murrieta- Temecula-Winchester area.
Once I buy it. How difficult or hpy easy to rent this home?
Hope some experts will advice me on this.
Thank…
0 votes 0 Answers Share Flag
Tue Jan 22, 2008
Deb Clark answered:
Depending on where in Winchester your home is located would determine whether or not you should convert it back to a single family dwelling. Also the zoning for your area should be adhered to. ... more
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Thu Dec 27, 2007
James Downing answered:
92596 is the zip code for Winchester CA. This question has been posted under Winchester Virginia.
0 votes 1 answer Share Flag
Sat Nov 17, 2007
Fred Jones asked:
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