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Green Credit Solutions All Locations : Nationwide Real Estate Advice

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Mon Jan 9, 2012
Scott Godzyk answered:
It will depend on the type of loan as well. Some underwroters like to see at leats 3 months reserves left over and others are at 6. The best person to answer would be your loan officer, they can go over the guideleines of your loan with you. good luck with your loan and purchase ... more
0 votes 12 answers Share Flag
Mon Nov 28, 2011
answered:
As far as the lender is concerned, yes it can cover insurance & daily interest, and even your initial escrow account deposit (if you have one) for your property taxes & homeowners insurance. Some seller's can be picky depending on the wording in the contract, if it just says "Closing cost credit" then it may exclude items such as the insurance or pre-paid interest because technically those aren't closing costs, those are "pre-paid items"... so I recommend the term "Settlement costs" be used as that includes all costs to the buyer at settlement, inclusive of pre-paid items. But more often than not even if it does just say "Closing cost credit" the seller will still credit them against pre-paid items. ... more
0 votes 6 answers Share Flag
Sun Aug 18, 2013
Anna M Brocco answered:
Have you considered working with an agent of your own...or contact local realty office for available area rentals; check local print media for by owner rentals, always verify ownership before exchanging any money; word of mouth, etc. ... more
0 votes 6 answers Share Flag
Fri Mar 22, 2013
Phil Rotondo answered:
Alice;
Try listing the property both ways.......both for sale and for lease.
You can then take the sweetest deal!!
0 votes 28 answers Share Flag
Fri Apr 26, 2013
Sid Walker answered:
Luis I believe Wells Fargo has a program that may be helpful to you if you have a downpayment of at least 10% of the purchase price. Email Marc Giles at Marc.Giles@WellsFargo.com for additional information. ... more
0 votes 9 answers Share Flag
Sun May 26, 2013
Bela Vora answered:
Hello future buyer,


I admire your aggressive stand at agency commissions. However be careful what you are asking for. If an agent cannot defend and negotiate their own fees, how well are they going to negotiate for you?

Many many things can go wrong even after an agreement of sale has been accepted. (I just published an article on my blog that you may want to check out http://downingtownrealestate.blogspot.com/2011/06/top-10-deal-breakers-and-how-to-avoid.html) Just make sure you have an agent who is knowledgeable and ethical.

Good luck.
... more
0 votes 72 answers Share Flag
Sat Feb 18, 2012
Brian Berman 678-564-1522 answered:
Hey Donalda, there are a number of home purcahse programs that offer grants and down payment assistance. I would be more than happy to go over those with you. You can reach me direct at 678-564-1522. My name is Brian Berman and I am the owner of Mortgage Atlanta ... more
0 votes 12 answers Share Flag
Thu Jan 19, 2012
Tony McMahon answered:
Doesn't matter if people can't qualify to take advantage of it.
0 votes 86 answers Share Flag
Wed Feb 20, 2013
Debra (Debbie) Rose answered:
Hi Julie..
Depends on the seller, their ugency to sell, and the validity of the list price!

I would say that, in general, most sellers won't jump up and down clapping their hands with glee with an offer 20% below their list price, cash or no cash.

That being siad, if the house is overpriced and has been sitting on the market for a while.........then you might be able to work something out. Just make sure your agent has smelling salts when the offer is first presented!

Kidding aside - if the home is reasonably priced.......it's unlikely $400,000 will work......but.........you have nothing to lose! Give it a try!
(what does your agent have to say, assuming you have one??)

Good luck!
... more
0 votes 98 answers Share Flag
Mon Nov 28, 2011
Russell Benson answered:
Yes it is. Bank of Oklahoma has a great loan right now but generally speaking 10% is about how much you need.

Let me know if I can be of further service. I sell lot sof rental homes and investment properties and would be happy to find you a good deal somewhere.

Russell Benson, Realtor®
Prudential Alliance Realty
405-378-4442
... more
0 votes 17 answers Share Flag
Thu Aug 30, 2012
Sally Grenier answered:
What does your agent say? What is the market like in your area? This time of year the market is heating up (here in CO and probably most other parts of the country too). I would keep it on through the peak "selling season". You might want your agent to give you an updated CMA to see what has sold recently, and see if you're still priced well.

