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20853 : Real Estate Advice

  • All9
  • Local Info1
  • Home Buying5
  • Home Selling2
  • Market Conditions0

Activity 112
Wed Mar 8, 2017
Anna M Brocco answered:
Not knowing your overall finances, and just how spotty is your credit--for an accurate answer, visit with any qualified loan officer(s), see if you do qualify, how much, and have your credit score checked as their scoring is often different--your loan officer can best advise after reviewing your information--if your credit needs improvement, he/she can suggest great ways to improve it in the fastest time--then go from there. ... more
0 votes 12 answers Share Flag
Wed Sep 29, 2010
Alex Saenger answered:
I'll pass this on to the agents at WC&AN Miller. I can email to the entire company great opportunities like this.
0 votes 0 Answers Share Flag
Sat Oct 23, 2010
Pacita Dimacali answered:

Take a look at Short Sale Superstars' map where you can find agents actively engaged in short sales

Also try the Certified Distressed Property Expert site to find the agent nearest you

Good luck!
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0 votes 5 answers Share Flag
Thu Jul 15, 2010
Piero Marinucci answered:
It's possible to sell the property for lot value, but in your case, that doesn't make the price any better or worse. The only thing that would increase the value would be a marketable house, no house on a ready-to-build lot, or if the lot(s) were subdivided.

This is not a simple situation, and you need to make sure you get thorough advice. If you have an interest in having someone inspect/investigate further as to what your best options are, please contact me.
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0 votes 4 answers Share Flag
Tue Oct 11, 2016
Bob Myers answered:
Certainly, but that is a huge list. Can you narrow it down by neighborhood or price range? Just send me your e-mail at and I can get it to you. I have 2010 and 2009 sales on my website for many neighborhoods in zip 20853, check it out at and ... more
0 votes 9 answers Share Flag
Wed Mar 29, 2017
Tina Beasley answered:
I don't think you can get that information on Trulia. I am very curious on why you want that information? I sell in several counties, not a specific area, so I may have sold more real estate that another agent that had more "local" transactions. I am interested in finding out how you will be using this information...and I will see if I can help you with that by using the local MLS service.

Tina Beasley
Associate Broker
Real Estate Professionals, Inc.
443-243-1832 Cell
410-918-9740 Office
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0 votes 8 answers Share Flag
Sun Jan 31, 2010
Anna M Brocco answered:
Why not contact an attorney specializing in real estate--he/she will be your best source of advice--keep in mind most professionals do offer a free consultation.
0 votes 11 answers Share Flag
Fri Jan 29, 2010
Don Tepper answered:
No, it's not typical if you've made an offer. But it certainly can happen. Remember: A short sale is basically like any other sale, except it's subject to the lender';s approval. So the seller can set any terms or conditions he wants. It's odd, though: If the seller genuinely wants to sell, then he'd permit an inspection.

Question: Did your offer contain a home inspection contingency? If it did, and if the seller agrees to the contract, then he's got to allow you to do so. If it didn't contain a home inspection contingency (which would be very bad for you), the seller doesn't have to permit one.

Your Realtor may be able to figure out what's going on.

One thing that's confusing: You say you "made an offer" on the property, but the seller won't let you do a home inspection before signing the contract. So: Did you make an offer or not? Usually, the home inspection is conducted after the seller signs the contract. Otherwise, you could be spending $300-$400 on a home inspection, only to find out that the seller has rejected your offer. And then you'd have wasted that money.

So the typical order is: You make an offer. The offer is contingent on a satisfactory home inspection. The seller accepts your offer. Then you conduct a home inspection.

Again, check with your Realtor for additional details.

Hope that helps.
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0 votes 2 answers Share Flag
Sat Feb 16, 2013
Medi Pepper answered:
It is a great possibility that the ARM might be better. Please call my Finance person on 202-255-4451. He's the best person to answer your question.
0 votes 10 answers Share Flag
Fri Dec 9, 2011
Eric Howlett answered:
I'm not a structural engineer, but a vertical crack is normally not as severe as a horizontal one. It also appears that this is not a new home. If it were, it may still be under warranty. If it is less than 10 years old there may have been a 2 - 10 year warranty that came with the home when it was purchased new. Contact the former owners to see if they have the policy, If that's the case. It is transferrable. I live near you in Delaware and this has been one of the wettest years I can remember. All of the rainfall may have caused your walls to absorb more moisture and that could be part of your problem. If the problem worsens, contact a structural engineer to inspect the walls. Possibly re-pointing the joints is all that's necessary.
When you purchased the home, the seller should have had to answer on the Seller's Disclosure if they knew of any defects concerning the block walls. If they didn't disclose any and your inspector didn't note any in his report as a major defect, then you probably don't have any legal recourse.
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Thu Jan 14, 2010
Max Goodgion answered:
Short sales usually require the EMD check be written to the listing company and since the listing is still showing active, it probably hasn't been placed in escrow. Regardless, this is a minor blip and can easily be corrected. A house is not considered "under contract" until the owner has signed (ratified) it. Only ratified contracts should be sent to the bank (3rd party) for approval. The key is whether your contract has been sent to the bank. If it has, regardless of whether the bank has accepted it, it should no longer show as "active".

With that said, let me hasten to add that this is only how it's "supposed" to be, not necessarily how it is in many cases. Banks are known to make their own rules at their own whim and some realtors will bow to their desires, regardless of whether it violates the MLS rules.

