I suggest that you contact another lender who has done 203K loans to explain the process and to determine if the property qualifies. That way you can better determine your repair costs.
Good luck to you!
Prudential Connecticut Realty... more
There are many areas that are great for young families in and around Cincinnati. It sounds like you need a buyers consultation. If you wanted to talk about your needs and I could ask a couple of questions I think you might be able to figure out which area will best suit your needs. Another consideration would be Northern Ky. I have a 2 year old and we live in an area called Sycamore Twp. Everyone has things that are more important to them so it is difficult determining your needs without speaking to you. If you want a little more help please feel free to give me a call.
Brianne Kroger... more
Short short answer is "probably", but I would think seriously about waiting, getting together a decent downpayment and working to raise your credit score. THEN you will be in significantly better financial shape, will have lower payments, and be able to secure better housing... more
Jennifer a move in condition property in Lakota schools for 100,000.00 is rare. You may want to look at condos in the area as some of the complexes have units available under 100,000.00. If the son attends East there should be no problem with him still attanding that school as parents provide transportation to all high school students. They would just need to fill out he proper form.... more
It depends on if you are seeking a 2-4 family to live in, and only need the rental income to supplement your house payment, or if you're looking at investment property. Your agent needs to be able to calculate a cap rate, NOI, ROI, understand how to decipher a proforma and understand the needs of lenders that are so much different than financing a single family. I specialize in all types of investment property and have full premium access to, not only listings on MLS but, loopnet as well. Rick
Rick Louallen ABR
Coldwell Banker West Shell
Investment Property Specialist
Serving entire Greater Cincinnati Market
Closing dates for "short sales" are normally generated by the lender not the agents. So unless this information came directly from the lender, it will likely not be accurate.
Short sales are tricky business and require time and patience on part of the parties involved. If there is an attorney championing this transaction, they would likely be able to provide you with the most accurate information.
Once you have received a written contract acceptance with the lender requiring your signature you can begin to anticipate that you are getting close. But for now, it appears that the lender is going through their process gathering information and processing your file.....at a time when the lender has internal approval, things normally happen quickly but until then try to remain patient and be ready when the time arrives.
Yes- the city buses run through Hyde Park, which is a neighborhood in the city of Cincinnati. Not sure which property you wanted tax info for? Email if you would like help with a specific property. Thanks!
Talk to a good loan officer. Normally you are allowed one FHA loan at a time but there may be accceptable reasons for you to be able to qualify for another FHA loan this far away from the other property.
I do have contact with lenders that wi8ll do a conventional rehab loan. You do need 20% of the purchase price plus repair bid down but it is a way for you to get where you need to go.... more
Finding someone who will want your home and also has the home you want is extremely difficult. and the process is the same as a normal sale. You both still need to pay off your mortgage and get new ones.
What do you feel will be the benefit in trading?... more
Sorry to say that I believe it is now your house, your problem. It seems they fixed it and it worked for 6 months and your guy gave you his opinion that is was not repaired very well, but that is just his opinion. Things break and things wear out, it is a fact of life. You could have something fixed and it can break again tomorrow. Fix it and move on.... more
Don't take this as bona fide legal advice, but the only way I've ever been able to ask a tennant to move within that time frame (3 day notice) was when my tennants were in violation of the lease and were not taking steps to become back in compliance with the lease. A three day notice to vacate has to be consipiciously posted on the property and that if the tennant does not move out within those 3 days, an eviction request will be filed (Forcible Entry and Detainer). A court date set and if the court agrees with the landlord and the court sets a move out date....
THIS IS NOT LEGAL ADVICE.... you should consult a legal professional for that. Googling Ohio Tennant Landlord Law should provide you with some helpful links
Scott Baker, Realtor
ERA Real Solutions
If you have been on the market for seven months and have had at least ten showings, then you are at least 10% overpriced. Make sure your property shows like a model, it must be clean, clutter free, neutral decor, no smells, consider having it staged. Good Luck!... more
If you are really serious about it and its a big problem, then hire a professional. Just know that houses have mold, all houses. It's the basic things that we do as we live in them that keeps it at bay. Not letting water stand around, getting fresh air in the house, etc. If this is a house that has been sitting vacant you might be able to treat it with bleach & water and it might not come back. If it just showed up in a house you live in, you might want a professional to find it's source and treat it. Spores can be in your heating system, etc.