Have you had many showings? If so, what was the feedback? Is there anything you can do to make it more attractive to buyers? If you haven't had many showings, then it's likely because you're priced too high. Good luck!
... more
0 votes 8 answers Share Flag
Sat Apr 23, 2011
Christopher Pagli answered:
Hi, Yes there are. There is a rehabbing loan available through the FHA called a 203k loan. This loan has two types one for 430k and under and one that is larger then that and requires a HUD appraiser to view the property along with contractor estimates, etc. Your best bet is to speak with a reputable mortgage lender to get all the details and discuss your options. conversations like this don't cost you anything but save you from alot of wonder ;o).

Christopher Pagli
Licensed Associate Broker
Accredited Buyer Representative
GREEN Designated Agent
William Raveis Legends Realty Group
914.406.9023
... more
0 votes 11 answers Share Flag
Tue Mar 29, 2011
Anna M Brocco answered:
For any safety concerns you may have, your best source of accurate and up to the minute information are the local authorities, why not visit/call and ask all your questions, hear all there is to hear firsthand--also do visit the area more than once and at different times of day, look at whatever is important to you, possibly chat with locals, etc., them make a determination... ... more
0 votes 8 answers Share Flag
Mon Mar 21, 2011
Kristine Partridge answered:
I am really familiar with the condos in your area. My office is located in Pleasant Grove and I have had lots of success selling properties in the condo and townhouse complexes. I currently have a short sale that is under contract near you in The Gables.

A short sale may be an option for you. Please keep in mind that every scenario is different, however typically if a property is worth less than what is owed and a homeowner needs to make a move, a short sale is a great option to consider. Additionally, there are some programs available (depending on the type of mortgage that you have), that may qualify you to get up to $3000 once you complete your short sale and the lender will sign a non-recourse. With a short sale, there are no out of pocket expenses for you either and all closing costs are taken care of by the lender in the short sale negotiation.

The best suggestion I can give you is to set up an appointment with a qualified short sale expert, such as myself, to help you navigate the pros and cons of a short sale for your potential situation.

I would love to assist you. Please feel free to contact me at the contact information below to schedule an appointment. Also, I have a great website designed to answer many of your questions.

My short sale and foreclosure website: www.HouseHelpUtah.com

Have a great day and please let me know if there are any questions I can assist you with.

Sincerely,
Kristine Partridge
Broker
Simple Choice Real Estate
801-228-1683
www.iSellUtahCounty.com
... more
0 votes 3 answers Share Flag
Thu Dec 29, 2011
Dallas Texas answered:
Your buyers agent is person assist you with any real estate purchase whether new home construction, or pre-existing home. Contact your agent

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
... more
0 votes 20 answers Share Flag
Thu Jan 27, 2011
Tim Moore answered:
Where you have renters you will have to have owners since banks will not be landlords, therefore it stands to reason that those that can buy will be the big winners while those that must rent will be trailing behind. There will be a lot of talk about land contracts, rent to own, and other creative financing -- AGAIN. History repeats itself. We went through this in the early to mid 80's and it looks like we might be there again. It seems to me to be a great time to be a buyer, not a renter. ... more
0 votes 12 answers Share Flag
Mon Oct 9, 2017
jo answered:
Thats a tricky one. Not all of the have a good rep. You might want to go on line and do some research on google by typing up credit repair in your area and reading up on them.


Good luck,
Nick
... more
0 votes 46 answers Share Flag
Tue Sep 21, 2010
Chad Basinger answered:
Hello,

I'm sure you will get a lot of responses here. I have included a link below to my blog (scroll down for the article that talks about renting out your property and the steps you should take.) Furthermore, you should run a detailed financial analysis of what renting your property will yield. Also, be very diligent in selecting your tenant as it is a known fact that people do not treat things the same when it is not theirs. Best of luck!

Chad Basinger, REALTOR®, CPA, CFP®
858-997-3704
chad@chadbasinger.com
... more
0 votes 8 answers Share Flag
Mon Nov 7, 2011
Jennifer Buchanan answered:
Sorry Home Buying in Orlando...your Realtor probably can't afford your plane ticket. The market is tight right now and you shouldn't expect your Realtor to pay any money up front, if anything, if you are serious, you should pay an agreed upon amount to prove you are serious to your Realtor. You'll find they will work harder when they are guaranteed a paycheck. ... more
0 votes 325 answers Share Flag
Fri Jun 26, 2015
Diane Conaway answered:
A builder in Valley Center would consider it. Why not make the sale of your current home contingent on finding suitable replacement housing?

Diane Conaway, RE/MAX United, (760) 749-2888
DRE #01207791
... more
0 votes 17 answers Share Flag
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