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75380 : Real Estate Advice

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Activity 1,147
Sun Apr 7, 2013
John Juarez answered:
If the 1st lien holder forecloses the 2nd and other junior lien holders lose their collateral…the house. The debts are not wiped out or forgiven. Depending upon the law in your state, the 2nd lien holder may continue to take appropriate action to collect on the debt.

Check with an attorney for the law in your state and how it applies to your personal circumstances.
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Tue Apr 9, 2013
John Juarez answered:
Do any of the debts that you will have erased by a Chapter 7 bankruptcy, including the judgment, have anything to do with non-payment of rent or any other tenant-landlord issues?
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Mon Apr 15, 2013
Elizabeth Morgan answered:
Not necessarily. Depends on where you arr looking to purchase. There are advantages to buying an existing home such as mature landscaping or an existing pool. I have seen older homes that are better than new'! ... more
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Mon Aug 11, 2014
Bruce Lynn answered:
We have some cash buyers....typically they want to pay about 50% of the value of the house. If that's what you have in mind, please let us know. This is the ugly house type buyers situation...condition doesn't matter, no updates needed.

If you shoot me an email or give me a call I can also send you some of the contractors our clients use.

You can also keep up with prices in your neighborhood at this link:
http://www.metroplexhomesalesinfo.com/listings/areas/34917/subdivision/bent+tree+west/propertytype/SINGLE/listingtype/Resale+New/tractors
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Wed Apr 10, 2013
Elizabeth Morgan answered:
Depends on what you are looking for in a home. Highland Park, University Park & Prestonwood neighborhoods are established, desirable neighborhoods. I would be happy to help if you are not already working with another Realtor! You can click on my photo for my contact info & to check out my profile. ... more
0 votes 14 answers Share Flag
Mon May 26, 2014
Jan Absolom answered:
Welcome to Dallas! I would be happy to help you find a home in this area.

Please contact me at
Jan Absolom/JR Premier Properties
214-668-9498
jan_absolom@msn.com
0 votes 33 answers Share Flag
Sat Nov 9, 2013
Andrew Smith answered:
I know of a house for sale in Dallas which qualifies for the MAP program, if you would like more information on that please contact me by phone or email

(214) 686-1507
ajsmith988@aol.com ... more
0 votes 12 answers Share Flag
Sun Apr 7, 2013
Jena Dentone answered:
Call my husband! Paolo Dentone @ Home Team Mortgage@ 972-467-7777! He's amazing & local! We've both been in this business for many years and would love to help you throughout the entire process! ... more
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Wed Feb 4, 2015
T.E. & Naima Sumner answered:
The problem has to do with expectation of income going forward. You also need to have an expectation of staying in country for more than 3 years for some lenders and 5 years for most.

With promise of employment or being employable makes a huge difference.

So, it's not so much about the FICO scores as it is about future income and staying.

That being said, for buyers who have an ITIN there are a couple of sources of loans.
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Wed Apr 3, 2013
Kyle Baugh answered:
Adobe Title is great. We work with them all the time and they always seem to find the best interest rates. 214-821-0222. Tell them Kyle Baugh from Waller Group sent you.
0 votes 10 answers Share Flag
Wed Apr 3, 2013
Bruce Erickson answered:
Depends on your plans and goals for the next couple of years. But overall as a simple rent vs buy calculation then it would be "BUY".

Bruce
0 votes 9 answers Share Flag
Fri Jan 30, 2015
Cristyle Egitto answered:
Depends what type of loan you are applying for, if the builder has any requirements and what purchase price you end up agreeing to.

FHA will differ from Conventional and so on. If you agree to a price lower than the $239k your down payment will change. You will most likely have to put in a down payment plus the difference between the purchase price and loan approval amount (not to mention any appraised value).

I would work with an agent and also make sure to shop around for your loan package. And I would discuss your options with your mortgage broker.

Good luck!
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0 votes 20 answers Share Flag
Fri Mar 29, 2013
Dallas Texas answered:
Sure is would increase your income TO POSSIBLY QUALIFY for a mortgage HOWEVER no professional can render an opinion we don't have your entire "stack of documents" Recommend refer with your mortgage broker all the concerns.

Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
972-699-9111
http://www.lynn911.com 100's of Dallas homes listed for sale or lease

Follow me on Facebook
www.facebook.com/lynn911dallas
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Wed Mar 27, 2013
Michael Brownstead answered:
Hello Eric, I think it Is best to consult a real estate attorney at this point in time. I wish you the very best.
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Tue Mar 26, 2013
Elizabeth Morgan answered:
There is a link at the top of the Trulia web page "Local Info" that will provide a great deal of information. Click on the "Crime" link after you have entered the address or zip code in the search field on left top of web page. There is an interactive map & detailed reports. ... more
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Sun Mar 24, 2013
Duong Nguyen answered:
Here are the tips to help you find your answers:
Dallas VA Hospital is served by DART Blue line and Bus Route 444.
Trace along the public transportation routes for areas that match your rental or home price budget.
Ask a realtor to help you locate one.
The rule of thumb is the higher the rent or home price, the better the area in terms of good school or low crime. Of course, there are some exceptions here and there.
Good luck!
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Fri Mar 29, 2013
Michael Brownstead answered:
Hello Cynthia, this link may assist you.

http://www.dallasparks.org/main/home.aspx
0 votes 2 answers Share Flag
Wed Apr 3, 2013
Dallas Texas answered:
Simple answer: Depends what fits best for short and long term goals as a family and financial planning.

Lynn911 Dallas Realtor & Consultant
Multimillion Dollar Sales Producer
972-699-9111
http://www.lynn911.com 100's of Dallas homes listed for sale or lease

Follow me on Facebook
www.facebook.com/lynn911dallas
... more
0 votes 6 answers Share Flag
Fri Mar 22, 2013
David Whiteside answered:
A lot of factors come into play where is house, what is condition ect. Contact me and I will provide some insight.
0 votes 5 answers Share Flag
Fri Mar 22, 2013
Susan Hanson answered:
Hi there,
Appraisers typically look back 3 to 6 months for the comparable "solds" in the same subdivision and will compare 1-stories with other 1-stories and 2-stories with other 2-stories of similar square footage. They'll also take into consideration size of lot, location of lot (does it back to commercial or main street, etc.) and what condition the property is in, including updates.

Without knowing any of these things about your home, it would be difficult to say. However, a quick market analysis of your subdivision for past six months shows that homes have sold pretty quickly (within a couple months) at between $116.73psf and $213.80psf.

Current homes on the market are priced between $189.10psf and $308.61psf. Hope this helps! Feel free to contact me for further details. Thanks!

Susan
Your Home Is Where My Heart Is!
... more
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