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97227 : Real Estate Advice

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Activity 600
Tue Jul 3, 2012
Karla Divine, Broker answered:
I am not sure what you mean by " a second unit that has a crack" this a house or a multi family property? FHA loans are particular about property condition, but I would not count yourself out of the purchase based on what you don't know for sure, which is exactly what your FHA lender will allow or not allow. My approach is to work with your broker to craft the best offer possible, protecting your interests while reaching your goal. Be prepared to offer up cost of rehab, and a plan for resolving any serious issue. Financing a purchase of this nature can be tricky, but your broker and your lender can help you answer any questions of this nature.
Karla Divine, Principal Broker
Divine NW Realty
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Tue Jul 3, 2012
The Stephen FitzMaurice Team answered:

If you're selling in Portland I don't think you can beat this selling package:

Best marketing, value, and service.

... more
0 votes 14 answers Share Flag
Tue Jul 3, 2012
Linda Heinrichs answered:
I would definitely keep the garage. Most people do not like conversions as they are very personalized. Plus, I have never seen anyone get anywhere near what they put into these conversions out of them. If you need more space you would be better served selling your home and buying something larger that will give you the desired living spaces. Sell the great benefits of your home as it is - improvements you will see a return are paint, curb appeal, updated lighting, kitchen & baths. Good luck. ... more
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Wed Apr 6, 2016
Scott Ticknor answered:
An underwriter's job involves risk management and the task of approving or denying a loan file. A loan officer gets paid if the loan goes through.
0 votes 10 answers Share Flag
Wed Jun 27, 2012
James Gordon ABR SFR SRS answered:
This always surprises me and I find new thing out all the time. There is an old fee in one of my local cities for .50 (50 cents). It came back from the lender as a nonallowable fee. Everybody spent more time on fixing the .50 on the HUD-1 than was worth it. ... more
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Thu Jun 28, 2012
Look into USDA financing options for your area.
Contact me directly and I can recommend an agent in your area who has experience with this. With USDA financing you often do not need a down payment! ... more
0 votes 12 answers Share Flag
Thu Jun 28, 2012
HLR answered:
Most loan officers are in contact with their underwriters all the time, appraisers only hear from them directly a very few times, if the request is not clear to us when they want something explained more on a appraisal report. Agents normally too don't have direct contact with an underwriter, so best to talk to a loan rep. to answer your request.

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Sat Jun 23, 2012
Mike Hensley answered:
Mel: the way the original offer or counter-offer were written and accepted by all parties to the transaction should dictate the closing, the possession and the pro-ration of the closing cost attributed to the sale. If the seller stipulated that they required possession after closing - and you agreed at the time of acceptance, they would be correct in now asking to stay. If that was not discussed and agreed to by all parties, in writing, you should contact your agent and ask them to contact the Principal Managing Broker of the seller, to intervene in this issue. The delayed possession after closing is a common practice in some states where closing is handled by attorneys and not the Title companies - and is sometimes used as a negotiation tool when offering a lower price than the list price of a property but, again, it must be agreed to at the time of offer acceptance. I hope that this helps and you are able to find a common understanding and close on your purchase. Regards, Mike ... more
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Sat Nov 8, 2014
The Stephen FitzMaurice Team answered:
You can find that information at Easy search tool.
0 votes 4 answers Share Flag
Sun Jun 24, 2012
Eric Steindler answered:
James- let me know if I can help. Here is a link to some of the ways I would market your home to find a buyer.
Send me a message and I'll discuss more with you.

