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Ashland : Real Estate Advice

  • All31
  • Local Info2
  • Home Buying8
  • Home Selling2
  • Market Conditions3

Activity 20
Thu Apr 11, 2013
Tim Moore answered:
Just curious why you would want to know something like that? In this day and age I don't think making such a request is prudent or wise and if I knew I would not tell.
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Thu Jan 16, 2014
Lana Lavenbarg answered:
Most likely only a hard money loan if the lenders will even do that. They are individuals with money that allow a lender to loan out their funds but at quite a higher interest rate. BUT they also want to have some feeling of being paid back so they will need to know what kind of judgements,etc to decide whether or not even they will loan. ... more
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Sat Jun 16, 2012
Dan Tabit answered:
Probably not. IF you have a lease, you are likely entitled to complete the remaining term of the lease. If you are month to month, then you could get notice at any time and be required to vacate in the time allowed by the laws of OH.
Look up the landlord tenant law for Ohio for a complete explanation of your rights and responsibilities as a tenant.
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Sat Apr 14, 2012
Sara Walker answered:
Kajmir, that must seem confusing. MLS information is updated very quickly after an agent or Broker submits the change to them. Trulia may be using a different system for updating information and possibly one without the speed of the MLS system. Back to your question... it looks like the house was listed, then it was taken off the market and then it was listed again.
When you have a knowledgeable Realtor who will take the time to answer all your questions and give you an overview of the whole buying process, then you've got a good guide through this maze.
All the best to you!
Sara Walker
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Sat Feb 18, 2012
Doc & Ellen Stephens answered:
It depends whether you are the Buyer or Seller. In either case, you might hire a professional licensed appraiser, or you might just find a great agent to represent you and ask them to do a Market Analysis for you. Agents have access to the most current information and know the details that make a big difference in pricing.

Good luck,

Doc Stephens, REALTOR
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Sat Jan 28, 2012
Melina Tomson answered:
Without seeing what they actually wrote, it probably means the estate is still being resolved and close of escrow needs to be 120 days out from the time of the offer. 3-0-45 days is the norm. ... more
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Tue Sep 11, 2012
Dave Sutton answered:
You can get the elevation of most any place on earth from Google Earth (free download at I didn't see an address on your question, but you can enter an address and check the bottom of the screen. It shows the elevation of wherever you place the cursor.

For example, I read the elevation of the middle of the Hyatt Reservoir at 5,221 feet.
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Thu May 3, 2012
Anna M Brocco answered:
To see if it makes sense to sell the property, you can either hire a professional appraiser; or free information, consider inviting a few local agents form different realty companies and ask for a cma, comparative market analysis; review the data, ask opinions and determine worth--then decide. ... more
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Wed May 26, 2010
Try WaFed... underwriting is pretty restrictive max DTI 42%, will not accept declining income, pretty tough these days but worth a try :) I know Wells and M&T will go higher than 4 but not sure about the cash out. ... more
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Wed Jun 13, 2012
Don Tepper answered:
Your lease continues to run.

Check with a lawyer (or your local city or county) for more information.

Your landlord might make you an offer to move out--pay you a thousand dollars or so and perhaps moving expenses. If so, you can accept or reject that.

Recognize, too, that if the house has just been listed, it's likely to be 3-4 months before the new folks could move in. For instance, let's say the property's listed. And let's say it gets a contract in 30 days. (That's pretty good in many markets.) And let's say the whole buying process takes another 45 days. That's 2-1/2 months if everything goes very smoothly. If it's on the market for 60 days, and it takes 60 days to close, you're up to 4 months. So, as a practical matter, you may not have a problem.

However, from a technical standpoint, it's your landlord--not you--who has the problem. If you've got a valid lease and you haven't broken it, you get to stay.

