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Home Buying in 30097 : Real Estate Advice

  • All67
  • Local Info6
  • Home Buying37
  • Home Selling6
  • Market Conditions1

Activity 54
Tue Nov 20, 2012
Katherine Morrison answered:
That's not a question that someone else can answer for you. I would suggest you do some "foot research" and visit neighborhoods that interest you, and get a feel for the area to see if it's right for you.

Good luck!

Kathy
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0 votes 6 answers Share Flag
Tue Nov 13, 2012
Michael Hammond answered:
You can receive multiple electronic flyers of homes for sale directly from the MLS, Gerald, based on any criteria you desire. 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/
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0 votes 5 answers Share Flag
Mon Nov 5, 2012
Michael Hammond answered:
What does your Agent/Broker say, Rama? If you are negotiating with a representative, give them a chance to get some answers. 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 7 answers Share Flag
Mon Nov 5, 2012
answered:
You would have to pose this question to a loan officer that is licensed in Texas.
0 votes 4 answers Share Flag
Thu Nov 1, 2012
Debra (Debbie) Rose answered:
I have a feeling you don't truly understand what is involved in a lease with the option to own.

To be brief - the sale price is usually set NOW, not when you actually go to purchase the house - do you really want to lock in a price for the future?
You also have no idea what the rates will be in 2 years.

Another very important part is that you will have to give some NON-refundable upfront money.

If you don't have a lump sum to give, you will pay an amount of money OVER and ABOVE the normal rent. That overage is the amount that will be applied to the purchase.......or forfeited if you don't buy the house.

I think some people in your situation mistakenly think their entire rent will be applied to the purchase. This is not usually the case.

So.....
Here is the problem...........if you don't qualify now (which is what you stated ) then you better make darn sure you will be approved for the loan 2 yrs from now.......and that the house will appraise out.....or, you will lose that upfront deposit.
It's risky.

My advice?
Save up and get your credit and income where it all needs to be so you can move forward with a purchase when the time is right.

Best wishes.......
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0 votes 9 answers Share Flag
Mon Oct 8, 2012
answered:
A lot will depend on what you have done since the Bankruptcy was filed. FHA mortgages are the least restrictive for a previous bankruptcy. HUD requires that a minimum of 24 months must have elapsed from the DISCHARGE date of a Chapter 7 Bankruptcy before a borrower can be eligible for an FHA mortgage.

For a Chapter 13 Bankruptcy, then you must have made at least 12 on time payments. Additionally, you must also have permission to purchase from the Bankruptcy Court.

In the time since the Bankruptcy, there should be no new derogatory items such as late payments, collection accounts, liens, judgments, etc. Having late payments after a Bankruptcy is often viewed as a disregard for the importance of credit. It also reflects that you are still having financial struggles.

If a mortgage was included in the Bankruptcy, HUD requires that you must wait at least 36 months from the foreclosure date to be eligible for an FHA mortgage. Sometimes, the foreclosure happens well after the Discharge Date of the Bankruptcy. If the mortgage was not re-affirmed, there is not much that can be done until the property get foreclosed on.

Getting Pre-Qualified is the only way for you to find out your options. To get Pre-Qualified you purchase, you can submit your request online at www.rodneymason.com.

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

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
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Thu Nov 1, 2012
answered:
Tue Jul 31, 2012
Laquita Baez answered:
i have access to that information, but may i ask why you are requesting that info?
0 votes 1 answer Share Flag
Wed Aug 15, 2012
Laquita Baez answered:
Mon Jul 23, 2012
Tim Moore answered:
Likely you will not be able to buy and will need to rent until you improve the credit. Speak to a lender and be sure.
0 votes 1 answer Share Flag
Sun Jun 3, 2012
Vicky Chrisner answered:
So you can now convert Sec 8 vouchers to some kind of assistance for purchase? I know nothing of this but would love to know. Hopefully someone here can answer your question.... (because inquiring minds want to know). But, I suspect you really should be talking to your Sec 8 office.

