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Home Buying Companies Legitimate All Locations : Nationwide Real Estate Advice

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Activity 252
Showing results for home buying companies legitimate [Clear search]
Tue Nov 15, 2011
Sally Grenier answered:
The biggest risk, in my opinion, is having to rely on others to manage the property for you and hoping it's being done properly. If anything were to happen, you can't exactly go over to the house and make repairs or maintain it yourself. I'm sure there are reputable management companies you can use. ... more
0 votes 8 answers Share Flag
Wed May 23, 2012
Anna M Brocco answered:
Consider working with an agent of your own; interview in person a few local agents from different realty companies then choose the one you like best--your agent will be your best guide.
0 votes 6 answers Share Flag
Wed May 16, 2012
David Corbin answered:
Hello Strokes510,

I am not sure what the percentage of rent to own success rate is (my guess is that it is pretty low) however it appears that ownerwiz.com is a scam. Go to http://www.ripoffreport.com/real-estate-services/ownerwiz-co… and read what someone has posted about ownerwiz.com services.

It is always best to remember this: "If it sounds too good to be true then it probably is".

Please contact me if you are in need of assistance with purchasing a home.

Sincerely,
Dave Corbin
... more
0 votes 4 answers Share Flag
Mon Jan 28, 2013
Harold Sharpe answered:
Hi Harry Hall,
As far as the insurance goes I found that the Auto club homeowners insurance for homeowners with earthquake was the most reasonable yet it is pricey.
As for the dangers of an earthquake,...
I have been through two large ones in my life. The 1971 feb 9th in Sylmar was a 6.6 and the 1994 January was a 6.9. On both times I lived within 5 miles of the epicenter.
I would say a single story home does better than multi stories.
I would say wood frame does better than brick or rock etc.
I think you already know people have died in both of those quakes.

I would say getting attached to fragile items is a heartbreak waiting to happen.
I haven't hung much on a wall since 1994.

If you have never been in an large earthquake, I would say the bed or the couch may be your best bet. ( away from glass )
I have seen waterbeds thrown about, fridgerators across the kitchen on the floor. all the glassware and plates broken, dressers topple over, and the list goes on and on.
The thing to understand best is the aftermath.
This is the forced camping trip you can enjoy but lets face it it is forced on you.
You will have the following.
1. after shocks for the next few months
2. no water,
3 no electricity
4. no gas
5. usually many new friends as you are all in a new boat.
6. no help for cities counties state or federal government
7 you are on you own on a camping trip. if you cant deal it is the camping trip from hell. If you can deal it can be a great experience.
8 There is also a great amount of dust that rises in the area. dont breathe it as this causes valley fever.
9 dont get in the car and drive as bridges seemingly disappear and people drive off of them. you would be amazed how many do this. next time you go for a drive count the bridges you will be amazed.
10 no tv no cable no cell phones no computers but you usually will have portable radios.

I hope this helps

Harold Sharpe - Broker
So Cal Homes Realty
(951) 821-8211
harold@socalhomesrealestate.com
http://www.socalhomesrealestate.com
California Department of Real Estate Broker License # 01312992
... more
0 votes 4 answers Share Flag
Wed Aug 10, 2011
Mark Lindberg answered:
You bet. The banks are wanting to reduce their inventory. They always have the option to say no or counter offer your offer. If you need help with this give me a call.
0 votes 10 answers Share Flag
Fri Apr 1, 2011
Tim Moore answered:
My guess is everyone will have a credit score when checked, even if you have no established credit they give you some number as your score. The question is will it be good enough to be able to obtain a loan. I would seek out a local bank and loan officer and speak to them to see what they can tell you. It's free and you will learn some things by talking with these people. Let them guide you. ... more
0 votes 1 answer Share Flag
Fri Jan 27, 2017
Michael Emery answered:
Sure you didn't get a 1099 form?

If it's over $600.00 it might be considered reportable income.

