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Home Selling in 45042 : Real Estate Advice

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  • Local Info0
  • Home Buying2
  • Home Selling3
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Activity 10
Fri Apr 5, 2013
Kathy Adkins answered:
Some questions you may want to consider before deciding are:

How long will you be in Singapore?
How much notice will you be able to give tenants when you need to return?
Will you be using a relocation company?

A good property management company should take care of most of the issues of renting and you should find out up front what services they provide and the cost.

Whatever you decide I would be happy to help you with that, whether it be referring some property management companies or listing your home for sale.
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Fri Apr 8, 2011
Dan Tabit answered:
El,
The general rule is 2 years, but there are programs for some short sale sellers which under the right conditions allow them to buy sooner. You'll need to talk to a local lender familiar with all the details of your situation and the available programs to find out if you qualify. ... more
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Mon Aug 9, 2010
Rachel Spurrier answered:
Short sales will have an effect on your credit and I don't think that you could even be eligible unless you are behind in your payments. There are several bonuses of renting at this point - 1) when you sell in a few years the market will be back and you can get top dollar for it and 2)you will have someone else paying the mortgage and building the escrow for you. If you are worried about the distance you will be from the house and the upkeep/problems that may occur, have you thought about getting a rental agency to do the work for you?

Rachel Spurrier
Keller Williams Realty Augusta Partners
706-414-7702
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Sun Sep 6, 2009
The Hagley Group answered:
This sounds likt good criteria for a short sale. Hire an EXPERIENCED short sale agent to help....interview at least three befor e choosing.
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Wed Jul 29, 2009
James Gordon ABR SFR SRS answered:
Denise it will take a couple of years to my understanding to be able to get anything near normal credit after going bad on thousands of dollars that a lender had to write off. The rules are changing all the time so you never know. ... more
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Sat Jul 11, 2009
Adrienne Petrook answered:
That's possible. REducing your debt to cash ratio can only help.
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Thu May 7, 2009
Vicky Chrisner answered:
It will affect her just as it does you. I have a client that completed a short sale in January. It took his score down about 100 pts, but as of that time, the mortgage was showing open - once it is reflected as closed, hopefully that will be a little better. In any case, he was ineligible to co-sign on his son's student loans, which really left him in a bind. We figured out a plan, but it was not easy.

A foreclosure on your daughters credit will be worse.

This is terrible. As a mom, I can't fathom having my child on the hook for my debts - it is usually the other way around. How could this come to be? I am not trying to make you feel guilty, but I just don't get it. I can not imagine facing an issue where my daughter would have to pay for my financial sins.

I wish the very best for you and especially your daughter.
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Fri Dec 12, 2008
Bill Eckler answered:
Alan,
It's a matter of collecting contact information that can be used to help them with marketing you later on.
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Thu Jul 30, 2009
Chris Clark answered:
How a short sale impacts your credit will depend on the bank. Some banks will report it as a mortgage paid, others will record as a short payoff, and others will record as a short sale. A short sale will have a much smaller impact on your credit than a foreclosure will! Can you come to the closing table with the 7-9K for closing costs? If so, a short sale might not be required. It would be better to maintain your perfect credit and lose that money. There might be other options, but with your situation, it's probably best to sell to keep things simple. ... more
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Sat Sep 1, 2007
David M. Childress answered:
Your best bet? Call a local real estate agent and interview at least 3 and pick one! You should call those that are already paying for enhanced services from websites like Realtor.com! Thank you, David ... more
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