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30362 : Real Estate Advice

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Activity 2,105
Mon Apr 1, 2013
John Walin answered:
Wed Apr 3, 2013
Dan Pennywell answered:
Please feel free to call me or email me about East Lake, Kirkwood, I lived there for 30 yrs
404 626 1665...dpennywell@century21.com
0 votes 13 answers Share Flag
Sat Mar 30, 2013
Becky Loar answered:
Well, I feel like I can actively answer these now in that I am revamping myself to help buyers and sellers and asset manager across the country after beating the pavement for 33 years of which 23 were in REO. Taking up for the agent, they assign the new assets by street name an number and city with the default mortgagor listed too. No other info- no REO forecloure deed- nothing. In th beginning I had to get real savy in going to sourcers that were available to agents. My item on my task is to go into the country records to pull my own warranty and security deed that was foreclosed on. In one of the seccurity deed payments it will list the CONDO rider and or the PUD (planned unit development rider) It will also give you the plat book and number of site and it definitely says CONDO Plat Book! In the listing agent research, she could have easily come up with the correct managment compan or a contact to the board as it would have been given to the closing attorney prior to closing for the tile insurance. Instead of homeowner insurance for the entire structure you will only be paying a little more than rental insurance because the owner only owns the space between the walls of her unit and has not land rights. However she does own an undivided interest with all the owners on th common areas. I am not familiar the discount rate rising however there have been many changes in the lat 6 years. If she got a good deal, get a Home Warranty (sometimes provided by Homepath or I have a great HW company I used that covers everything. Be patint an close with this loan if she like it. I have seen the closing attorneys not even get th HUD one out on the same DAY! Trust me this happens more times than you could possibly imagine. There are some other resources on HUD.GOV that you can look up on their approved condo list and other elements that take into place. Don't worry about th lot and structure bing taxed separtely- thy do that on single famiy homes too. The good thing is that Fannie/Homepath does not charge for an appraisal (to my last knowlege) which saves money an in the condo- her insurance will be lower due to it is not on the structure- ony the content. Closed it if you can- pricing is going up and who knows that were ever be deals again! I hope tht helps- you can checky me out on LinkdIN for my credentials-Becky Loar or privaatly email me at becky@beckyloargroup.com. Have a wonderful Easter Weekend, ... more
0 votes 6 answers Share Flag
Wed Apr 3, 2013
Tyler Willis answered:
Hi Alba,

There are plenty of neighborhoods that would fit what you are looking for. For someone to give you solid advice would require a bit more in depth convo as to what your needs may be.

I'm sure you will get plenty of comments and advice here as to what neighborhoods may be around, but like I said; a more in depth conversation is needed.

Since you are new in town I would be happy to hold that conversation with you and take you along on a tour of Atlanta and what different neighborhoods have to offer.

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 27 answers Share Flag
Thu Mar 28, 2013
William Polack answered:
Perhaps one of you should buy the house and rent to the 4 of you. You could turn it into an investment property afterwards by renting it or selling it. Using private money can help you get the money to buy the place.

If you go to google and type in "virginia highlands georgia rent" it will bring up rentals for you.
... more
0 votes 5 answers Share Flag
Thu Jun 13, 2013
Nicole Eaton answered:
Greeting homeseeker!

To start, have you spoken with a lender? That is the first key to the home purchase process. With low interest rates you can afford more home now than ever before. I would love to assist in your search for the perfect property and neighborhood for you and your daughter. If you have not spoken with anyone regarding financing, you can give me a call and I can give you a few referrals to call and see who gives you the best options. Hope to talk to you soon!

"Bringing Buyers and Sellers Together"



Nicole Eaton, ABR, SFR

Associate Broker/REALTOR
Keller Williams Realty-Peachtree Road
#1 Real Estate Company in Atlanta!
678.948.7020 Direct
866.833.3203 e-Fax
Certified Short Sale & Foreclosure Specialist
Licensed in Georgia & Michigan
"I love referrals...and I'm never too busy to service your friends and family"
... more
0 votes 8 answers Share Flag
Mon Apr 1, 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 mortgage 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 7 answers Share Flag
Wed Jul 22, 2015
Chris Irvin answered:
You need to talk with your mortgage consultant about this ASAP. You will not be allowed to close a FHA loan on a property whose approval is expired regardless of when the case # was assigned. The good news is that it is not difficult for the HOA to have the community's FHA approval re-newed. This will have to be completed prior to your close date.

Sincerely,

Chris Irvin
Mortgage Banker
Brand Mortgage
NLMS 75615/465546
678-251-7889
cirvin@brandmortgage.com
www.chrisirvin.com
... more
0 votes 10 answers Share Flag
Mon Mar 25, 2013
Gibson Tarniah, Jr. answered:
Good morning, I have a lot of experience working with investors and would like to discuss your vision. Please give me a call @404-734 - 6940 or email me @ gibson@tarniah.com.
0 votes 4 answers Share Flag
Fri Mar 29, 2013
Kim Jones answered:
Fidelity has a "Renovation" loan with just 5% down, but our "Construction to Perm" loan won't be available until later this year. You could have your builder finance the construction project and then get a permanent loan at the end of the construction for as little as 3% down. If you'd rather finance the constrruction yourself, email me. I have a few friends at other banks that offer Construction to Perm loans, but I believe they do require 20% down.


