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89130 : Real Estate Advice

  • All26
  • Local Info2
  • Home Buying12
  • Home Selling3
  • Market Conditions0

Activity 1,984
Fri Feb 22, 2013
Steven Goldman, CRS, Realtor answered:
I do not know why an OWC would accept 10% down. The OWC's that I have listed have looked for 25% down or more. If the Buyer cannot qualify for a 3.5% FHA loan, or a Conv loan with 10% to 20% down, why would a property owner want to a larger risk than the US government and/or the Banks, to loan money to an individual?

Purchasing a property is not a right as many politicians want to believe. It is a privilege to those who have proven their ability and past actions to be trusted with their money and another persons property.

Expect to need 25% down, interest rate to be 7% to 12% with a 5 year balloon for a note.

I suggest you keep renting until you have 20% down and additional funds for closing costs.
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Tue Feb 19, 2013
Douglas Miller answered:
460 per month Please call me with any question 702-592-2817 Doug Miller Re/Max Extreme
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Mon Feb 18, 2013
Tim Moore answered:
0 votes 5 answers Share Flag
Sun Feb 17, 2013
Denny Hebibovich answered:
Hi Alia,

you can contact me directly below and I'd be glad to assist you.


CELL: 702-241-6110
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Sun Jun 16, 2013
Your Solar Realtor answered:
Contact: Keith Russell
0 votes 3 answers Share Flag
Wed Feb 13, 2013
James Bellile answered:
Small Claims Court or take the agent through mediation at the real estate association (GLVAR) if there was an ethics breach by the property manager (assuming the property manager is a licensed real estate agent). ... more
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Thu Feb 14, 2013
Valley Property Inspections answered:
Gifts of any sort, promise of payments for referrals are illegal in Nevada as well as in all states that require licensing.
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Tue Aug 13, 2013
Lizette Trujillo answered:
If you had a short sale with lates in your mortgage you will need to wait 2 years to buy with a conventional loan with 20% down. If you only want to put 3.5% and use an FHA loan you will need to wait 3 years. There is another program if you short sold and never had lates. I understand most people went into short sale because they had defaulted in their mortgage but some people didn't and you don't have to wait to buy another home. If you had any more questions you can call me at 702-460-2196 or email: Thanks ... more
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Tue Feb 12, 2013
Mike Hoffman7 answered:
Refinancing involves purchasing a new mortgage to replace an existing one. Traditionally it is done to take advantage of lower interest rates or to take equity out of a property. Currently it is a process by which a loan is restructured to create a more affordable payment. This can be achieved by extendeing the length of the loan with a lower interest rate and or having the bank forgive some debt or by consolodating multiple loans into one. ... more
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Thu Feb 14, 2013
Myra Gouger answered:
There is no recourse. Unfortunately, the bank can take as long as they feel like. When you owe the bank money, they want it right away. They will destroy your life with nasty phone calls and everything else. When you want service from them, however, the world could stop rotating on its axis before they will do something to move forward quickly to help you. ... more
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Mon Feb 11, 2013
Rena Levy answered:
To be able to qualify for a new loan, you will have to wait two years from the time of the short sale on your property. Three years for for foreclosure for owner occupied loans. If the short sale was completed without missing mortgage payments than you can qualify for am FHA loan immediately with 3.5% down payment and 96.5% loan to value.

Rena Levy
Licensed in U.S.A/Nevada and Israel

World-Wide Real Estate
"Bringing the world to you..."

Direct: 702-612-7099 U.S.A
Office: 702-992-7754 U.S.A
E-Fax: 888-433-4207 U.S.A
Israel: 03-911-9001 ישראל
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Tue Feb 12, 2013
Robert Adams answered:
I am sure there are some local L.O. experts that can help advise on this.

Best Regards,
Robert Adams
The Adams Team at
Rothwell Gornt Companies
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0 votes 3 answers Share Flag
Mon Feb 11, 2013
Diggity answered:
Why don't you hire a Realtor to take you to the homes . It is dangerous for people to give directions to their sellers homes having not known who someone inquiring on a website might be .
You can't get into the homes anyway so why not hire a professional to put together a list and take you out?
That would be the best thing to do .
You can also ask that Realtor about the neighborhood . But just driving buy and looking in windows or peeking around is dangerous for both you and the seller .
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Sat Feb 9, 2013
Diggity answered:
Hi , it really depends on what you are trying to do . Do you have money saved ? Are you a first time homebuyer ? Do they have special programs available . The best thing to do is to get a Truth In Lending statement and compare . You don't want to pull your credit too many times so plan and make appointments close to each other and then decide what is best for you . You may want to take a homebuyer education course live or online . And perhaps some one on one counseling would help too . There are non profit organizations that provide down payment assistance to those that meet certain requirements . Large banks like Chase, Wells Fargo and Bank of America are called CRA lenders , that means Community Reinvestment Act . They must lend money at a lower rate to small Buisness and first time homebuyers to spur economic growth . They may also cover some of your closing costs . However they can only lend their products . A mortgage broker can shop all possible loans for you and get you the best rate but the fees may be higher . At any rate you really should educate yourself before you den start to shop a loan . Here is a website that offers an online homebuyer class . There is a fee for taking the class . Studies show that an educated homebuyer is able to sustain a home. Here's the website The class is called Framework . If you prefer a live class or wish to learn more about programs available to you please feel free to contact me . I hope that helps answer your question . ... more
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Fri Feb 15, 2013
Myra Gouger answered:
Harder than you can imagine. Yes, homes are going for $10-$15,000 more than the list price. Nevada home prices are up more than 15% according to an article in the Review Journal and the prices are going up more than in any other state. So, here is the true picture: we led the market in foreclosures, we led in low prices and now we are leading in higher prices and faster appreciation. ... more
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Fri Feb 8, 2013
Myra Gouger answered:
There is no best place. Your best place is what you like not what someone else likes.
0 votes 13 answers Share Flag
Fri Feb 8, 2013
Aneta Ivanova answered:
The best steak house in Las Vegas is Circus Circus Steak house. It is been 25 years on a roll, voted for best Steak house
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Thu Feb 7, 2013
Scott Godzyk answered:
You could... You should first meet with a local and trusted loan officer who can prequailify you at no cost and let you know if you can get a mortgage and how it will work given your situation ... more
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Sat Feb 23, 2013
Reggie Ladislao answered:
It depends on wether you want to buy or rent. Call me if you need some advice.
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Thu Feb 7, 2013
Robert Adams answered:
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