Hope that helps.
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Tue Jun 5, 2012
Dianne Hicks answered:
Us Army
If you are making offer on short sale then that means they are in agreement with the transaction so there should be no redemption period. I am not a lawyer but that is how it works here in California. Yes, if they do not move you make be forced to evict them but that is mostly happening on foreclosures, not many short sales. If they appear cooperative then odds are good that you will be fine. It is always a risk but one that is almost everywhere in this market.

Good Luck!!!
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Wed Feb 3, 2010
Dianne Hicks answered:
WoW... that is impossible to predict. Too many variables. Including who, when, where and why. It can be 2 weeks and it can be over a year. Certain banks have certain reputations and patterns but nothing is foresure. ... more
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Tue Jan 5, 2010
HLR answered:
Your new agent needs to put in the new one, and then tell the folks at trulia to delete the old one. This site is full of errors and mistakes of all kinds with little hope of anyone keeping up on it. Sorry, I'm just seen the mess daily.

So good luck.
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Thu Oct 2, 2014
Rick Harris answered:
It is possible, but not probable. You will more likely get a town house. You will more likely spend about $275-285k
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Wed Jan 28, 2015
Dallas Texas answered:
Where is your buyers agent assisting you with all of your questions?

BPO's is provided by a professional real estate agent who have reviewed comp's in past 6 months compared that home to other "like homes" in given area. Bank has pictures, entire library of info. If your offer is $180K less that list price may not even receive a response.

Short sale must be approved by bank many factors come into play .

Good luck ! I recommend to any all of our clients best keep looking if you have a short sale or bank foreclosure till the keys are in hand title transferred in your name.

National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
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Sun Jul 5, 2009
Laura Feghali answered:
Hello Sam,
It is almost always better for the home owner to negotiate with his lender to try to sell his home as a short sale. This way the lender is able to recoup some of the monies owed and the homeowner's credit is not destroyed. The Federal Government is encouraging the banks/lenders by giving them incentives to work with home owners that are in distress to sell short to avoid foreclosure. The banks don't like having to take care of the properties they own by paying for the utilities, spending money on repairs, and pay out taxes when they're due. That is why some foreclosed properties have no utilities turned on and are being sold "as is".
I hope this is helpful to you.
Laura Feghali

Prudential Connecticut Realty
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Mon Jul 6, 2009
HLR answered:
Is Chase the lender or the Servicing company? If they are servicer of the loan, it's the investor that has to ok the deal, in any case they will most likely wait to the last moment to reply to it, they have thousands of these and they take there time. Good Luck. ... more
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Sun Jul 5, 2009
HLR answered:
Normally that's the way it goes, and if the lender feels pressure to answer back, they will just back it harder for everyone. So wait and see, or just look else where. The market is right for buyers, and most short sales are not happening and the banks are taking the property back and then selling without the problem of the prior owner. The deal will be much better when it's only the bank you have to deal will. ... more
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Sun Oct 11, 2009
Dirk Knudsen answered:
The most important thing is having a good short sale negotiator. That is not a Realtor. I am talking about a real PRO. A real Pro will have a person inside CHASE that can make this sale happen.

75% is not a bad proposal. But there are too many variables that play into this including who the investor is and if they are willing to loose that much. I bet if you were at 80% of the Loan balances you would get it for you have to be close with this offer.

Appraisals and the Banks own BPO will factor heavily into this decision.

Good luck Sam. Sounds like your doing the right things and I hope you get it.

Best wishes;

Dirk T Knudsen
Re/Max Hall of Fame
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Wed Feb 24, 2010
Pam Lorange answered:
Kathy, This is a lovely home but one of the issues with it is the location. You have to want to be in the snow zone. If you don't mind the snow then you are only about 25 minutes from Ashland and it is a lovely property. "Fair" offering price is a hard one. In this market the price that a seller will take is dependent on their need to sell. In a normal market in our area, homes usually sell for 97% to 98% of the asking price at the time of the sale. In the current market we are seeing things sometimes going for 90% of the asking price. I would have an agent like myself (or who ever you may be working with) do a market analysis and then go in with what you are comfortable with and see what kind of response you get. ... more
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