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Buy Corporate Owned Home All Locations : Nationwide Real Estate Advice

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Activity 319
Showing results for Buy Corporate Owned Home [Clear search]
Fri May 4, 2012
Michael Mahoney answered:
To the best of my knowledge not in the conventional lending world. :(
0 votes 10 answers Share Flag
Thu Jan 10, 2013
Bob Willett answered:
0 votes 23 answers Share Flag
Wed Apr 25, 2012
Hank Lauzon answered:
Good Afternoon,...
The protection from an LLC is well worth it. You don't want to put your personal assets at risk.
I am a Las Vegas Realtor and I work with several investors both in and out of the area.
I also have good relations with several experienced loan officers.
Feel free to give me a call.
Contact info is below....

Hank Lauzon III

Exit Las Vegas Realty Center
6600 W. Charleston #119
Las Vegas, Nv 89146

Cell 702-449-0899
Office 702-949-2409
Fax 702-543-6844

Web :


Never look down on anybody...unless you're helping them up.
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0 votes 18 answers Share Flag
Tue Apr 17, 2012
Ron Thomas answered:
You are missing a basic point here:
How do you know that the LISTING PRICE doesn't already take the repairs into account?

The Sellers have gotten a little smarter lately; they know that if they price it too high, that no one will look at it. As a rule, we are seeing Listing Prices that are designed to attract multiple offers.

If you try to Low-Ball, you will just be ignored:
Have your Reator do a CMA to find out where Market Value is. This should take into consideration the CONDITION of the house as well as the COMP's.

After all; your objective is to BUY the house: Right? not just waste your time.
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0 votes 5 answers Share Flag
Fri May 18, 2012
Alan Martin answered:
IT does not have to be cash if the home is of the type that lenders will lend on. You can always purchase in your name and then quit claim to the LLC but I can understand why a bank will not lend to an LLC. What if the LLC goes belly up ? Where would the bank go for its money ? How long has the LLC been un business ?
I have some lenders that may consider that. I will find out and let you know. Please text your e mail address and name to 407 832 4888
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0 votes 9 answers Share Flag
Tue Apr 3, 2012
Jerry Heard answered:
I am surprised that your loan officer did not pick up on this early in the process. The lenders that I work with get the credit package underwritten early in the process so all we need is the appraisal.
Get advice fro your loan officer as to what they want in the letter and write it right away so you can close.

I am never too busy for your referrals

Jerry Heard
Your Broker
The San Diego Property Shop
Direct 619-920-9796
Office 619-269-5545
Fax 619-269-9168
CA DRE # 00648687
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0 votes 11 answers Share Flag
Sun Mar 25, 2012
Anne Price answered:
All Realtors should listen to what the buyer is saying and it sounds like yours didn't. One thing to keep in mind is that some Realtors have special training to work with investors (and you approached your purchase like an investor), understanding the way they think, finding the deals and getting the offers accepted. The designation CIAS - Certified Investor Agent Specialist - is one to look for. ... more
0 votes 6 answers Share Flag
Sat Nov 22, 2014
Don Tepper answered:
Generally within 24-36 hours. Sometimes much faster.

Your offer should have a time limit in it; otherwise your offer expires. That way, there's a strong incentive for the seller to respond. That time limit is often 48 hours, though it can vary.

Your Realtor can provide more details.

Hope that helps.
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0 votes 13 answers Share Flag
Fri Oct 6, 2017
Nick Rafello answered:
Since 2008, it really doesn't matter what year it is. And now, I take the 5th.

Nick Rafello
Senior Vice President
Associate Broker
The Corcoran Group
0 votes 91 answers Share Flag
Sat Mar 31, 2012
Cheryl Carver answered:
The process begins when you put in a contract. Next, the buyer will either accept or decline. If he accepts, then the contract is submitted to the bank. On your end, you will need proof of funds to be submitted with your offer. Which bank holds the note will dictate how long and how difficult the process is going to be. It could take 30 to 120 days and there are no guarantees that it will work out. That is the biggest pitfall, the time it takes and the uncertainty of the deal getting done.

