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No Credit Check Rental Homes All Locations : Nationwide Real Estate Advice

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Showing results for No Credit Check Rental Homes [Clear search]
Wed Aug 12, 2009
Sue Archer Reynolds answered:
If your concern is environmental safety then you'd need to check with those agencie for any heatth risks that might possibly be associated with them. Maybe there's something on the internet about it?

the other factor is esoteric and really up to the opinion of the buyer. Is it visibly, or in other ways a nuisance? For my own personal opinion I'd have to see it to know if it was bothersome.
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0 votes 10 answers Share Flag
Thu Jul 30, 2009
John Thompson answered:
With a foreclosure so recent, the only option I can think of would be a lease purchase. You could do this with a small amount down and actually be renting and building equity at the same time. Coldwell Banker Memphis does this. You can google them.

The only other alternative is to put a significant amount of money down, at least 20% and do a conventional loan.
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0 votes 5 answers Share Flag
Mon Aug 3, 2009
Sean Dawes answered:
Jeanne,

If you have debt, this will be lowering your credit score as your credit to debt ratio is one factor in determining the interest rate you could qualify for.

If you qualify you can get the $8,000 tax credit for buying something but at the end of the day if you are not happy with the location then why pull the trigger and buy a home?

It seems like it would be best for you to rent for a little bit more until you can save up some more and clear up some debt.

-Sean Dawes
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0 votes 19 answers Share Flag
Fri Jul 24, 2009
Dallas Texas answered:
All based on lifestyle personal and professional obligations.

Direct link blog post:
http://activerain.com/blogsview/1142895/real-estate-tips-how-too-avoid-illegal-steering

Against professional code ethics for an agent make any comments

National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
Follow me on Twitter: http://twitter.com/Lynn911
Lynn911
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0 votes 7 answers Share Flag
Tue Aug 18, 2009
Yanni Raz answered:
Of course you can sell and buy, but the question is if you can qualify for a new mortgage.
Can you?
I understand you have great credit, but if you will short sale your home your credit is not going to be that great.
I'm not sure if its good now. normaly after a loan modification the credit could be at risk(please check your credit again).
The second issue is your income. These days lenders are looking at the borrowers income more then looking at just a good credit.
About your house that is not selling, I can get you someone good from your area that can help you to sell your home quickly.
Let me know.

Good luck
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0 votes 6 answers Share Flag
Sun Nov 29, 2009
Amanda Wernick answered:
Lending requirements have really changed in the past year and every bank has it's own set of guidelines. I would recommend you speak to a professional Lender who will be better suited to answer your questions. In some cases I have heard that you would need to have a lease already in place with a check to prove it, and that you can not buy "down".

Rather than get mixed messages, speak to a lender you trust, or to the bank where you will be financing directly!
Sorry I couldn't be anymore help!

Amanda Wernick
Seven Gables Real Estate
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0 votes 5 answers Share Flag
Sat Jul 18, 2009
Bill Eckler answered:
Mj,

Good luck with your search....there are a large number of people out there right now that are seeking this very same option.

Expect that smart sellers are going to be looking to protect their interests by requesting a sizable deposit in exchange for a lease option agreement. There are many rental "horror stories" that these home owners need to avoid at all costs.

These same sellers may also do a background and credit check. They understant that there are too many "freeloaders" that, once in, are extremely difficult to evict.
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0 votes 7 answers Share Flag
Sat Jul 18, 2009
T.E. & Naima Sumner answered:
Any time you do a loan, an appraisal is required. However, you really need to get this answer from the lender that you are going to use. They may know something about your circumstances that we are not aware of.

They may just require a drive by and may charge you a smaller fee.

The new purchase will definitely need an appraisal. The refi is the one that you should discuss with your lender.

Naima
214-289-8555
Naima@Sumner-Realty.com
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0 votes 6 answers Share Flag
Tue Jul 21, 2009
Dan Baize answered:
Having tenants may make it mor challenging, espcially if their lease is not up until February. You may wish to check with the tenants about buying the house and what it might take for them to end the lease before the end of the year.
As far as pricing I would need some more details, exact location or at least close, #bedrooms, baths, fireplace,deck, basement etc. then I could do some research and find out what is going on in your neighborhood what price you would need to market your home for.
Feel free to drop me an email with that information and I can paint a little better picture.
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0 votes 4 answers Share Flag
Sun Jan 1, 2012
Wayne Warshawsky answered:
If you are already involved in a short sale than the HOA will have to be paid by the mortgage company or the buyers at closing. I would worry more about the mortgage company that the HOA. Be sure you have a Realtor experienced with negotiating short sales helping you in the process. ... more
0 votes 14 answers Share Flag
Sun May 6, 2012
T.E. & Naima Sumner answered:
Could you first clarify what you believe a good investment means.

For most people it means something that appreciates year after year, but it sounds like your thinking that a property that holds its value year after year would be a good investment.

The reason this distinction is important is that many homes will hold their values, especially if they're young enough, but neighborhoods that will appreciate for years are indeed rare.
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0 votes 17 answers Share Flag
Mon Aug 17, 2009
Fred Romano answered:
You can try listing it on Realtor dot com to see if you can sell it. No commission is required to list, just a small fee to set it up.
0 votes 13 answers Share Flag
Mon Jul 20, 2009
Ed Favinger answered:
Julie....

You know many of us in the business have been warning others that these Loan Mod companies are basically a scam... I personally do not know of anyone who has benefited from them.

