Trulia Community - Advice from neighbors and local experts

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

30058 : Real Estate Advice

  • All46
  • Local Info7
  • Home Buying21
  • Home Selling1
  • Market Conditions0

Activity 111
Thu May 9, 2013
Rodney Mason answered:
If your credit is poor, then your very first step should be to begin work on it. You would need to contact each of your creditors directly to see what your options are. Paying off derogatory debt will help improve your credit score in the long run, but not immediately.

With collection accounts, most of the damage is done when they are initially placed on your credit report. Some collection companies are now reporting you are late each month the debt goes unpaid. This continues to drag on many people’s credit scores each month until the debt is paid in full. Until you do that, your credit score has little chance of improving.

In exchange for paying the collection account in full, you can try to negotiate to have them completely remove the derogatory item once the payment is received. Some collection agencies will do this, while others will not. You will just have to ask each one and see. If they will not remove it, just having it paid and closed will help in the long run.

All liens and judgments will also need to be paid in full. These impact the title position of a mortgage so they must be satisfied.

To build positive credit, you typically need to have 2-3 trade lines reporting for 12-24 months. There should be no late payments or other derogatory items reported in the last 12-24 months. On your Revolving credit accounts, your outstanding balance on your monthly statement should not exceed 30% of the credit limit.
... more
0 votes 2 answers Share Flag
Thu Oct 24, 2013
Ron Thomas answered:
Lease/Option
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!

The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.

There is no FORM printed by anyone; there are just too many variables.
The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?

This is the Ultimate Caveat Emptor!

Good luck and May God bless
... more
0 votes 4 answers Share Flag
Wed Apr 10, 2013
Donna Harris answered:
You can call Donna Harris, broker at Today's Realty LLC at 770-939-7575 to find a lease purchase and give you information on how to construct your purchase.
0 votes 1 answer Share Flag
Mon Apr 1, 2013
Michael Hammond answered:
Not sure, Homebuyer11, how competitive we can be in any given market situation where there are plenty of agents and not plenty of homes listed that meet your specific criteria. If you need to discuss further, please contact me at your convenience. Good Luck!

Michael Hammond
SellsRealty@gmail.com
404-538-5499

http://www.georgiamls.com/agentsite/index.cfm?SiteID=HAMMONDJOHNM

http://www.chapmanhallprofessionals.com

http://www.SellsRealty.org

http://www.city-data.com/

http://www.greatschools.org/
... more
0 votes 9 answers Share Flag
Thu Mar 21, 2013
Michael Daniels answered:
Yes you can. You can do a cash out refinance with a 600 credit score. Please give me a call at 404 503 7148 to discuss your options.
0 votes 3 answers Share Flag
Tue Mar 19, 2013
Michael Hammond answered:
Consider using the link below in web reference or calling the police department to best determine what you are specifically attempting to answer, Andrea. Please call, text or email if we can provide further assistance. Good Luck!

Michael Hammond
SellsRealty@gmail.com
404-538-5499

http://www.georgiamls.com/agentsite/index.cfm?SiteID=HAMMONDJOHNM

http://www.chapmanhallprofessionals.com

http://www.SellsRealty.org

http://www.city-data.com/

http://www.greatschools.org/
... more
0 votes 5 answers Share Flag
Mon Mar 11, 2013
Michael Hammond answered:
Please define "options" for us, highmark. In terms of property taxes, you can appeal after 1/1 of the year following your purchase if you think they are out of line. Please call, text or email if we can provide further assistance. Good Luck!

Michael Hammond
SellsRealty@gmail.com
404-538-5499

http://www.georgiamls.com/agentsite/index.cfm?SiteID=HAMMONDJOHNM

http://www.chapmanhallprofessionals.com

http://www.SellsRealty.org

http://www.city-data.com/

http://www.greatschools.org/
... more
0 votes 4 answers Share Flag
Mon Mar 11, 2013
Isabel Elsesser answered:
Yes taxes are higher in those areas.
What size house are you interested in ?
Not sure if getting an up to date evaluation amount.

Free buyers agent!

