Trulia Community - Advice from neighbors and local experts

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

How To... in 11230 : Real Estate Advice

  • All42
  • Local Info3
  • Home Buying12
  • Home Selling4
  • Market Conditions0

Activity 12
Mon Mar 13, 2017
Mitchell Feldman answered:
Dear Kira:

You need to speak to an architect to see if it is possible for you to do such a thing. There are laws, safety codes and zoning restrictions you have to be concerned about. You can find an architect and get together to go over it. You will need the address of the property and the survey from when you purchased your home.

Whatever you do, make sure you do it in a legal fashion. This means you have to submit the plans to the city, get them approved and once the work is done you need to have the city come and re-inspect to make sure everything was done properly and up to code. After that you will be given a new certificate of occupancy attesting to the legality of your alterations.

If you do not do it the right way you can be subject to violations, fines and it will also interfere and create problems when you go to sell the house anytime in the future. So call an architect and do it the right way. If I can be of further assistance, please let me know. Good luck!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
... more
0 votes 4 answers Share Flag
Tue Nov 27, 2012
Mitchell Feldman answered:
My thoughts:

1) In order for the money to be used in the purchase of a property, it has to be a gift and the purchaser must get a gift letter from the gift giver so the bank can confirm it is actually a gift. It cannot be a loan.

2) The funds have to have been seasoned... this means there must be a paper trial as to where the money came from. As an example, if it were in a bank account, you would have to show proof that the money was in the account for 60 to 90 days. In other words, the money cannot come from under someone's mattress! ;)

If I come up with more thoughts I will let you know!

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
Email: MitchellSFeldman@aol.com
... more
0 votes 1 answer Share Flag
Tue Dec 6, 2011
Abu Musa answered:
Wed Oct 19, 2011
Coldwell Banker Shayovitz Realty answered:
0 votes 6 answers Share Flag
Wed Sep 22, 2010
Ian A. Wolf answered:
Create a monthly office newsletter. Include sales tips, office news, office success stories, etc. Mail it monthly to agents you are trying to recruit. You will stand out and it will be a non recruiting way to attract agents to your office. In addition, it will work the same way just listed and just sold cards work for farming. When agents are looking to move they'll call you. Also, when you see them and call them you will not be a stranger. In a market like this, it is important for other agents to see you as the place where the action is. Good Luck! ... more
0 votes 1 answer Share Flag
Wed Jan 5, 2011
Christopher Lefebvre answered:
If you are looking for homes listed on the MLS, then they should be on Realtor.com. The best way to search for homes listed on the MLS is to search on an agent's MLS account. Most agents will gladly set up a search for you with the hope that you will consider using him or her as your buyer's agent. Buyer's agents are usually always compensated in the form of a commission split paid by the the listing agent, so why not use a buyer's agent?

If you want to search for homes that are not on the MLS, you can search on craigslist and other classified or real estate websites such as fsbo.com or forsalebyowner.com, etc.
... more
0 votes 9 answers Share Flag
Fri Jul 23, 2010
Madeline Padovano answered:
Hi Niesi
What do you mean How can I port?
You are breaking your lease - some owners will sue you and some will let you go.
Ask if they will cancel the balance of your lease and let you off the hook, get in in writing.
Otherwise you are stuck.

Can you sublease?
Going to be a hard sale for 3 months only but its worth a shot, and then again if they ruin anything you
are on the hook.

madelinepadovano@fillmore.com
... more
0 votes 3 answers Share Flag
Sun Jun 28, 2009
Gail Gladstone answered:
Very interesting idea. How to market the idea? Call NY Times and Newsday and The Post and the Daily News and ask to speak to a feature writer from the real estate section.

They may want to follow this very interesting offer and their interest and writing about it may bring about someone who would have an interest in it. Also contact the New Yorker Magazine.

If you would like a terrific Marketing Realtor to try and move this forward, it sounds like something I might be interested in.
... more
0 votes 2 answers Share Flag
Thu Dec 11, 2008
Gail Gladstone answered:
You need to speak to an attorney for most of your answers. Logic would dictate that if you were not married, you are not responsible for your partner's debt unless you were also on the credit cards.

If the house was left to you, I assume it is transferring to your name. If you allow it to forclose, it will hurt your credit and you will not be able to purchase another home.

You certainly can try to have the loan mitigated, but keep your expectations low as to what loan mitigation means and how the lender defines mitigation.

Do not pay anyone to mitigate it for you; that is not necessary. You will have to provide a hardship letter to the lender, along with your financial information. Explain the situation and see what they can offer to you.

Please discuss everything with an attorney.
... more
0 votes 2 answers Share Flag
Thu Sep 25, 2008
Joanna Lane answered:
Well done on the credit score, but that alone is not going to do it. Banks want to see you take some of the risk, as much as possible actually, then there is less risk for them. Your situation represents an unacceptable risk for them, because in if house values continue to decline in the short term, the bank's investment in the house is not going to be protected, so there's no way they are going to agree to it. This is why it has all gone wrong - people ended up owing more on the house than it is worth. Hope this helps.

What you might want to do is look for somewhere that is available for rent with an option to buy. This would then give you the enjoyment of the place you want to buy, plus time to save the money. You would not be committed to buy, but you would have the right to do so at a price agreed now, and at any time over the next X months/ years, whatever is agreed between you and seller. The seller may even be willing to help you finance the purchase, but finding a seller willing to do that on the one property you want to buy, may be tough.

The time to try and buy without money is when house prices are appreciating rapidly, not the reverse. You need cash in this market, otherwise my advice is don't even attempt it - stay away until you do.
... more
0 votes 1 answer Share Flag
Fri Aug 22, 2008
Aileen-Manhattan-NYC answered:
dblue1313,

Contact the Kings County Bar Association. It should have an attorney referral line or an office. Also ask about low income assistance or referrals for local attornies who are willing to discount their fees or provide some pro bono service. ... more
0 votes 3 answers Share Flag
Tue Jul 29, 2008
Jeff and Ginny Mitchell answered:
Be very cautious about any offers you might receive because unfortunately there are so many people willing to cheat you and take your money without any valid credentials to help you earn a high school degree from a United States high school without attending any classes in person.

Why not go back to school in your country and graduate. Then perhaps you can apply for college in the United States or other countries if that is your wish.

There are some college classes that you can take by computer online, but I do not know if you would be admitted without graduation from high school. Once again be careful to carefully research the credentials of any online education offer. Check with your embassy and the United States embassy in Jordan for assistance in selecting a valid educational institution. Good luck to you.
... more
0 votes 1 answer Share Flag
Search Advice
Search

Followers

573