And PSST... Jeremiah - Sec 8 is not a hand out it is a hand up - at least when managed properly. Sure there are opportunities for fraud and IMHO those situations should be dealt with much more swiftly and severely than they often are (varies by housing agency). HOWEVER, I bet you don't know that you can have a Sec 8 voucher that doesn't result in ANY payment on your behalf if your income increases... and that the max income level for a Sec 8 voucher recipient is 80% of the median income.
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0 votes 6 answers Share Flag
Tue Jul 31, 2012
Michael Hammond answered:
That is workable, Latisha, as there is a good supply of homes in 30096. If you would like for me to send you electronic flyers of these properties, please forward me your email address and I will get them over ASAP. If you'd like to see some today or tomorrow, please call, text or email and I will arrange the showings. How much is your budget? Good Luck!

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

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

http://www.chapmanhallprofessionals.com
... more
0 votes 6 answers Share Flag
Mon May 21, 2012
Michael Hammond answered:
Most FSBO Sellers are savvy enough, especially in this market, to have factored in a Commission for a Buyer who prefers having a professional on their side of the table at Closing, Amanda. If you want to navigate these waters alone, please do your homework in advance. Consider learning at what price point all homes in the area sold, finding a good Lender if this isn't a cash deal, and writing a contract that will protect you if certain things do or do not happen. Please call, text or email if we might help further. Good Luck!

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

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

http://www.chapmanhallprofessionals.com
... more
0 votes 4 answers Share Flag
Mon Feb 27, 2012
Adrian Provost answered:
Contact Provost Real Estate Group. We specialize in representing clients attending auctions!

Adrian Provost
1-888-901-8421 (direct)
404-910-9924 (mobile)
mail@AdrianProvost.com
0 votes 2 answers Share Flag
Sun Feb 12, 2012
Scott Godzyk answered:
Lisa it depends if there is a lien on your current house or are you worried aboout the house you are buying, I would think if his name is on it they can can lien in no matter when it happened before or after marriage. you may want to ask an attorney in your state as laws differ from state to state to make sure. ... more
0 votes 4 answers Share Flag
Sun Feb 12, 2012
Rick Musto answered:
Great questions...would suggest that you talk with an attorney on this one. Not sure why this would come up on a title search for new property here in GA? Also, if you are not named and it was premarriage, that seems good for you. You can certainly be the only one on a title in GA...assuming that you qualify for a loan on your own, which I would recommend that you discuss this with whomever is doing your loan.

Bottom line - get this resolved now with professional advise from attorney and mortgage institution that you are using. Have all of the documentation/letters, etc. that you have on the issue when you consult the pros.

Good luck!

Rick Musto
Buckhead Home Realty
770-480-7699
... more
0 votes 2 answers Share Flag
Mon Feb 13, 2012
Marie Souza Team answered:
Aber - BEFORE you so anything, consult a professional in your area. It seems as through you'll need a property survery & advice about town/state laws, setbacks etc.
0 votes 1 answer Share Flag
Sun Apr 22, 2012
Caroline Choi answered:
Check with your lender to see if they feel comfortable doing that. It may also depend on how you end up taking title with both names under it. I have seen a few instances where the lender has allowed it, but since it's transaction-specific, I would ask your lender if that's ok. Best of luck, Caroline ... more
0 votes 1 answer Share Flag
Wed Aug 15, 2012
Andrew Doyle answered:
Hello Prakash,

Yes to your point the Emory Hospital area has some nice rental returns on good quality product. If you email me the price point you seek I will see what I can find. I focus on Intown Atlanta, and Gwinnett properties and work with a number of investors to find nice returns. Feel free to contact me and let me know what you seek. I can usually turn around a list of potential ideas the same day. ... more
0 votes 3 answers Share Flag
Mon Mar 28, 2011
Michael Hammond answered:
My understanding is the following are community property states, Tp.

Arizona
California
Idaho
Louisiana
Nevada
New Mexico
Texas
Washington
Wisconsin

Please consult a tax or legal professional if you need to verify. Good Luck!

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

http://www.SellsRealty.org
... more
0 votes 1 answer Share Flag
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