Why don't you hire a Realtor to take you to the homes . It is dangerous for people to give directions to their sellers homes having not known who someone inquiring on a website might be .
You can't get into the homes anyway so why not hire a professional to put together a list and take you out?
That would be the best thing to do .
You can also ask that Realtor about the neighborhood . But just driving buy and looking in windows or peeking around is dangerous for both you and the seller .... more
You should contact your listing agent to work with the buyers agent to see if teh buyer can be comforted throug buyers remorse to continue. You may also want to meet with an attormey to draft a letter stating the buyer is in defalut and you will seek damages. An attorney and your listing agent should be your first 2 calls for advice.... more
Hi again-Just wanted to give a bit more background in case it helps someone answer the question. The owner abandoned the home about a yr ago. The home set to go to auction 1x before on July 5th 2012. The seller filed
a strategic chapter 13 bankruptcy and the home was not auctioned but placed as a short sale for $379,000. The seller owes $550,000. 2 leins both with Wells Fargo. Based on what we know about the sellers lifestyle (small business owner, cars, boat, vacations, renting a waterfront home) there is some question as to the sellers amount of
Hardship. We are specutating that his resistance to communicating with the bank could be due to this.
Now can any of you look into your crystal ball for us please??? We want this house!!!
Thanks britt... more
I don't think it's when they accept an offer I think because when a property goes on the market they get so many offers they need to "hold ".
In some cases a property could have 20 offers. $10K - $100K over list , cash, no appraisal contingency and the seller wants to stop the 100s of calls and showings to sit down and accept an offer.
Where I am at. It's that crazy in sometimes.... more
Harder than you can imagine. Yes, homes are going for $10-$15,000 more than the list price. Nevada home prices are up more than 15% according to an article in the Review Journal and the prices are going up more than in any other state. So, here is the true picture: we led the market in foreclosures, we led in low prices and now we are leading in higher prices and faster appreciation.... more
They are based out of NJ and provide financial assistance and guidance to first time home buyers. I can only speak from my experience but I find their process painfully slow, which can kill a transaction easily. Be prepared to spend many hours with them on the phone or make personal trips to NJ to get a response to your file. I wonder if it's worth the savings. What was your husband's client experience?
Janet Nation, CBR
Sailing Home Realty
Licensed Real Estate Salesperson
Depends on where in Long Beach you're considering and the size. It's good to invest in real estate, best to invest in 2+2 units and with as little deferred maintenance as possible. Is that likely to happen for 100k or less? No. Why hold for 7 years specifically?... more
It is possible that they might deny you because of adverse information no matter how long. I believe that it is something for each indivicual coop board. You should make sure your agent is familiar with the boards in which you are applying. Generally if your bankruptcy is so far in the past it will not come up on a regular credit check. With a good history over the last 7 years I don't believe you will have a problem in any but the most stringent boards.... more
I guess anything is possible, but I would have to bet against that happening. Only VA and USDA loans require no money down. You have to be a veteran to get a VA loan and USDA are in certain areas in certain price ranges and subsidized. You won't know for sure unless you ask some loan officers.... more
In an ideal situation, you are probably looking at 60 days to close the sale; that would put you at April 1st.
Things are seldom IDEAL.
Across the nation, the DOM right now is about 70 days to sell, plus 30 for the Escrow. That would make it 100 days or May 10th.
Talk to a local Realtor and see if they agree.... more
Speak with Marvin Rosenberg from Residential Finance Corporation in Manalapan. He is excellent and knowledgeable, best financing specialist I've come across in over 8 years in the business. More than likely there will be a few different solutions depending on your situation. Some options he may suggest may include the possibility of using a co-signer if possible for a more immediate solution or giving you some suggestions on how to raise your score. Either way, he'll give you honest, knowledgeable advice to help you out.
I assume you can't buy because nothing is currently available? I see some that are on the market. Message me directly, I can set up a search that will let us know ASAP when a home in East Grove comes on the market and I can send you the ones that are currently available. It doesn't seem that price range is the issue....
McAllister Homes Real Estate