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30317 : Real Estate Advice

  • All27
  • Local Info5
  • Home Buying5
  • Home Selling7
  • Market Conditions5

Activity 2,105
Tue Mar 5, 2013
Charles Rorive answered:
David,

Believe it or not, the simplest website would be mapquest.com. You enter the city you want to start with, the destination city and not only will they give you driving directions, they will give you distances. If you are looking for distances "as the crow flies" then I would recommend Google Earth. ... more
0 votes 4 answers Share Flag
Fri Feb 15, 2013
Rodney Mason answered:
Hi David,
What exactly is your question?
0 votes 4 answers Share Flag
Sat Feb 16, 2013
Charles Rorive answered:
The best way to find jobs working on foreclosed properties is to:
1 - Make sure that you are licensed (contractor's license) and bonded.
2 - Start contacting the banks, real estate offices and others to provide them with your information.
3 - Market yourself.

Best of luck.
... more
0 votes 4 answers Share Flag
Sat Feb 16, 2013
SFultonRealtor answered:
Thu Mar 14, 2013
Rodney Mason answered:
For an FHA mortgage, most lenders require a 640+ credit score for the last 2-3 years now.

Prospect Mortgage is one of the few direct lenders to offer an FHA 580-639 FICO loan program. Credit profile is a major factor in a mortgage approval. Generally, there should be no late payments, new collections accounts/charge-offs/liens/judgments in the last 12 months. It is required that all open collection accounts must be paid in full if their cumulative balances exceed $1,000.

The 3.5% minimum down payment can be from the borrowers own funds or it can be gifted from a family member. Two months of reserves for the PITI (Principal + Interest + Taxes + Insurance) payment + HOA Dues will be required. This must be from the borrower’s own funds and not a gift.

Working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your options. To get Pre-Qualified for your 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 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 17 answers Share Flag
Sat Feb 23, 2013
Michael Hammond answered:
If you think it's overpriced, Bridgett, you might consider offering less. Please call, text or email if we may provide further assistance. Good Luck!

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

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

http://www.SellsRealty.org
... more
0 votes 9 answers Share Flag
Wed Feb 20, 2013
Shaukatali Kadibhai answered:
U are upside down by 100K.

Ayou do not cover the expenses from the rent you receive.
Can you frinance it??
Have the market changed whee the house is located??
Talk to a lender and see the best way out.
Good LUCK
... more
0 votes 4 answers Share Flag
Thu Feb 28, 2013
Rodney Mason answered:
FHA/VA 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 or VA 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 or VA 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.

Working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your options. To get Pre-Qualified for your 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 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 4 answers Share Flag
Thu Apr 30, 2015
Rodney Mason answered:
Luis,
You would not be able to use a Lot Loan when there is an exisiting structure on the property. A Lot Loan would be for unimproved or a vacant lot.
0 votes 10 answers Share Flag
Thu Jun 20, 2013
Tyler Willis answered:
Hi Tanisha,

Any realtor can help with purchasing a home for renovations. I happen to know a couple of great contractors that could help renovate.

It's really about having a good realtor that knows your area and maybe helping you out with envisioning the possibilities.

If you ever need assistance I'd be happy to help.

Tyler Willis, REALTOR®
Keller Williams Realty Intown Atlanta
621 North Ave NE, Suite C-50
Atlanta, GA 30308
Office: (404)541-3500
Direct: (678)656-5524
tylerwillisintown.kwrealty.com
... more
0 votes 20 answers Share Flag
Sat Feb 16, 2013
laurie cass answered:
First of all, do you know if the lot can be subdivided? Have you checked on the zoning ? You will need to speak with a lender to determine financing and down payment options. Pricing will also be determined by the location of the property. ... more
0 votes 7 answers Share Flag
Sat Feb 16, 2013
Craig Zappin answered:
I would recommend looking for an agent in the particular city they are moving to. Reach out, make contact and let them put you in contact with a local mortgage lender for a pre-approval so they know exactly how much home can afford. ... more
0 votes 7 answers Share Flag
Fri Feb 8, 2013
Madie_jackson asked:
This question was asked from http://www.trulia.com/homes/Georgia/Atlanta/sold/21773292-1349-Lenox-Cir-NE-Atlanta-GA-30306
0 votes 0 Answers Share Flag
Sun Aug 11, 2013
Sherry Bailey answered:
There are some options out there for you. Have you considered a lease/purchase or owner finance? They usually require a substantial down payment and then you are required to obtain a mortgage within a certain amount of time (12 months, 24 months, etc.). Please give me a call and I would be happy to help you.
Sherry Bailey
678-644-5820
... more
0 votes 16 answers Share Flag
Sat Jan 11, 2014
Sarah Moore answered:
I have sold a few units in this building before and it is in walking distance to Tech, has covered parking and security. I would say that it could be a good choice for a student. There are only a couple 2 bedrooms left and you never know in this market how quickly those will go. My suggestion is to work with a Realtor who can set you up with the tools you need to be successful in acquiring a property for your son. I would be happy to have a discussion with you. Thanks!

Sarah Moore
The Live in Atlanta GA Team
Keller Williams Atlanta Midtown
678-641-7925
sarah@liveinatlantaga.com
... more
0 votes 12 answers Share Flag
Wed Feb 6, 2013
Suzanne MacDowell answered:
She should pay you at least a dollar. And you should have a written contract, probably a lease, setting out exactly what she is responsible to pay, what your responsibilities are, when she will take possession and when, exactly, she will vacate. I normally would not recommend a lease between friends at all, it's a good way to lose a friend, but if you really want to help this person, just make sure everyone is protected in writing, and knows exactly what they can and cannot do and exactly what is expected of them. The agreement can always be amended at a later time but you need clarity if you are going to do this. ... more
0 votes 6 answers Share Flag
Wed Apr 3, 2013
Elizabeth Walton answered:
Hi Trulia, thank you for your inquiry about where to store items when staging/selling a home.
That depends on what you might have at and/or away from the home as well as the size of
the home, is there room and what items are being stored. Possible areas that come to mind
are closets, a garage and/or basement if you have either, a spare room in the home, cabinets,
an attic if there is one. Might a storage locker work? Store at a neighbor’s?

Where you do this really relates to the amount and sizes/weights of items to be stored and
some idea of how long the items might be stored.


Elizabeth 'Beppy' Walton, Realtor
ASP, CFIS, DPP
Keller Williams Buckhead
C/404 234 9418
... more
0 votes 7 answers Share Flag
Mon Mar 4, 2013
Bruce Ailion answered:
Your best bet will be to find a place and rent furnature from Arrons or Cort furnature independent of the apartment. There are several firms that offer shorter term leases M to M or 3 M for about 1.75-2 times the normal rental rate. These many not permit pets.

Bruce
... more
0 votes 2 answers Share Flag
Tue Feb 5, 2013
Fred Yancy answered:
Rent a storage unit for a month or two. Everything will be boxed and labeled and ready to move into your new home.
0 votes 4 answers Share Flag
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