Isabel Elsesser, Realtor
First United Realty
Save Time & Money!
www.isabelsnewhomes.com
www.Buford.georgiamls.com
Direct 770-307-8751
Fax 888-799-3184
Full Time from 1993-2013
... more
0 votes 2 answers Share Flag
Mon Feb 25, 2013
Loys White answered:
The best way to approach this, is to have you call me and we can look at the listing. There are resources, i.e. MARTA transit, bus, et. al that you can call to make that determination. However, it would be best if we spoke to determine your need and provide options that will accomodate you and your mother.

My # is 404-427-4579.

Looking forward to discussing this with you!

Better Homes and Garden Real Estate
(404)-427-4579
(404) 843-2500
... more
0 votes 1 answer Share Flag
Fri Feb 15, 2013
Rodney Mason answered:
Real Estate Agents are not allowed to comment on a variety of topics. The Fair Housing Act restricts the information that can be provided by a Real Estate Agent.

Off Limit Topics Include:
• Crime Statistic (including questions about whether a neighborhood is good or bad or safe)
• Demographics
• Environmental Concerns
• Household Income
• Religion
• Schools (including questions about how good or bad the school is)

Determining to the answers to questions on any of the topics listed above is something that you would need to do on your own. It is up to the individual to make their own determination about a specific area. If a Real Estate Agent were to comment on such a thing, it could be steering which is a prohibited act.

Some websites to try include:
www.crimereports.com

www.familywatchdog.us/

www.neighborhoodscout.com

www.greatschools.org/

www.schoolmatters.com

Reasons Why A Real Estate Agent Cannot Comment
http://realestate.msn.com/article.aspx?cp-documentid=20748062
http://www.fairhousing.com/index.cfm?method=page.display&pageid=3657
http://realestate.aol.com/blog/2010/12/06/what-a-real-estate-agent-cant-tell-you

These links should be able to provide some of the answers you are seeking.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
... more
0 votes 0 Answers Share Flag
Wed Feb 6, 2013
Fred Yancy answered:
What You Can Do to Improve Your Credit Score

Credit scores, along with your overall income and debt, are big factors in determining whether you’ll qualify for a loan and what your loan terms will be. So, keep your credit score high by doing the following:

Check for and correct any errors in your credit report. Mistakes happen, and you could be paying for someone else’s poor financial management.

Pay down credit card bills. If possible, pay off the entire balance every month. Transferring credit card debt from one card to another could lower your score.

Don’t charge your credit cards to the maximum limit.

Wait 12 months after credit difficulties to apply for a mortgage. You’re penalized less for problems after a year.

Don’t order items for your new home on credit — such as appliances and furniture — until after the loan is approved. The amounts will add to your debt.

Don’t open new credit card accounts before applying for a mortgage. Too much available credit can lower your score.

Shop for mortgage rates all at once. Too many credit applications can lower your score, but multiple inquiries from the same type of lender are counted as one inquiry if submitted over a short period of time.

Avoid finance companies. Even if you pay the loan on time, the interest is high and it will probably be considered a sign of poor credit management.

Fred Yancy, Broker
Crye-Leike Realtors
(678) 799-4663
... more
0 votes 6 answers Share Flag
Mon Jan 23, 2017
Fred Yancy answered:
What You Can Do to Improve Your Credit Score

Credit scores, along with your overall income and debt, are big factors in determining whether you’ll qualify for a loan and what your loan terms will be. So, keep your credit score high by doing the following:

Check for and correct any errors in your credit report. Mistakes happen, and you could be paying for someone else’s poor financial management.

Pay down credit card bills. If possible, pay off the entire balance every month. Transferring credit card debt from one card to another could lower your score.

Don’t charge your credit cards to the maximum limit.

Wait 12 months after credit difficulties to apply for a mortgage. You’re penalized less for problems after a year.

Don’t order items for your new home on credit — such as appliances and furniture — until after the loan is approved. The amounts will add to your debt.

Don’t open new credit card accounts before applying for a mortgage. Too much available credit can lower your score.

Shop for mortgage rates all at once. Too many credit applications can lower your score, but multiple inquiries from the same type of lender are counted as one inquiry if submitted over a short period of time.

