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77373 : Real Estate Advice

  • All44
  • Local Info2
  • Home Buying22
  • Home Selling5
  • Market Conditions0

Activity 129
Wed May 6, 2009
Kathi Frank answered:
Hello Amber,

I tried to reach you by phone and got your voice mail. Expect an email from me directly from the MLS. I know that you may already have basic information, but this will give us a starting place for a conversation.

If you prefer, you may call me at (936) 441-1314 and we can discuss these properties directly
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Tue Nov 18, 2014
Amber Mcpherson asked:
Wed Aug 25, 2010
Mattye P. Smith answered:
Hi Maureen,

Do you have any information on subject property? Your link did not attach. I am available to assist you. Provide a few details.

Mattye P. Smith
Realtor

Colonial Real Estate ... more
0 votes 5 answers Share Flag
Tue Oct 15, 2013
Jackie Rankin answered:
When you submitted your offer there should have been some addendum paperwork that you signed. This should detail who is responsible. Sometimes the bank will do it and other times it is the responsibility of the buyer. Usually the buyer is responsible, because you (typically) are buying the home "as-is". Hope that helps :).

Jackie
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Thu Oct 9, 2008
Jeff Konstant answered:
If the home is paid off there is no longer mortgage to deal with. You want to have an attorney draw up the papers to convey the property from him to both of you. Very quick, simple and inexpensive. ... more
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Tue Sep 23, 2008
Brad and Jennifer Corekin answered:
There are several rentals in the Spring/77386 area. What is the price point in which you want to rent? How many bedrooms/baths are you looking for? How soon do you need to move?
0 votes 2 answers Share Flag
Wed Oct 18, 2017
Josh M. Boggs answered:
Eric,

Very simply.. YES.. check out Ute's and my response here:
http://www.trulia.com/voices/Foreclosure/Citi_Financial_holds_the_mortgage_on_my_home_in_Ha-53337--

I've not known for HOA's to immediately foreclose in the same year; but I've seen numerous HOA foreclosure happen right here on our courthouse steps on the first Tues. of the month. ... more
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Tue Aug 19, 2008
Ute Ferdig answered:
Hello Eric. The HOA will have to first put a lien on your house and I don't know what the process is for that in TX, but you'll have to be notified. Once they have a lien on the house, they can theoretically foreclose, but the cost of the foreclosure is most likely so high that it would not make sense to go through it just to collect one year's worth of HOA fees. However, I have heard of people losing their house because the HOA foreclosed collecting a relatively small amount. Whether the HOA can benefit from a foreclosure will of course depend on how much equity you have in the home since they'd get house with the existing loan and they'd have to sell it to recover their cost, which only makes economic sense if the house is worth more than what's owed on it. You should check with a TX attorney concerning the details of foreclosure in your state. Good luck to you. ... more
0 votes 3 answers Share Flag
Wed Jul 2, 2008
Mary Bowen answered:
Your agent can list your home on Trulia. Some companies have an automatic feed to multiple real estate websites. My office has at least 20 websites that we link to for more exposure.
0 votes 2 answers Share Flag
Fri May 30, 2008
Margaret T. Hatcher answered:
Anna,
Go to http://www.Realtor.com
You will find crime ratings there. If you need it broken down further you will have to call the local sheriffs
dept.
In The Woodlands the neighborhoods are very small and may be too small for Realtor .com but I think you will find this a good site for what you need overall.
We as Realtors can't tell you but an official site with official stats can.

I hope this helps
Margaret
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Tue May 20, 2008
Dallas Texas answered:
0 votes 2 answers Share Flag
Tue May 20, 2008
Dallas Texas answered:
Per our professional code of ethics for realtors we can't make a commit, however a realtor can make an overall suggestion on several communities.
0 votes 2 answers Share Flag
Wed May 7, 2008
Dallas Texas answered:
You can locate a realtor in your area possibly via google they can complete an MLS search on your behalf.
0 votes 1 answer Share Flag
Wed Aug 25, 2010
Alan Wynn answered:
Christine,

As a listing agent, I try to build in a little bit of margin in the List Price...usually between 3% to 5%. This is typically what a Seller can negotiate with. We try to maintain a List to SOLD ratio of 97%+. This means that if the SOLD price for a property is 97% or higher of the List Price, then it was priced right. So with this in mind, your offer should be such that you can negotiate a finally SOLD price in that range.

