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Probate Sale All Locations : Nationwide Real Estate Advice

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Showing results for Probate Sale [Clear search]
Mon Dec 24, 2012
Adrian Ornelas answered:
In any normal home purchase the buyer pays for Buyer's Closing Costs and the seller for the Seller's Closing costs. In a buyer's market it is common for a seller to pay for the buyer's closing costs, but currently Las Vegas is a Sellers market. Are they requesting that you pay for the seller's closing costs? ... more
0 votes 7 answers Share Flag
Fri Dec 21, 2012
Steven Goldman, CRS, Realtor answered:
Call your favorite Realtor to get you inside. You may have to pay the Realtor yourself. At least you know you are getting representation and have someone looking out for your financial safety.

Do not send or give any money to anyone without meeting the owner or an authorized management company. Your Realtor can assist you in not getting scammed by people acting as the owner and taking your money. Sometimes these bad people rent the property to many people at the same time an then disappear.

You decide if it is worth a few hundred dollars to get the protection of an expert in the field.
Will it cost you a few dollars, yes. Look at the alternative.

Your Realtor can also assist you in purchasing a property of your own and having a payment lower than the rent you will be paying. WHAT A DEAL !!!

Good luck and happy hunting.


New Web Sites:

www.SHORTSELL4FREE.INFO

Please contact me immediately if you know a person that cannot make their mortgage payments. I will work with them to avoid foreclosure or bankruptcy at no charge or fees to them.



Steven Goldman, CRS
Broker Salesman
Certified Distressed Property Expert (CDPE)
Certified Default Advocate (CDAT)
Certified Short Sale Professional (CSP)
Certified Probate Real Estate Specialist (CPRES)
REO-BPO Certified
GRI, ABR, SRES, CNHS, PM, CCI
Realty One Group
10750 W. Charleston #180
Las Vegas, NV 89135
Direct 702-242-1372
Fax: 866-286-2099
E-Mail: crssteven@teamgoldman.info
www.teamgoldman.info
... more
0 votes 4 answers Share Flag
Sat Dec 15, 2012
Suzanne MacDowell answered:
Contact the administrators here and let them know. There are a lot of scam artists targeting tenants these days, particularly on Craigs List, but some manage to use Trulia as well. I am sure Trulia does not condone this activity and will pull the listing down as soon as they area advised. ... more
0 votes 2 answers Share Flag
Sat Jan 5, 2013
Kurt Grosse answered:
Consult an attorney. This is a legal question not appropriate for a real estate agent to answer unless he or she is an attorney.
0 votes 4 answers Share Flag
Wed Dec 5, 2012
Myra Gouger answered:
Somehow I don't think they are your personal property on the appliances. Personal property in real estate in NV means that they are not affixed to the wall. That doesn't make them YOUR personal property. They are and remain the property of the landlord. I think you need to bring them back to the home. ... more
0 votes 6 answers Share Flag
Wed Mar 11, 2015
Larysa Dombrovska answered:
Here is a link direct to the Las Vegas Metro Website.
http://www.hankslvrealestate.com/Web/AR421930/CustomContent/…

It is address specific and you can get neighborhood statistics for up to 60 days.

Feel free to call or email me if I can be of further assistance
Contact info is below

Larysa Dombrovska
Broker Salesperson
SHORT SALE CERTIFIED
neb258@gmail.com
Toll Free: 1.800 CALL ZIP x5728
Cell: 702.379.3662
Web: http://domlar308.las.mlxchange.com/
SearchLink: http://lead.domlar308.las.mlxchange.com/
... more
0 votes 8 answers Share Flag
Sat Dec 1, 2012
Steven Goldman, CRS, Realtor answered:
Good day Ncchong,
Your question is a great one to ask as a tenant. There is no one size answer fixes all issues on this one.