Avoid finance companies. Even if you pay the loan on time, the interest is high and it will probably be considered a sign of poor credit management.


Fred Yancy, Broker
Crye-Leike Realtors
(678) 799-4663
http://fredyancy.crye-leike.com
... more
0 votes 15 answers Share Flag
Mon Jan 28, 2013
Rodney Mason answered:
You best resource for answers to MARTA questions is going to be the www.itsmarta.com website.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
... more
0 votes 2 answers Share Flag
Sun Jan 13, 2013
Rodney Mason answered:
Real estate agents are not allowed to comment on a variety of topics. The Fair Housing Act restricts the information that can be provided by a real estate agent.

Off Limit Topics Include:
• Crime Statistic (including questions about whether a neighborhood is good or bad or safe)
• Demographics
• Environmental Concerns
• Household Income
• Religion
• Schools (including questions about how good or bad the school is)

Determining to the answers to questions on any of the topics listed above is something that you would need to do on your own. It is up to the individual to make their own determination about a specific area. If a real estate agent were to comment on such a thing, it could be steering which is a prohibited act.

Some websites to try include:
www.crimereports.com

www.familywatchdog.us/

www.neighborhoodscout.com

www.greatschools.org/

www.schoolmatters.com

Reasons Why A Real Estate Agent Cannot Comment
http://realestate.msn.com/article.aspx?cp-documentid=20748062
http://www.fairhousing.com/index.cfm?method=page.display&pageid=3657
http://realestate.aol.com/blog/2010/12/06/what-a-real-estate-agent-cant-tell-you

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
... more
0 votes 1 answer Share Flag
Sun Jan 13, 2013
Travis Williams answered:
You have to contact the local police department to find that info out.
0 votes 2 answers Share Flag
Sat Jan 12, 2013
Michael Hammond answered:
Yes, bj, it's still for sale and has been since July 20, 2011. Please call, text or email if we can provide further assistance. Good Luck!

Michael Hammond
SellsRealty@gmail.com
404-538-5499

http://www.georgiamls.com/agentsite/index.cfm?SiteID=HAMMONDJOHNM

http://www.chapmanhallprofessionals.com

http://www.SellsRealty.org

http://www.city-data.com/

http://www.greatschools.org/
... more
0 votes 2 answers Share Flag
Thu Mar 7, 2013
Lee Hutchinson answered:
I will be happy to help you with your home search. I looked on FMLS i didn't find this home. You can reach me at 678-334-1240 or email me mrhutchinson@yahoo.com
0 votes 2 answers Share Flag
Mon Jan 28, 2013
Michael Hammond answered:
First of all, Chapell, thanks for your service; it's not said often enough. Second, when planning to Lease a home, it's best to start looking in person a full month prior to when you would like to contract and maybe 6 to 8 weeks on line before actually moving in. You might have to pay for a partial month to do so, but it gives you the first, best shot at the most desirable properties out there. Please call, text or email if we can provide further assistance. Good Luck!

Michael Hammond
SellsRealty@gmail.com
404-538-5499

http://www.georgiamls.com/agentsite/index.cfm?SiteID=HAMMONDJOHNM

http://www.chapmanhallprofessionals.com

http://www.SellsRealty.org

http://www.city-data.com/

http://www.greatschools.org/
... more
0 votes 4 answers Share Flag
Sat Jan 5, 2013
Alain Picard answered:
All you need is a local real estate agent and you don't need to be in the country or state to sell. Your agent will handle everything for you. If you don't get any answers tonight from any local agents I would post this same question tomorrow between 9 and 5 and I'm sure that you'll get some agents offering to list your home for you. Good Luck ... more
0 votes 9 answers Share Flag
Sun Dec 2, 2012
Fred Yancy answered:
Yes - much too early. Start looking mid-February. Let me know if you need any assistance in your new home search when you start looking in February.

Fred Yancy, Broker
Crye-Leike Realtors
(678) 799-4663
... more
0 votes 2 answers Share Flag
1 2 3 4 5
Search Advice
Search

Followers

138