There are of couse many other factors that can complicate this. But for a straightforward transaction like you describe, this is a good rule of thumb.

Hope this helps.

Alan Wynn - Realtor
Like NO ONE Else!
214.729.5582
info@DallasHousesOnTheWeb.com
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0 votes 13 answers Share Flag
Fri Mar 28, 2008
Dallas Texas answered:
You might be able to google map your request for the answer or contact the city or go to that city website for park names if you know the street address. Hope that assist you.
0 votes 1 answer Share Flag
Wed May 21, 2008
Ntfeldman answered:
Pre-foreclosure or "short sale" properties as they are called are subject to bank approval, subject to multiple offers coming in from other buyers and generally (but not always) are sold on an as-is basis.

Watch out for the amount of time it will take to get an answer from the bank. Watch out for other buyers who out bid you in the process (submitting their offers even long after you've submitted yours). Watch out for falling in love with a property you may not be likely to get. Watch out for tying up an escrow deposit on a property you don't control. Watch out for the bank not paying some of the traditional closing costs that seller's pay (but you don't have all the dumb fees in Texas that we have in Florida so you may not have as many of those issues).

You can get a list of homes from a knowledgeable Realtor in your immediate area and you can utilize that Realtor's experience to help you through the negotiation and communication process with the bank and to keep you from tying up that escrow deposit.

You will have the opportunity to have the property inspected and appraised prior to closing.

Your first step is to get a lender letter of pre-approval as ALL short sales and foreclosure sales (banks) will require that you be pre-qualified or show proof of funds before they execute a contract of sale with you -so just get this out of the way early.

Any list you buy will be old, don't waste your time. The banks are working directly with Realtors to move these properties out and that's your best resource in this process bar none.

I miss Houston, lived there 27 years. Good luck, hope you get a great home and a great value,
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0 votes 10 answers Share Flag
Fri May 23, 2008
Brendan Murphy answered:
Your contract should stand. Contract law varies state to state, but the typical way it works in my understanding is that your contract would have precedence over a buy sell agreement that could happen in the future. They might offer to buy you out, but I think they have to accept your lease agreement and simply take over the previous landlord's position (ie get all the benefits like rent, but also all the duties like the lost possession rights they handed over to you until the lease end date).
Typically you can find out information about the mortgagee at the county courthouse and perhaps find a way to contact the bank and see if they would be interested. If it is owned by the courts as you say, ask when the auction will be and see if it will be priced at a point where you'd like to bid. Act fast and good luck!

Brendan Murphy
Broker, CRS, GRI, ePro
Raving Real Estate
Laramie, WY 82070
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0 votes 7 answers Share Flag
Thu May 7, 2009
Don Jackson answered:
You have a legal right to the commission that paid out on the transaction. If you did sue, you will win. Your reputation would be tarnished. Also, you broker is the one who has to sue. Not you unless you are the broker.

Did you asked them why they didn't use you? Make this a learning experience for you.

I wish you the best!
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0 votes 12 answers Share Flag
Wed Jan 23, 2008
Jim Walker answered:
There are listing agents that specialize in LISTING foreclosures. They represent BANKS not consumers. As a buyer, you would be served best by an agent that will show you homes that are for sale by banks AND by Motivated Sellers. - An agent that has experience and skill negotiating BOTH types of sellers.

Most foreclosures are in worse condition and have higher list prices than equivalent motivated owner homes. This is why you should want to compare regular listings with Bank REO's. If you look only at Bank homes, you are likely to overpay.

I have provided a link to the Sacramento Real Estate Exchange Group below.
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Sun Jul 15, 2007
Bruce Lynn answered:
As for crime you might want to check with the Community Service Officer or SRO at the Harris County Sherriff's Department. Their number is: 713-221-6000. You'll probably get more and better detailed info from them than from anyone else.
Cheapest rent? ...that's a tough one to answer.
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