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Home Buying in 01129 : Real Estate Advice

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  • Home Buying2
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Activity 48
Thu Feb 28, 2013
Territory.com answered:
Sure, why not! If he is willing to rent perhaps he would be willing to owner finance. I don't see the harm in asking.

Territory.com
Massachusetts Premier Buyer Brokerage
617 848 5407 x701 ... more
0 votes 9 answers Share Flag
Fri Mar 15, 2013
Tim Moore answered:
It seems odd to me that you can't get a bank interested in loaning you money, but you think some private citizen would take the risk??
0 votes 6 answers Share Flag
Tue Feb 12, 2013
Cyndie Degnan answered:
When interest rates were high- 8, 9, 10% or more, assuming a mortgage that had an interest rate of 4 or 5% could save the buyer quite a bit over the course of the loan. With interest rates at all time lows, it would probably not be to a buyer's advantage to assume a mortgage loan.
If, on the other hand, you are shopping for a mortgage on a home, some banks may offer mortgages that allow a future buyer to assume your mortgage. You will need to ask your lender whether or not they offer a product that has the assumable option.
... more
0 votes 4 answers Share Flag
Mon Feb 4, 2013
Tim Moore answered:
It means that the home will be sold and there is not going to be a minimum amount that needs to be met for the auction to proceed. Don't confuse foreclosure and auction, they might not be connected. You have not giving us enough information to know for sure if this is the auction at the end of the foreclosure process or some private auction being done on a house to maybe stave off the foreclosure. You said "prior to the foreclosure" so that tells me the foreclosure is over in the past and those end with an auction, once done it is no longer (or should not be) called a foreclosure since it ended. If this is the trustee sale that ends the foreclosure process and converts the property to a new owner, then yes you have to pay any liens that you buy along with the property. Yea, if you buy a property for $1 then you better start looking for a $50,000 tax lien on it too. Many auctioneers use terms like absolute auction to encourage bidders that have no idea what they are doing to come out and throw away money. Be careful. ... more
0 votes 3 answers Share Flag
Mon May 6, 2013
Christine Moran Realtor & Notary answered:
There are a ton. The rent in Springfield is high and the house price is low. I grew up there.
0 votes 4 answers Share Flag
Thu Jul 4, 2013
Michael Cheng answered:
I don't understand your question. If you're doing a short sale, you have to work with your lender. You don't have a choice of lenders.
0 votes 15 answers Share Flag
Mon Nov 19, 2012
Kathleen Lordbock answered:
There are many homeowners who call my team too late in the foreclosure process to be helped. So for them, I would say "yes" had they known or understood Short Sales better they would have given it a try. ... more
0 votes 10 answers Share Flag
Mon Dec 3, 2012
Christine Moran Realtor & Notary answered:
libery school is the school for liberty heights but it depends. You will have to check with the school department by address.
0 votes 1 answer Share Flag
Wed Dec 12, 2012
Amy Mullen answered:
Good afternoon!

I worked with Jason Burkins on a listing I had in Springfield since it's not my usual coverage area. He worked with the buyers who came through the house and was fantastic!

Jason Burkins
Realtor®, NAR GREEN Designation
Your Western Massachusetts Real Estate Advocate
RE/MAX PRESTIGE - ABOVE THE CROWD!
413.537.2838 www.jasonburkins.com
jason@burkins.net

Good luck!

Amy
... more
0 votes 12 answers Share Flag
Sun Sep 1, 2013
Richard Shapiro answered:
If you show enough income it's not an issue. Depending on the program you might need only 2011 taxes or 10 and 11 get averaged.
If you switch jobs and are paid as employee. You can qualify once you have a patsyub. ... more
0 votes 5 answers Share Flag
Wed Jul 31, 2013
Lynne Hagopian answered:
Natasha..you really need to consult with a mortgage person to find out what programs they have to offer. I am sure one will respond to your question shortly. To my knowledge, you need to see if you qualify for an FHA loan where the down payment is possibly 3 1/2 percent. I think that is the minimum down but a mortgage provider would know better. I believe you will also need to have 12 months of rent receipts if you are renting and proof of where the down payment money came from if not in your bank account. You may contact me directly at LHagopian@hammondre.com if you need some names. ... more
0 votes 5 answers Share Flag
Mon Mar 5, 2012
Heidi Zizza answered:
Is it a busy road? What makes it not family friendly? If you love a house go for it!
0 votes 6 answers Share Flag
Thu Jul 4, 2013
Scott A. Nelson answered:
You should all sit down with a mortgage professional to find and see what programs would be available to you all. Figure out downpayments and credit requirements and what might work for an affordable price for you all. There are some great mortgage folks here on Trulia, but you should also ask friends, family or colleagues for a person theyve worked with recently and been happy with. Referrals are the ultimate thank you for any professional. ... more
0 votes 4 answers Share Flag
Sat Apr 8, 2017
Richard Shapiro answered:
I would work on pimproving your score to get up to the 640 mark that most lenders and banks use as the cut off.

There are ways for a Loan Officer to pull your credit and see if there is fixable things that could bring your score up fast. ... more
0 votes 14 answers Share Flag
Tue Oct 25, 2011
Isom Coleman answered:
From the information you have given, I believe you are entitled to your deposit back and can start looking for another home. I would ask your Realtor to review the contract and forms you signed, to insure you you can get it back. ... more
0 votes 11 answers Share Flag
Mon Sep 19, 2011
Nitza asked:
0 votes 0 Answers Share Flag
Tue Dec 11, 2012
Marie Souza Team answered:
Smart? Depends... Are you thinking long term investment? Primary residence? Rental? The best way to find out is a property is a "good deal" is to know what the comparables are (Active, Pending & Sold properties). Ask an Agent to prepare a CMA (comparative market analysis) on your behalf. Also - Get a Buyer's Agent. They will look out for your best interests in a property purchase.
The Marie Souza Team - Top Selling on Cape Cod
Cape Cod Real Estate Services
Phone: 508-790-2000
info@mariesouzateam.com
... more
0 votes 3 answers Share Flag
Sun Jul 14, 2013
Anna M Brocco answered:
There are others factors in addition to credit that determine qualification, therefore do visit with any qualified loan officer(s), after reviewing your information a determination on qualification can be made; if you don't yet qualify, he/she may offer great suggestions as to what needs to be done in order to qualify in the near future. ... more
0 votes 7 answers Share Flag
Thu Apr 14, 2011
Tim Moore answered:
A co-signer can help but you will need to speak to a lender to get them to decide if it will work or not.
0 votes 8 answers Share Flag
Sun Apr 10, 2011
Anna M Brocco answered:
Begin by visiting with any quialified loan officer(s), after reviewing your overall financials and credit he/she can make a determination on qualification, the type of loan, how much, etc., then go from there. ... more
0 votes 19 answers Share Flag
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