The good thing is that you may get a great deal on a house.
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0 votes 4 answers Share Flag
Sat Feb 4, 2012
Nina Daruwalla answered:
Hi Linh,

My Lender has several years of Lender experience and has done FHA Loans for me very efficiently, provided you meet all the criterias. Also understand, the CONDO/Toen Home complex you are Buying in also needs to be FHA Approved. I have Sold in Fremont, and have good experience in this.
Here is my Lenders Info, please let her know i referred you to her:
Sue Baker-Dirickson
Senior Loan Officer
NMLS # 281021
Contact Information:
Phone: 408-861-8866
Fax: 408-335-1102
10105 S. De Anza Blvd.
Cupertino, CA 95014

And My Information: as a Realtor is:
Nina Daruwalla, Realtor,
Coldwell Banker
10105 S De Anza Blvd,
Cupertino, CA 95014.
Direct: (408) 777-3823
Mobile: (408) 219-5743
DRE # 01712223

ALL THE BEST, Regards,
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0 votes 8 answers Share Flag
Sun Aug 27, 2017
Martin Macisso answered:
They cannot sell the home without listing it with the agent on the local MLS.

Depending on if its a Fannie or Freddie loan, you may be able to find the agent before it lists and ask to be notified...or have any agent sign you up for an automated email alert for that specific you can make an offer the day it comes on market.

Only smaller local banks will allow offers prior to listing or at auctions.
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0 votes 10 answers Share Flag
Mon Dec 12, 2016
Dan Firks Defined Realty Group answered:
Hello and Good Afternoon,

A survey is very important because you want to know where your boundary lines for the house are and to insure there are no encroachments or easements on the property. It only costs about $250 for a survey and will be well worth it.

Please visit with any further questions or call me directly 630.637.9009


Dan Firks
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0 votes 13 answers Share Flag
Wed Oct 4, 2017
Parrish Register answered:
Our cut-off is 580 for your middle score. Now that you have a copy of your credit report in front of you see take a few minutes to see what is pulling down your scores. High balances on credit cards, especially if the balance goes over the credit limit, will drastically lower your score. Obviously late payments, charge-offs etc will lower your scores as well. ... more
0 votes 189 answers Share Flag
Sun Dec 23, 2012
Roland Vinyard answered:
I don't see why an agent would need to be involved. You may want someone to give you advice, but that could be done by anyone familiar with the building trade, with codes, and with the legal transaction - buying the lot and the contract for the home to be built.

Are there important questions? You bet! Tons of them. WAY too many to even start on here. Will the home be stick-built or cookie cutter? The more choices you have, the more questions there will be.
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0 votes 74 answers Share Flag
Sun Dec 18, 2011
Brigitte Lukas-szabady answered:
Dear Deb,
The Tampa Bay Area has a good selection of homes yearlong as we don't have the complete seasonal changes like up north- Supply and demand is always an indicator of the economic conditions - so yes, typically homeowners would get more when there is less inventory and sell faster-- We also have many homes for sale that have been foreclosed on and of course short sales- Give me a call and we can go over your wants and needs -
Brigitte Lukas-Szabady
Realty Executives-Suncoast
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0 votes 11 answers Share Flag
Thu Dec 8, 2011
Robert D Hughes answered:
Tarincarin always confirm with a local lender in the area's you wish to purchase. In our area of Pennsylvania; borrowers can still purchase other properties less than 20% down as long as they have good credit, and income to support the new obligation. There may be some area's also offering special financing to help move properties, and there are owner financing with the right individuals.

Good luck, no better time to purchase than now.

Rob Hughes-Long and Foster
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0 votes 6 answers Share Flag
Tue May 31, 2016
Lynda Hester-D'Orio answered:
Hello Andy
Your realtor should be able to answer all these questions for you . A relocation company handles each transaction differently - how did you learn that the relo company would
0 votes 13 answers Share Flag
Mon Dec 5, 2016
Dorene Slavitz answered:
Dear Kristie,
Yes a second home that you rent, is considered either a vacation or investment property. Downpayments and interest rates will typically be different for these types of homes. ... more
0 votes 21 answers Share Flag
Sat Oct 22, 2011
Susan Uribe answered:

The short sale process can be time consuming. If you are a buyer that needs to be in a home within a certain period of time a short sale may not be the way to go. However, if your urgency to purchase is not a factor, then a short sale could certainly be considered.

The seller is requesting their lender to accept less for the home than what is owed. The home is put on the market and once an offer comes in on a property the seller would sign the contract and it would be presented to their lender for third party approval. The short sale lender would do an independent evaluation of the property to determine if they would be willing to accept the offer as is or counter the offer. Once the offer is accepted by the short sale lender, a written approval is provided. Based on the terms and conditions of the approval, the seller signs off on the approval letter and it closes just as a normal sale would. The buyer would get clear marketable title. This process can take between 45 days and 6 months depending on the lender and circumstances of the seller's loan.

I hope this answers your question regarding a short sale. If I can be of assistance in achieving your real estate goals, please give me a call.

Susan Uribe, Broker Association
Keller Williams Realty
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