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15233 : Real Estate Advice

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Activity 584
Sat Mar 23, 2013
Brian Teyssier answered:
http://www.pittsburghpa.gov/police/crimestatistics.htm
0 votes 5 answers Share Flag
Tue Mar 26, 2013
Jessica Tracy answered:
I would speak with your attorney. We normally write up that the credit is determined by what the lender will permit because not all banks allow the full 6%. I always tell clients that the number can change depending on the bank. Good luck. ... more
0 votes 14 answers Share Flag
Fri Feb 22, 2013
Nancy Theys answered:
Hi Kimberly,
I spoke with the agent. He said "yes" pets are allowed. Condo fee is $420/mo for this condo association.
0 votes 1 answer Share Flag
Fri Feb 22, 2013
Suzanne MacDowell answered:
Sounds like short sale is probably the best option. I am both a realtor and a landlord. I can tell you going a landlord from any distance is not going to be easy. As you say, the property needs to be maintained and, if the tenants fall behind in their payments, collecting will also be difficult.

A short sale will damage your friend's credit but 'destroy' may be too big a word. If she is current on the payments and continues to keep current until the home is sold the damage to her credit will be var less. Your credit score is damaged more so when you miss payments than when you short sell. She will lose the money she put into the home, yes, but she will be eligible to buy again in just two short years.

So, unless the rent would cover the mortgage payments and expenses, and unless she can find someone to help with maintenance and collection of rent, I would still think short selling would be a better option under the circumstances.
... more
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Sun Feb 24, 2013
Lynn Bryan answered:
The listings you're seeing on different websites are from tne West Penn Multi List where realtors from all brokerages market their properties. The agent forwarded you what was currently available from the Multi list - that is the most current and up-to-date resource of inventory. A little patience, flexibility and the assistance of one realtor and you'll find your dream home soon! ... more
0 votes 11 answers Share Flag
Mon Feb 18, 2013
Staci Rullo answered:
I can't speak to the minority issue but for a first time buyer through the state of Pennsylvania there are programs available that MIGHT assist you with closing costs dependinng upon your household income. PHFA loans. Good luck. ... more
0 votes 1 answer Share Flag
Sun Mar 3, 2013
Denise Bruno answered:
Hi Mike,
You will need to sit down with a lender and discuss how much you will need for a down payment. It depends on what type of loan and interest rate depends on how high your credit rating is. I hope this helps you! Good luck! ... more
0 votes 7 answers Share Flag
Wed Feb 13, 2013
Blair W. Cohen answered:
I suggest you contact a good real estate attorney to discuss your situation.
0 votes 2 answers Share Flag
Sun Mar 3, 2013
Blair W. Cohen answered:
Wells-Fargo may be able to help.
0 votes 7 answers Share Flag
Mon Feb 11, 2013
Jonathan Sebastian answered:
I have experience with property management in a community setting. We used to offer furnished and unfurnished corporate leases. Are you set on just targeting a company looking to rent your home? This will prove harder to do but not impossible. Send me and email or give me a call at your convenience and we can talk about some options. ... more
0 votes 2 answers Share Flag
Tue Jan 29, 2013
allan erps,ABR,SFR answered:
This is not a meet & greet site so do not have any advice for you pertinent to real estate
0 votes 1 answer Share Flag
Wed Feb 6, 2013
Brian Teyssier answered:
Thanks for posting your question on Trulia.com!

We would need waaaay more info than you are providing to give you the best advice. What needs updated?
0 votes 7 answers Share Flag
Sun Jan 20, 2013
Lori Jeltema answered:
Too high,
I am in the process of doing the same type of refinance on my VA loan. The only way you will know if it's worth it is to get a cost estimate sheet and compare the estimated costs to the savings. I like to keep track of rates, especially VA and shoot off an email to past clients when I think the time may be right for them to check into a refinance. You are doing the right thing checking into this streamline package. Feel free to email me directly if you have any questions. I"m not a lender, but know some great ones who may be able to help you out. I don't understand why someone would try to get you out of a VA loan unless you need to free it up for another purchase. Someone else may have another opinion.. ... more
0 votes 1 answer Share Flag
Fri Feb 15, 2013
Blair W. Cohen answered:
If you limit yourself to foreclosures you may find that the properties may not meet your needs. Foreclosure properties are not always good deals. Instead look for properties that meet your needs and if there happen to be foreclosures that meet your requirements and are good deals, great. Often time properties that are not foreclosure are very good buys and they may be much easier to deal with. Don't limit yourself. Keep all reasonable options open. ... more
0 votes 4 answers Share Flag
Thu Jan 17, 2013
Brian Teyssier answered:
Thanks for posting your question on Trulia.com!

The answer you seek will depend on the area of Pittsburgh you choose to start your rental portfolio.

My office has a property management division that can answer them and help you start your portfolio prior to any purchase.

Same goes with the FHA203k question, I have a lender or two that I can refer you to for the correct answer since that is their specialty and things change in the lending world.

Feel free to reach out to me if you need further assistance.
... more
0 votes 3 answers Share Flag
Tue Jul 26, 2016
Blair W. Cohen answered:
I believe that West Penn Financial does the FHA2 203k. Yes you should get a good real estate agent. The agent may also be able to assist you with remdeling companies. Also ask people you know for recomendations and consider Angie's List. ... more
0 votes 10 answers Share Flag
Wed Jan 16, 2013
rockthecasbah121 answered:
opened in 2006 for $160,000. Then, using this website, https://dcr.alleghenycounty.us/ , you go to civil/family division then user logon then to search or to pay for filings. You can get on using the username "Public" and the password "public". You are then able to check out every lien against a person when searching by name.

My question is how close is this process to complete? Let's say I had done all of this for a listing and there was no outstanding mortgage and there were recorded tax and utility liens but no IRS liens. If I went and bid on the property for the amount of the outstanding liens, would I be in for any surprises?

Also, I had heard that a lot of times the amount listed on the sheriff sale is not the amount the bidding starts at. For the example I used, would the bidding start at the $5,872 + whatever was left on the mortgage + any other outstanding liens?

I know in this example, the bank will probably come purchase this property, but what if there was no mortgage, just other liens, but no one bid?
... more
0 votes 3 answers Share Flag
Sun Jan 20, 2013
Tim Moore answered:
Do this in the order listed:


Step #1 Go see a loan officer and a mortgage broker. Don't do it online - go see them. Sign nothing and pay nothing. Just ask questions. The rest will fall into place based on their answers.



tim
... more
0 votes 8 answers Share Flag
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