Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in 06511 : Real Estate Advice

  • All13
  • Local Info1
  • Home Buying7
  • Home Selling0
  • Market Conditions0

Activity 47
Wed Mar 7, 2012
Abu Musa answered:
PMI needs to be paid by borrower if down payment is less than 20%. You may read my blog about PMI.
0 votes 7 answers Share Flag
Thu Dec 6, 2012
Brenda Feria answered:
If the home has been maintained properly, indefinitely. Especially if it is brick.
0 votes 11 answers Share Flag
Mon Jan 9, 2012
Anna M Brocco answered:
Consider working with an agent of your own who can keep you updated with the property status.
0 votes 2 answers Share Flag
Wed May 25, 2011
Gerri Sutfin answered:
Which home were you referring to? Do you have an address, or a price. Then hopefully I can help to answer your question. Thanks, Gerri
0 votes 1 answer Share Flag
Fri Apr 8, 2011
Laura Feghali answered:
Hello Sillygirl,
I suggest that you check your purchase contract regarding your $1K deposit as usually this goes towards your cash down payment for the property and helps to determine what amount you will be financing (if it's not a cash purchase). You will receive a credit at closing for the $6K from the seller to assist with your closing costs.
Good luck to you!

Laura Feghali
Prudential Connecticut Realty
... more
0 votes 5 answers Share Flag
Sun Oct 24, 2010
Christine McDaniel answered:
You need to talk to your lender. They can let you know what the various options are.
0 votes 2 answers Share Flag
Sat May 29, 2010
Anna_718 asked:
0 votes 0 Answers Share Flag
Sat Apr 24, 2010
Cathy Bureau answered:
Oh, so sorry to hear about that. Each state is different but most states have a "redemption period" where the homeowner can repay their debt and get their house back. Just remember, if it sounds too good to be true it probably is. May I suggest that you find a local attorney to confirm your state's rules and a local REALTOR who can help you find a REO or other distressed property that can't be taken back.

Cathy Bureau, MBA, REALTOR, Green, SFR
GREEN Home Realty
(210) 378-2489
... more
0 votes 4 answers Share Flag
Mon May 3, 2010
Dan Ross answered:
That depends on the contract. You should consult your attorney. The contract will have clauses that cover possible reasons to get out of it, as well as remedies if either party violates the terms of the contract. Depending on how much the buyer has already invested in the process, financially and emotionally, would determine how likely he/she is to sue. ... more
0 votes 4 answers Share Flag
Sun Oct 4, 2009
Elizabeth Herbert answered:
Have you asked your bankruptcy lawyer about this issue? They would be the one who would know the specifics of your situation and be able to best assist you.

Good Luck!
0 votes 1 answer Share Flag
Tue Sep 8, 2009
Hello Bryan,
I don't know off hand who manages them but it will be a simple phone call for me to find out for you. With that being said, if I am to work for you and on your behalf it would be my pleasure to do that but you and I would need a buyer agency agreement signed between you and I so that I am working for you and in your best interest.
Right now you are just a customer and if you were to be my client then I owe you a fiduciary responsibility with a whole wealth of responsibilities that I owe to you.
So I will leave the ball in your court. Please feel free to contact me 203-581-3317 as I live close by and I work for the Higgins Group. Looking forward to hearing from you soon sir.
Have a wonderful day!
... more
0 votes 1 answer Share Flag
Fri Aug 28, 2009
Dan Ross answered:
There are too many variables to give you an easy answer to this. The best thing you can do is to contact a good mortgage broker and have him/her tell you exactly what you can qualify for based on your credit and income info. There is no cost or obligation to do this, and it is the only way you will know the real answer. ... more
0 votes 3 answers Share Flag
Fri Jul 3, 2009
Katina Wright answered:
Sounds like you are working with some issues. With an 840 credit score why are you not going to a direct source ( a company that originates and service their own loans). When you say mortgage broker do you mean a broker or your loan officer. From the description of the fact that your profile is being brokered I answered my own question.

What is wrong with Chase, Bank of America, Wachovia, Wells Fargo? One of my past clients just executed a refi and got 4.5%. As I have not checked the rates lately ( I can't say whether or not 5.875% is appropriate for an 840 beacon, but you have reason to question the information you are receiving.

Did you know that EVERYTHING is negotiable???? Even in court you have the option of pleading Guilty, Not Guilty or NoLo...options.

Your biggest problem sounds like you have not opted to comparison shop...I know I know, you didn't want a whole bunch of credit inquiry hits on your credit. To that I say 1. The same type of inquiry (i.e. mortgage apps) within a certain time period counts as a single look (that used to be a true statement, I'm not sure about these days) and 2. Don't be so trusting and lazy.

The only reason you haven't gone anywhere else is because it's easy to stick with what you are doing and hope your guy 'does right by you'. SHOP AROUND...your life...your money!

Get a good faith estimate from someone else (at least one direct lender) and then you will be able to decide. You already know something doesn't smell right.

P.S.....sometimes people make money based on what they are able to sell you and you are willing to buy. You are buying a loan.

Good Luck,
... more
0 votes 1 answer Share Flag
Sat May 2, 2009
Minna Reid answered:
Any money that has been vested - say an appraisal fee or what not. You may need more time to close too. A new lender will need a few weeks at least.
0 votes 4 answers Share Flag
Wed Apr 15, 2009 answered:
The only real Zero down programs are VA loans for veterans of the military. You may be able to get an FHA loan and have sellers contribute to your down payment, but that's a rare situation. ... more
0 votes 1 answer Share Flag
Fri Apr 3, 2009
Dan Ross answered:
Hi Karen,
The best way to go about this is to figure out the ARV (After Repair Value), deduct repair costs and holding costs, then make an offer based on that. If you would like assistance with the process, I would be happy to help.
I am an active member of 3 Real Estate Investing Associations in CT, and work with investors and rehabbers on a regular basis. Let me know how I can be of assistence.
... more
0 votes 3 answers Share Flag
Wed May 27, 2009
Bill Eckler answered:

The obvious answer is to be truthful.....

This is a standard banking question for loan applications so you will see it where ever you apply. Your concern about penalized is reasonable but if you withhold this information it could most certainly come back to haunt you when they determine you provided false information.

If your past ten year record is as you have described, this is what lenders should be paying attention to......

Good luck
... more
0 votes 7 answers Share Flag
Fri Apr 3, 2009
Donna Springer answered:
New Haven's property taxes are on a 5 year phase-in. You can find out more at: You can also go to the Finance Department and it will calculate your taxes based on your old assessment and your new assessment.
Of course, there are deductions given to veterns and for other special needs..\

If you have any other questions, feel free to contact me.
... more
0 votes 2 answers Share Flag
Thu Mar 5, 2009
Matt Warmack answered:
I use Zilpy with success in the Seattle, WA area. I find the data quite accurate for Seattle. Craigslist is also a good yardstick look from sitting behind a PC to know what rents are in an area.

Good luck!
... more
0 votes 3 answers Share Flag
Sat Feb 7, 2009
Dallas Texas answered:
Congrad's on wanting to purchase a home. In order submit any sales offer lender approval required 1st in order realtor work on your behalf, assist real estate agent composing your sales offer. Keep in mind if you are leasing a property allow 60 days prior to lease expiration search for a home and thru closing. ... more
0 votes 3 answers Share Flag
1 2 3
Search Advice