While I know that this doesn't help your folks.... in doing some research for some clients of mine, I discovered that Loan Modifications are also a "multi-level marketing" business... One such company is Certified Financial Protection Group LLC. http://pffsi.certifiedfinancialprotectiongroup.com/index.html

Here’s a copy of the Associate Program in a PDF format...

http://www.997dailyclub.com/filemanager/CFPG/CFPG%20-%20Associates%20Membership%20Agreement.pdf

They charged my client $3,500 each for two properties.. They tell their "associates" to charge what ever they want.. but they do have a "minimum"... So what happens is you get folks who are looking for a way to make a buck in a time of a lot of hurt for many people and we get rip offs like this.

I've written about this on my own blog to let people in my circle know that you don't need a loan modification company to do this work for you. The banks don't really want to talk to anyone but you... the person who took out the loan..!

You see....Loan companies want to keep you in your home if at all possible, so have your folks contact the lender directly... beause it may not be too late..... and yea... it will be a hassle but talk to them and maybe it will work out for them. Give it a shot and let us know what happens...


I hope this helps....

Make it a great day...
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0 votes 16 answers Share Flag
Sat Sep 19, 2009
Amber Carrillo answered:
Hi there,
Absolutely. You should have some nice appreciation in the property by then. Do you have any area in mind?

Amber Carrillo
Broker/Owner
It Homes
832-643-5632
ambersells@sbcglobal.net ... more
0 votes 5 answers Share Flag
Mon Nov 25, 2013
Beth Jenkins answered:
Hi Sanj,
The quick answer to our question is price. The houses in Miami Beach are very expensive! A smaller house can be in the 300's but a very nice house would be much higher.
The condos do rent easier, again it depends on the price range. Condos do rent well but it rents according to the location, size, pets allowance, etc.

Again, if you would like an opnion of a house I would need to know a price range. My company web-site below is a great resource for searching, the condo buildings are listed by area.

If I can be of assistance feel free to contact me directly,

Beth Jenkins
South Florida Brokers
786-374-4778
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0 votes 17 answers Share Flag
Thu Jul 2, 2009
Peggy James answered:
Nandi, you are purchasing a "SHORT SALE". A short sale by nature is a homeowner who is in distress, is late on mortgage payments and is facing foreclosure. In a short sale purchase the Realtors ( Listing Agent and Buyers Agent) are typically negotiating with a distressed homeowner. The agreement to purchase is between you and the owner ( contingent upon the lenders acceptance of all the terms specified)

Let me ask you a question? If the owner "ripped out the carpets, and took the stove,fridge, washer etc.." to drum up cash or a deposit to get a rental, and they did not respect their property, their promise to pay the lender and the neighbors how do you think you are going to get $ for repairs.

Also, what are you going to do when the bank responds a few months from now and changes the terms of your offer?
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0 votes 5 answers Share Flag
Fri Jul 3, 2009
Greg Hodge answered:
Hi Targer,

Not sure what you mean by investment as all real esate is essentially an investment. You should evaluate your short and long term goals for the investment before you decide. If you get anything near UT you are sure to appreciate no matter what you ultimately decide. I believe in the current market you get more value from a resale than new construction. Also how "near" UT you get could determine "high" a price you pay. Also remember that east is less expensive than west. I just sold a sweet 2B2B townhome with a 2 car garage on a UT shuttle route in the Timber Ridge Subdivision in the $120's.

Couple of tips: SIngle Family is always better than condo for rentals because you get stuck with high HOA dues and occasional assessments that can really set you back.

If condo is your answer, then go for the 2/2 so you can rent a room and get help paying your mortgage. You may also qualify for the $8K tax credit if you plan to owner occupy.

Hope this helps and call me if you need a lender and want to see what's on the market.

Regards,

Greg
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0 votes 6 answers Share Flag
Wed Jul 1, 2009
Craig Loughridge answered:
You will not likely get much time to find a replacement home, so you should get started right away.

If you are planning to stay in Molalla, there are well over 50 homes for sale in town that have at least 3 beds & 2 baths. Their prices run from $149,700 and up. If you are considering a purchase, I would be happy to refer you to a lender who can determine what price range you should be looking in. It's important to go thru this process to get qualified by a lender because the sellers that are offering the lowest home prices are requiring that buyers already have loan approval before they submit a purchase offer.

If you want to rent, the best place to check is the North Willamette Classifieds in the Molalla Pioneer. I also know a property manager you could call to see if they have any properties available. I live and work in the area, so give me a call if you would like additional help.

Best Wishes,

Craig Loughridge
Bryson Realty
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0 votes 8 answers Share Flag
Wed Nov 4, 2009
Joy Elliott answered:
Hi Lora, yes, you can afford Pleasanton at your price point. The inventory is low due to the decpreciation of value. We see most short sales and a few bank owned properties. Generally the summer is the highest inventory with kids out of school and families wanting to make the move during this time. WE are seeing multiple offers in this market but you should be able to successfuly bid on many of these propeties.

For the most current and up to date MLS listings please visit my website at www.joyelliott.com and register for the search engine. Any time you see something you might consider, just shoot me an email or call me and we can take it to the next level

Joy Elliott, Windermere Real Estate
San Ramon
joy@joyelliott
joyelliott.com
510-326-2716
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0 votes 29 answers Share Flag
Mon Jan 21, 2013
Bev & Bob Meaux answered:
Hello,

There isn't a rental finders fee when going through a real estate agent. Real estate agents are normally paid one month commission when a lease is executed between a lessor and lessee. This one month is divided in half between both the agent / companies involved. It depends on what the landlord decides when signing the lease agreement with the real estate agent on who pays what.

The options are:
Landlord pays full month
Tenant pays full month
1/2 month paid by landlord / 1/2 month paid by tenant
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0 votes 9 answers Share Flag
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