Eric Steindler
M Realty LLC
503 888 3111
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0 votes 17 answers Share Flag
Sat Jun 16, 2012
Gary Conrad answered:
Sorry typo I meant "well over" $100K in repair, and this was after speaking to our inspector. this home should be listed in the $270000 range.
0 votes 7 answers Share Flag
Fri Jul 6, 2012
Suzanne MacDowell answered:
Depending on what type of short sale it is, the bank may be insisting that the agent lower the price. In a HAFA short sale, often the bank will send an appraiser and dictate the asking price to the agent and the homeowner. In my opinion, this turn of events is potentially good news, potentially bad news for you. Obviously, the bank is trying to get other offers at this point, otherwise why lower the price. However, if they don't get other offers within a fairly short period of time, that will make YOUR offer look more attractive. After all, time is money and the sooner they sell the home the sooner they get the bad asset off their books. Two months is not a long time as short sales go. Seems to me that you have a choice, stick to your guns and see what happens or raise your price and end the suspense. ... more
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Wed Nov 14, 2012
Marge Bare answered:
that's a tough one, especially in Portland right now where we have one of the highest rental rates in the nation. Obviously if you have to be in Portland, I would start for the outskirts. If you can move out of Multnomah County then try Clackamas, Marion, Yamhill or Washington. Also check with your local services for that county and see if there's any kind of low income housing you'd qualify for. Without knowing more about where you want to be near, its hard to answer. But the good news is, a landlord will likely like the fact that you're have a secure income even if its lower... it is consistent!
best to you
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Fri Jun 8, 2012
Carla Muss-Jacobs, Principal Broker/Owner ~ Exclusive Buyers Agent ~ ABR, CEBA answered:
Might want to contact:

Corri Klebaum | Mortgage Advisor | MLO 211442

P 503-496-3838 | F 503-496-3839 | M 503-975-5005

She's with Alpine Mortgage and might be a good answer lady ;-)

Carla Muss-Jacobs, Principal Broker/Owner
EBA Portland, LLC
Exclusive Buyer Agency since 1999
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Mon Jun 18, 2012
Tim Moore answered:
All RE agents are not buyers agents, those working with a seller are sellers agents. I rarely see a buyer anymore that does not use a buyers agent.
0 votes 7 answers Share Flag
Fri Oct 5, 2012
Linda Heinrichs answered:
Your best source of crime stats is Just put in the address you are looking for and it will come up with all kinds of information and crime rankings.
0 votes 10 answers Share Flag
Tue Sep 25, 2012
Lana Lavenbarg answered:
What do you mean "bird-dogging"? I dont kow what you are referring to. You could go to an escrow company and learn about easements, how people take title, how they complete closing statements and so forth...that would give you a small look into a few items that we look at. Then you can check out how properties are on and so of luck to you !! ... more
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Tue Jun 5, 2012
Jennifer Bolen answered:
Janet, if you have access, look at who is selling condos in your building. Ideally, you have someone familiar with the features of your building, understands the HOA and the HOA's finances etc. Also, I'd look at the agents marketing and how they have presented other listings, not just in your building, but their other listings as well. Do they take high quality photos, do they put effort into the marketing remarks, do they BELIEVE in your property, is there spark or passion for what they do? What type of negotiator are they and are they willing to WORK for you? Are they ego centric or focused on you and your needs? Experience is nice, but experience without marketing and negotiating skills adds up to zero for me. A passionate agent, who likes their job, cares about your end result and who can negotiate for YOU is a win all the way around. Best of luck! ... more
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Thu May 31, 2012
Thesa Chambers answered:
hire an agent that truly works for you - I do not market your area but have a lot of great agent friends that I would be happy to have contact you
0 votes 11 answers Share Flag
Wed May 23, 2012
Jessica Berger answered:
You can ceretainly find homes in the Portland area in this price range. It all depends on how big of a house you are looking for, a 2 bed/ 2 bath home will be quite simple to find but 5 bed/3 bath will be much more work. You may also want to look in some of the suburbs, Beaverton and Tigard are both great areas with only a short drive into Portland, prices are a little lower here also. If you are worried about crime, This is a great way to do some research-- you can just type in the address of the house in question. I would also be happy to discuss different neighborhoods with you and suggest some areas that will be best suited to your needs and price ranges. Let me know if I can help! ... more
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