When in doubt, check with the IRS (www.irs.gov)
0 votes 37 answers Share Flag
Mon Jan 4, 2016
John Arendsen answered:
Have you purchased this condo yet? First of all structural insurance on a conjoined (multi-unit) structure is very difficult if not impossible to find let alone EQ ins. You need to do some homework. Where is this condo located? Is it in a Zone 4 EQ area? When was it built? There's a lot of variables.

But to answer your question I find it highly unlikely that you would be able to find any ligitimate insurance company that would be bold enough to sell you an earthquake insurance policy in a condo complex.
... more
0 votes 12 answers Share Flag
Thu May 25, 2017
Craig Brock answered:
There are 2 types of credit repair that I have learned and am applying today with my clients and myself.

1.) Establish new lines of credit. For example if your credit is bad you will need to apply for a secured credit card and make payments on it every month from the start to finish. You will get 30 points just for opening a new one. ( I have a personal person that I use that opens secured credit cards and secured loans and can get you up to 100 points within 6 months.). You can also piggy back on someone elses established credit card that has a high credit limit with a low balance. How you do that is ask someone you know like a relative or a best friend if they will make you an authorized signer on their credit card. All they will have to do is call their company and have them issue you a card as an authorized signer. You then tell them that they can keep the card and you just inherited their credit. ( I have personally done this with my girlfriend and my credit has jumped 60 points using her credit.) That is all you can do to establish new lines of credit.

2.) Dispute all collections on your credit. There are 2 methods on doing this as well. You can google FICO and sign up on their site and they will teach you how to dispute it yourself. I am going to be honest with you about this you will need to dedicate about 2 hours a day calling and writing letters. Option 2 is use a well known company to do all the work for you and make sure they allow you to monitor what they are doing as they are doing it. I am personally enrolled currently with Americas Credit Resolve out of Wylie, TX. I have already had 2 items removed off my credit in 30 days. It is a 6-8months program and will run you about $1000. The good thing is they assign you a website and you can log on and see the progress on getting stuff removed off your credit.

So far with both of these methods I have jumped up 100 points on my credit and can educate you on how to do this. I have direct contacts for both methods and use them on a daily basis with my credit challenged clients. In order for me personally to become a believer I tried both methods my self so that before I recommend it that I have personally used it and trust it.

Feel free to contact me anytime to learn more about both processes and how you can be elidgable to purchase a home in 6-8months. That is my plan and should be good to go at the end of summer!!


Craig Brock
Keller Williams-plano
Office-972-599-7000
Cell-972-339-2820
Fax-972-499-1388
Craigbrock@Kw.com
www.craigbrock.yourkwagent.com
... more
0 votes 88 answers Share Flag
Tue Nov 19, 2013
Dan Tabit answered:
Thom,
Did you sign a buyer’s agency agreement promising to pay 3%? If you did and the commission was less, you may be obligated. Whatever documents you signed will determine what your obligations may be. If you did, your agent should have informed you that buying this particular home would trigger this, but if the agent didn't it doesn't invalidate the signed agreement. ... more
0 votes 105 answers Share Flag
Fri Mar 18, 2011
David Jaffe answered:
Bankruptcy is a very serious issue on your credit record... It may often take up to 7-years to clear it off your record. I would encourage you to continue to have stellar credit with no late payments, while saving up for a larger downpayment... The more you can put down (20% recommended), banks will start viewing you as a low risk buyer.