Normal wear and tear is the using up of the rental unit resources in the normal living in the rental unit.
If the carpet is worn in an area due to walking on it, that is normal wear and tear. If it is worn because the baby sits in one spot and scratches at the fibers, that is not normal wear and tear.
The window latch not securing the window may be considered normal wear and tear if it breaks while closing the window. The latch missing because the tenant removed it as it was in the way, is not normal wear and tear.
Normal wear and tear is the regular and usual maintenance items in the living inside of a property. Light bulbs burnt out and needing replacement is normal. Finding the light bulbs missing and replacing them 2 times a month is not normal.

Now, let's chat about the cabinet. If the cabinet became lose because the screws became lose and the tenant did not report it to the landlord. Then it fell, that would not be considered normal wear and tear. If you reported it to the landlord and he did nothing about it, then I would think the landlord would be responsible to fix the cabinet. Personally, I have never had a cabinet or door come off the wall. If one of the children was pulling on it or the cabinet was overloaded with canned goods, the tenant would need to pony up the repair cost.
If the cabinet was lose and you still used it, the damage to the cabinet falling would be your responsibility and pay the bill. You should have tightened the screws. Ask your neighbow for a screwdrive if you do not have one.
If the cabinet was not installed properly such as the screws were not into the wood studs, then I would think the landlord will re-install the cabinet properly.

Simple question, not so simple answer.

I had a sliding glass door shatter on one of my rental units. I wanted the tenant to pay for the repair. It was hundreds of dollars. The glass man came out and determined that the rubber gasket had failed and when the August sun shone on the window the window expanded and shattered. As much as I wanted the tenant to pay for a new window, I paid the bill. It was not their fault.

My leases have a dollar amount for the tenant to pay for normal items that wear out such as light bulbs and smoke alarm batteries. I still fix them if I know about them. In your case, would a $1.00 screw have prevented the issue? It is not a matter of being right. It is a matter of living together. Let's work together to keep our places safe and enjoyable to live in. If the cabinet was tight when you moved in, then go to the local hardware store and buy a $3.00 hinge and fix the door. Send me the bill for $3.00 and I'll pay for it. Be done with the project and let's get back to being good neighbors once again.

I hope that provides you the answer to the question.

New Web Sites:

www.SHORTSELL4FREE.INFO

Please contact me immediately if you know a person that cannot make their mortgage payments. I will work with them to avoid foreclosure or bankruptcy at no charge or fees to them.



Steven Goldman, CRS
Broker Salesman
Certified Distressed Property Expert (CDPE)
Certified Default Advocate (CDAT)
Certified Short Sale Professional (CSP)
Certified Probate Real Estate Specialist (CPRES)
REO-BPO Certified
GRI, ABR, SRES, CNHS, PM, CCI
Realty One Group
10750 W. Charleston #180
Las Vegas, NV 89135
Direct 702-242-1372
Fax: 866-286-2099
E-Mail: crssteven@teamgoldman.info
www.teamgoldman.info
... more
0 votes 2 answers Share Flag
Wed Nov 28, 2012
Phil Rotondo answered:
Sun Nov 25, 2012
Suzanne MacDowell answered:
I am having the same problem with my short sale listings. It's Fannie Mae. I am trying to get to the bottom of it. I have a call into someone higher up at the Short Sale Help Desk. I will try to let you know how that goes. I have two of them with the very same issue and it's very recent. ... more
0 votes 7 answers Share Flag
Sun May 11, 2014
Myra Gouger answered:
Yes the sale was legal. You also have no recourse to sue anyone. The investment company is the real owner now.
0 votes 11 answers Share Flag
Thu Dec 4, 2014
Steven Goldman, CRS, Realtor answered:
Many properties are sold in this fashion. I suggest you enlist a real estate attorney to draw up the documentation to protect Seller and Buyer. There are a lot of legal issues for the type of transaction you are suggestion.

Check with your lender. You may find that if you assign your rights to another person, your loan is callable. That means that you will have to pay the balance off within 30 days if they enforce the option.

I might add that this is not a very smart way to purchase property. If the original loan holder does not pay the original mortgage and other direct expenses, the property may be foreclosed upon. The foreclosure goes against the original mortgagor and the Buyer looses all of their money that they paid.