Warm regards,
Kim Jones
Senior Mortgage Banker
Fidelity Bank
3490 Piedmont Road, Suite 750
Atlanta, GA 30305
CELL/TEXT: 678.468.4046
eFAX: 678-829-0612
CLICK TO Apply Here!
EMAIL: kim.jones@lionbank.com
FIND ME ON FACEBOOK: http://www.facebook.com/KimJonesHomeLoans
FIND ME ON LINKEDIN: http://www.linkedin.com/pub/kim-jones/a/a68/109
NMLS# 545217
... more
0 votes 3 answers Share Flag
Fri Apr 26, 2013
Michael Hammond answered:
We have found the best "reviews" tend to come from neighbors, Tony. They will generally be candid with you without any incentives attached. 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
Sat Mar 23, 2013
Lorraine C Carribean answered:
If you would give me the exact address i will send you the information

Lorraine Carribean Broker The Carribean Group, LLC
678-530-0408 lorraine@carribeangroup.com
0 votes 1 answer Share Flag
Wed Jul 22, 2015
Keith Jean-Pierre answered:
Many loan types have clauses that prohibit loan assumption, but mortgages insured by the Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA) continue to be assumable.

According to the Department of Housing and Urban Development (HUD) guidelines for FHA-insured mortgages, all FHA loans are assumable. Any loans originated before Dec. 1, 1986, are freely assumable, which means there are no restrictions on the assumption. Mortgages from 1986 through Dec. 14, 1989, are freely assumable as well because of congressional action in 1989 that voided the closing document language of loans from that period.

FHA loans originated on or after Dec. 15, 1989, are assumable only by borrowers who can demonstrate creditworthiness. This means the new owner must go through the same approval process he would go through for a new FHA mortgage. Investors cannot assume an FHA mortgage originated after this date under any circumstances.

Good luck!
... more
0 votes 7 answers Share Flag
Mon Mar 25, 2013
Telmo Bermeo answered:
This is a loaded question, I would say first I look for value, are you paying the right price, is it in the right location, are the properties in this neighborhood been properly maintained, is the value of the home going to go up. Once you have gone beyond this point, the next major areas to check is: Structural, this could be a major expense if the house has any structural problems, paying an structural engineering could save you a lot of headaches. Have the house inspected by a certified home inspector, inspect for the following major areas: plumbing electrical, HVAC, appliances, roofing, siding, if the house is built prior to 1978 check for LEAD. It is expensive to do Lead abatement, lead cannot be completely removed from your house. Now a days, we also check for insurance claims history, be sure to get a report from your insurance company, the house may have too many claims, your homeowners insurance policy maybe very expensive. Get a Title search done and get Title Insurance is worth it.

I'm sure I can think of other things, but this will get you started. Let me know if you have any questions.

Telmo Bermeo is an Associate Broker with America's Network Realty Group, Inc. located in Dunwoody GA.

770-309-6417
www.kstrealty.com
... more
0 votes 6 answers Share Flag
Mon Mar 25, 2013
Robert Taylor answered:
I would hope that all of them would be, but sadly that is not the case. Feel free to contact me if you would like more information on it or would like assistance in finding a home that qualifies. ... more
0 votes 3 answers Share Flag
Thu Mar 21, 2013
Rodney Mason answered:
Hi Jocelynn,
All loan programs today require a verified continuous 24 month employment history in the same line of work, but not necessarily with the same employer. There are only a very few of exceptions to that rule. Those exceptions are as follows:

1. If you are a recent college graduate, you can use your time spent in college to make up part up the 24 month history. A copy of your college transcripts and your college diploma will be required.
2. If, within the last 24 months, you have had a 6+ month gap in employment, then you must be employed at least 6 months since that gap ended.
3. For someone with a longer break in history, the same 6 month rule is followed, but a full 24 month employment history from previous employers must be verified.

For someone who is salaried or hourly, you generally must be employed at least 30 days with the current or new employer. This is due to the fact that a pay stub reflecting at least 30 days of YTD income is going to be required prior to closing.

If you are paid by anything other than a W-2 (i.e. a 1099, self-employed, etc), then you must have 24 months of receipt of that type of income. Some exceptions are possible if your current employer switched your compensation from W-2 to 1099 or commission.

Closing on a mortgage prior to starting a new job with a new company is only considered on a case by case basis for certain fields. Generally, a non-revocable employer agreement confirming your new salary, position, and start date will be required.

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 mortgage 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 6 answers Share Flag
Fri Mar 22, 2013
Maggie Harper answered:
It seems that 1 in 3 of every properties I plan to show is under contract!
0 votes 9 answers Share Flag
Thu Mar 21, 2013
Cheryl Taylor answered:
Ladymaryum, yes it does include the guest home. Property is gated. I would love to show you this beautiful property.

Regards,
Cheryl Taylor
Solid Source Realty
404-644-8082
0 votes 6 answers Share Flag
Fri Mar 29, 2013
Michael Kempter answered:
Absolutely, we offer construction to perm with great rates on both products, currently you Jumbo is at 3.99% Please give me a call and I can go over some different options for you.

Michael Kempter
Senior Loan Originator
NMLS# 101596
GRMA# 30094

Angel Oak Funding
One Buckhead Plaza Suite 1560
3060 Peachtree Road NE
Atlanta Ga 30305
Office 404-637-0362
Cell 678-427-4217
Fax 404-410-6898
Apply online- http://michaelkempter.angeloakfunding.com
... more
0 votes 5 answers Share Flag
Wed Mar 20, 2013
Craig Mclendon answered:
Send me the address I'll give you the CMA, craigmclendonre@gmail.com
0 votes 10 answers Share Flag
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