Have your agent find out, from the listing agent, exactly where your bid is. Is it collecting dust at the owner's house while other contracts are piling up? Or is it at the bank and merely waiting for some action to be taken?
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0 votes 6 answers Share Flag
Thu Apr 20, 2017
Ron Trzcinski answered:
Here is how it works:

The landlord must, within 45 days after the end of tenancy, return to tenant the security deposit minus any amount which he may rightfully withhold. Simple interest of 3% per year must be paid on security deposits of $50 or more and must accrue at 6 month intervals from the day the security deposit was given. Interest is not compounded. If the landlord, without good reason, fails to return any part of the security deposit within 45 days after the end of the tenancy, he is liable to the tenant for up to three times the withheld amount of the security deposit plus reasonable attorney's fees. ... more
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Sun Nov 20, 2016
Dee Nofziger answered:
I am an agent and I can tell you that my buyers and sellers come from EVERYWHERE. I just had a text message this morning from someone asking me to help his daughter find a home - someone I've never met.

But back to your question. I would advise you to ask your friends and family for recommendations. If they have no names for you, then I would simply Google "Rockville MD realtor." Choose someone who has pages and pages of google entries, so that you know they are technologically savvy, since this is imperative nowadays. Once you find a few options, make sure to read their testimonials.

You could also check on Trulia. They do a good job, especially since they are rated something like third (I think) when it comes to where consumers go to look for homes and real estate related info.

Good luck. If you run into a problem, let me know, as I have connections all over the country.
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0 votes 12 answers Share Flag
Mon Jul 24, 2017
Kathi Higdon Kershaw answered:
If you are asking if there are any homes that were foreclosed by the bank and are now bank owned, the answer is "yes". For the most part they are priced very competitively and sometimes sell for more than the asking price. You must be prequalified (sometimes by the bank that owns the property is required), so it's good to start the loan process before you find the house you would like to buy -- what price range are you looking?

Kathi Kershaw
Long and Foster
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0 votes 2 answers Share Flag
Mon Aug 24, 2009
Craig Ballhagen answered:
If you do actual submissions with various lenders, they will all have to check your credit. This is not good for your credit scores. That is your first potiental problem. When escrow is opened, it is ususally with the lender you choose. A title company can't open escrow with mulipal mortgage companies and issues title reports. If your loan is FHA only one case number can be issued. If an appraisal is ordered you will have to pay for all of the appraisals that are ordered. About $500 each. Many lenders will require you to give them your credit card info before they will do anything. They want your money upfront so they don't process a loan that will never close.
What you need to do to save yourself much effort and time, is to get good faith estimates from all of the lenders that you are looking at. All GFE's have the fees in different catagories. The 800 series catagory is for lender fees. Lender fees can not, by law, be anywhere else on the GFE. All of the other catagories will be the same for all lenders, title, escrow, home owners insurance etc. Add up all of the fees in the 800 series of each GFE and see who is the lowest. Once you have done that and you narrow down your search to decide who you will be working with, hang on to that GFE and take it to the closing and make sure none of the fees have changed with the lender you have selected. THe GFE is one of your best weapons against bait and switch. Beware of lenders stating that they have the lowest rates.
In addition to rates and fees, it would be an good idea to work with a lender who is local and you can visit face to face. An online lender doesn't care if you are "happy" or not. They want your money and the loan closed so they can move on to their next deal. A local lender has their local reputation to protect. Good luck
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0 votes 2 answers Share Flag
Mon Aug 17, 2009
Sandra Williams answered:
I can't forsee the new development having a negative impact on North Bethesda. The new condos with the addition of an upscale grocery store and the expansion of the Montrose Parkway, it's a winning combination. If you live in the area, it may increase your homes value. If you don't --- get moving! ... more
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Tue Jul 14, 2009
Marney Kirk answered:
Hi Fahmida!
Trulia agrees with the fact that their data was in the it is:
It was their data that she used for the article.
I hope that helps!
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0 votes 4 answers Share Flag
Sun Apr 9, 2017
Sharon Koziel answered:
Until you have an offer accepted and signed by the sellers the home is still on the market and anyone can submit or resubmit an offer to purchase. I agree that the agent should of made the information about the first offer clearer for you. Buying a home is very emotional and sometimes buyers walk away from a deal only to reappear when they have had time to think the transaction through.

The next time you write an offer put a short period of time for the offer to be accepted or rejected. This makes the seller in the position to make a decision fast and prevents other buyers from upstaging you.
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0 votes 4 answers Share Flag
Sun Jun 26, 2011
Kelly Vezzi, GRI answered:
Please consult your Buyers agent if you are working with one. What you need is a Release Agreement. It is very important to follow the appropriate chain of events to ensure you are able to get your earnest money deposit back.
You need to know the terms of your financing contingency and make sure to produce the a statement from the lender showing your inability to get the loan before the expiration of the contingency, and then all parties must agree to the disbursement of the funds as well. Best of luck!
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0 votes 4 answers Share Flag
Thu Mar 31, 2011
Fernando Herboso answered:
Fear of losing a job is not a valid reason to back out from a contract. From the seller's perceptive, you should have know this before you wrote an offer.
If I was in the local board and your case comes on front of me, I would rule for the seller all the time.
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