If there is a major casualty loss (fire, flood, etc.) and the Mortgagee is involved, the insurance check will be written with a different owners name than the Mortgagee expects. Now you have an insurance check that cannot be cashed.

Who claims the tax advantage of owning property. The buyer cannot as he is not the owner until the transaction is complete. The Seller has signed away their rights. Do you see the issue for your CPA and the IRS to unwrap?

The contract you mention is also called a wrap and was very popular many years ago. Many states have deemed that mortgage fraud and is illegal if you do not have the Mortgagee's permission to make the transaction. Some people call it a "Contract of Sale". Same thing, different words. Very risky for the Buyer and very profitable for the Seller. If you have not received your Mortgagee's permission to sign away your rights (possible in an assumable loan) you violated the terms of the agreement that you made when received the loan. Do you see an issue here?

Check with the Realtor's Broker to be sure their E&O Insurance will be valid in this type of transaction. It would be nice to have (for all parties) in the event that something goes wrong.

Remember that 100% of divorced people end up single.

What happens about title insurance? Who gets it in the event there is an issue?

I hope your Buyer reconsiders for their sake. You, on the other hand can receive lots of money at little risk except for the possibility of you Mortgagee calling the loan.

There are other ways for a Buyer to purchase without the risk and violating your mortgage contract. I susgest you and the Buyer sit down with a Realtor and/or attorney to develop a transaction that will get you both where you want to be with little risk.

I am sure that there will be lots of comments from Buyer's, Seller's and agents that work this type of deal. I look forward to hearing from them.

Have a great week and holiday season. I wish you well.

New Web Sites:

www.SHORTSELL4FREE.INFO

Please contact me immediately if you know a person that cannot make their mortgage payments. I will work with them to avoid foreclosure or bankruptcy at no charge or fees to them.



Steven Goldman, CRS
Broker Salesman
Certified Distressed Property Expert (CDPE)
Certified Default Advocate (CDAT)
Certified Short Sale Professional (CSP)
Certified Probate Real Estate Specialist (CPRES)
REO-BPO Certified
GRI, ABR, SRES, CNHS, PM, CCI
Realty One Group
10750 W. Charleston #180
Las Vegas, NV 89135
Direct 702-242-1372
Fax: 866-286-2099
E-Mail: crssteven@teamgoldman.info
www.teamgoldman.info
... more
0 votes 6 answers Share Flag
Tue Apr 15, 2014
James Martin answered:
Most banks/investors require the the transaction to be an "Arm's length transaction".
Here is part of the wording from such an affidavit from BOA.

l hereby affirm that this short sale is an "Arm's Length" Transaction. No party to this conlract is a family member,related by blood or marriage.

Obviously, fraud would be committed by signing the affidavit and having the listing agent being related to the seller.

James Martin
LVRE4U@hotmail.com
... more
0 votes 11 answers Share Flag
Thu Jan 3, 2013
Tomi Thomas answered:
How long something stays on the market has everything to do with whether it is well-priced and well prepped for the market. In general, homes are selling very quickly in all these areas...when handled by knowledable agents and properly marketed, often the time-frame is less than two weeks from the ON- market date to the In-Contract date.

I'd be happy to discuss sales trends with you, along with any other questions, as part of an Q&A that addresses your more specific need and budget. I'm reluctant to post numbers based on your neighborhood designations, because I find this type of blanket analysis does not give the best snapshot of market behavior. I know there are agents who love this kind of data, but personally, I think it is too broad brush to be helpful. I prefer to pull subsets of data, based on condition, and micro markets within the areas of interest. Looking at how properties that would have been actionable to you will tell you much more about how to achiee the best property for you and at the best price achievable.

The market is riddled with different pricing and marketing strategies right now, and understanding how to focus your capture strategy with the specific property might be a useful exercise for you.