Best of luck,

David Jaffe-SRES, CDPE
Realtor-Coldwell Banker
... more
0 votes 4 answers Share Flag
Thu Aug 18, 2011
Mott Marvin Kornicki answered:
Thu Feb 17, 2011
Chris Jahn answered:
I don't know about that company in particular, however, companies that make such offers typically work in the following manner: They will appraise your house at what they determine is fair market value. Then in the agreement it usually specifies that they will buy it for a certain percentage less than their appraised value. Often its just a marketing ploy to get listings, so be wary if you talk with them and be sure to read the fine print closely. Remember, if it sounds too good to be true, it usually is. ... more
0 votes 5 answers Share Flag
Sat Apr 23, 2011
Anna M Brocco answered:
What is your agent advising, and what does your contract state...if you don't have an agent consider consulting with an attorney who specializes in real estate, have all related paperwork reviewed--he/she can best advise as it relates to your specific situation. ... more
0 votes 16 answers Share Flag
Sat Jan 15, 2011
Tony McMahon answered:
Please be careful when asked for up front fees. Any reputable Real Estate agent in your area, will be more than happy to provide you with a free property search in hopes of earning your business. You will not be able to purchase a home without a credit check that a reputable lender will do, unless you are paying cash for the house. ... more
0 votes 6 answers Share Flag
Thu Mar 8, 2012
Tom Sommers answered:
Anabel,

If you are speaking of the earnest money check you presented with your offer then the answer is yes. In Minnesota we have 3 business days from the final acceptance date to deposit the earnest money into the broker's trust account. So even if there are still contingencies in the contarct the money is with the listing broker. If the deal falls apart and you are within the proper time line should you need to cancel, the broker can refund the earnest money to you with a signed cancellation from all parties.

Hope that helps,
Tom
... more
0 votes 12 answers Share Flag
Wed Dec 1, 2010
Ed Barski answered:
Max,

In order to qualify for a short sale, you need to have experienced a hardship (your reduction in income) and the house must not be able to be sold at the price needed to exit it. Generally you list the house for 2-4 weeks at a price that would clear all mortgages and then begin dropping the price. This shows the bank you tried to at least get the amount needed. (they will do their own bpo/appraisal of sold properties anyway, but it doesn't hurt) They will require you provide paystubs, bank statements, tax returns, a hardship letter, income/expense statement, etc to prove you are making less than you are spending monthly. I also provided you a list of common facts pertaining to a short sale.

Some Facts About Short Sales

1.You DO NOT need to be behind in mortgage payments to do a short sale.
2.Not paying the mortgage for a prolonged period of time is what damages your credit the most.
3.If your credit score is between 600 and 675 your credit score will decrease 60 to 80 points with a short sale.
4.If your credit score is 700+, your credit score will decrease 100 to 120 points with a short sale.
5.If your house is foreclosed on, your score will decrease 250 to 280 points.
6.Divorce, job loss, pay decreases, medical issues, are all considered legitimate hardships.
7.A buyer must wait only 2 years after a short sale to purchase another home assuming credit cards, car payments, and other credit lines are kept in good standing.
8.A buyer must wait 5 to 7 years to purchase another home after a foreclosure.
9.The approximate time to complete a short sale ranges from 2 – 6 months.
10.Seller’s retirement funds are not affected by a short sale.
11.Most conventional lenders are looking for 83% in relation to what is owed them.

Hope that helps!
... more
0 votes 5 answers Share Flag
Mon Nov 22, 2010
David Sciplin answered:
Many things can happen with dealing with short sales, including having the property auctioned off under your nose. This is mostly an issue with the Seller’s Agent not your Agent. It’s a bigger issue with the lender, investor, many different lender departments and people involved in getting things right. It’s impossible to give specifics without seeing the paper trail. The Seller’s Agent, your Agent, the Seller and You can do everything right. If one person on the lender’s side misses a filing date, this can happen. ... more
0 votes 18 answers Share Flag
Thu Nov 10, 2011
James Gordon ABR SFR SRS answered:
Bill there are investor friendly agents that will be willing to write up multiple low offers. In my area any savvy Realtor® is staying away from double escrowsor double closings as those are a trigger to be reviewed by Operation Stolen Dreams. ... more
0 votes 11 answers Share Flag
Thu Apr 7, 2011
Aaron Dickinson answered:
Your score will not immediately pop up once you pay off the debt and it also largely depends on how your score is now to figure when your score will be high enough to qualify for a mortgage. The best thing to do is speak with a loan officer to figure out where you stand and they can offer a better idea of how long you should expect for your score to improve. ... more
0 votes 20 answers Share Flag
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