You are welcome to call me to discuss...and to interview me to see if it is a fit. I don't assume a phone call establishes a working relationship - but I do recommend you find your agent first to help put this kind of data into context.
... more
0 votes 4 answers Share Flag
Wed Nov 14, 2012
Faith Wendt answered:
Great question!
An appraisal is a valuation of the property, usually used for loans by mortgage companies. The lender will send out an appraiser to the home to do the appraisal. They will look at other comps in the neighborhood and may use different methods to come up with a value for the home. ... more
0 votes 4 answers Share Flag
Thu Nov 15, 2012
Scott Godzyk answered:
It could, it depends if it is on your credit, it depends what happens with the mortgage on the condo that was foreclsoed on. you should meet with a local and trusted loan officer who can prequailify and guide you through the process. ... more
0 votes 8 answers Share Flag
Thu Nov 8, 2012
Doreen Mulcahey answered:
You certainly can if you would consider purchasing a Manufacture Home.

I have included my Web site so that you can see some of the Manufactured home that we offer for sale, as well as Sunrise Mobile Home Community site at the bottom of this letter..

Most of the homes we have listed are in Sunrise Mobile Home Community. This is a “very well kept" 14 year old Family Park with Desert Landscaping and Modern Conveniences. This community is 6 miles east of the Las Vegas Strip and is very close to the Boulder Highway Strip. We are a Gated community with transportation service at the gate.

Most of our homes are in the 1998 to 2006 age range. They are double wide and have been brought back to as "near as new" condition as possible. New paint inside and out. New carpet and vinyl and window blinds throughout. They all come with reconditioned Range, Refrigerator and Dishwasher where applicable. All of the homes come with Central Air Conditioning. Many of them come with an additional storage shed. There is also a covered 2 car carport. Most have fenced yards.

We have 2 bedroom 2 bath homes starting at $19,900 to $29,900. Our 3 bedroom 2 bath homes that we have listed at this time are from $24,900 to $45,900.

The financing is as follows: We are offering a Down Payment of $2500. These are 20 year loans at 7% interest. Your 1st month Mortgage and Space Rent will be FREE. Your monthly cost this could be between $712 and $982 depending on the home price. We are also offering 10% to 50% CASH discounts.

I hope this information is helpful and that I will be able help you in finding your new home. Let me know if you have any more questions or if you would like to set to set up an appointment to view our Community.

Sincerely,


Doreen Mulcahey, Mobile Home Sales Specialist
Manager, Sunrise Mobile Home Community
http://lvmobilehomespecialist.com
http://www.sunrisemobilehomepark.net
702-432-5533
... more
0 votes 17 answers Share Flag
Fri Oct 26, 2012
Jane Peters answered:
This is rather a vague question, but I would assume you mean that your three-day time limit has passed. You don't have to do anything. If you don't extend it you don't have an offer. If you want to be in the game you should extend it. Often these offers go past their expiry date but are still considered, and counters are written extending they buyer's offer just for consistency. So, if you are interested in the house, have your agent extend. ... more
0 votes 12 answers Share Flag
Mon Oct 22, 2012
Tina Lam answered:
In real estate, there's no normal that can apply to every transaction. You just have to work with your Realtor to figure out what works.

In a short sale, your purchase agreement is contingent up on the bank's approval. If the bank doesn't approve the sale, then there's no contract between you and the seller. In that case, there's no point in viewing the property until after the approval. You would only need to press to view the property if you actually are purchasing the property AS IS without any inspection contingencies. But, again, you don't know when the approval would come from the bank, if it does at all. ... more
0 votes 5 answers Share Flag
Mon Oct 22, 2012
Matthew D'Ercole answered:
You are bound by what is said and dates in the addendum and extension. Please speak to your realtor or his broker about your concerns and questions. If you break your agreement you could be sued by buyer for breech of contract.

Matthew D’Ercole
One Source Realty and Management
Cell - 702.501.0973
Website - http://matthewsellslasvegas.las.mlxchange.com
... more
0 votes 8 answers Share Flag
Wed Oct 17, 2012
Nakia Woodson answered:
Yes an HOA can foreclose on you. Even if you are not delinquent on your mortgages. NV is pro HOA, pay quickly or reach a settlement.

Thanks,

Nakia Woodson
Wardley Real Estate
702-318-1244 ... more
0 votes 16 answers Share Flag
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